Regions Financial Co. (NYSE:RF) Shares Sold by Salzhauer Michael

Salzhauer Michael cut its stake in shares of Regions Financial Co. (NYSE:RF) by 1.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 70,833 shares of the bank’s stock after selling 1,000 shares during the period. Regions Financial makes up approximately 0.6% of Salzhauer Michael’s holdings, making the stock its 23rd largest holding. Salzhauer Michael’s holdings in Regions Financial were worth $1,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Regions Financial by 16.3% in the third quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock worth $1,306,813,000 after acquiring an additional 7,791,399 shares in the last quarter. National Bank of Canada FI raised its position in shares of Regions Financial by 575.8% in the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock valued at $39,784,000 after purchasing an additional 1,452,956 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Regions Financial by 13.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock valued at $201,238,000 after purchasing an additional 1,014,706 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Regions Financial by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank’s stock worth $648,269,000 after buying an additional 816,226 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Regions Financial during the third quarter worth approximately $17,589,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

RF has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Truist Financial increased their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Wedbush boosted their price objective on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, October 21st. DA Davidson increased their target price on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group lifted their target price on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Price Performance

Shares of NYSE:RF opened at $24.45 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $24.45 and its two-hundred day moving average is $23.76. The firm has a market capitalization of $22.22 billion, a P/E ratio of 12.60, a PEG ratio of 1.97 and a beta of 1.20. Regions Financial Co. has a 52 week low of $17.61 and a 52 week high of $27.96.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $0.39 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

About Regions Financial

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.