Groupama Asset Managment Trims Position in Regions Financial Co. (NYSE:RF)

Groupama Asset Managment trimmed its position in Regions Financial Co. (NYSE:RF) by 38.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 118,854 shares of the bank’s stock after selling 74,494 shares during the period. Groupama Asset Managment’s holdings in Regions Financial were worth $2,812,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its stake in Regions Financial by 8.4% in the 3rd quarter. FMR LLC now owns 3,109,633 shares of the bank’s stock worth $72,548,000 after purchasing an additional 241,838 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Regions Financial by 2.9% in the third quarter. Public Sector Pension Investment Board now owns 159,607 shares of the bank’s stock worth $3,724,000 after buying an additional 4,500 shares in the last quarter. Captrust Financial Advisors boosted its stake in Regions Financial by 16.0% during the third quarter. Captrust Financial Advisors now owns 108,572 shares of the bank’s stock valued at $2,533,000 after buying an additional 14,958 shares during the period. Benjamin Edwards Inc. grew its position in Regions Financial by 13,948.1% during the third quarter. Benjamin Edwards Inc. now owns 284,755 shares of the bank’s stock worth $6,643,000 after buying an additional 282,728 shares in the last quarter. Finally, Holocene Advisors LP purchased a new position in Regions Financial during the third quarter worth about $8,968,000. 79.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the purchase, the director now directly owns 17,486 shares of the company’s stock, valued at $370,353.48. The trade was a 15.15 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have acquired 3,868 shares of company stock valued at $86,722 over the last ninety days. 0.29% of the stock is owned by insiders.

Regions Financial Price Performance

Shares of Regions Financial stock opened at $21.55 on Wednesday. The stock has a market capitalization of $19.52 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The business’s 50 day simple moving average is $23.13 and its two-hundred day simple moving average is $23.94.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 EPS. Analysts forecast that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.64%. Regions Financial’s dividend payout ratio is currently 51.55%.

Analyst Ratings Changes

Several research analysts have recently commented on RF shares. Compass Point boosted their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Truist Financial cut their price target on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Barclays raised their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Citigroup cut their target price on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Finally, Piper Sandler raised their price target on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.17.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.