Regions Financial Corporation $RF Shares Sold by Simmons Bank

Simmons Bank trimmed its holdings in Regions Financial Corporation (NYSE:RF) by 28.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,920 shares of the bank’s stock after selling 6,043 shares during the quarter. Simmons Bank’s holdings in Regions Financial were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of RF. Invesco Ltd. lifted its holdings in Regions Financial by 35.7% in the 1st quarter. Invesco Ltd. now owns 20,990,446 shares of the bank’s stock valued at $456,122,000 after acquiring an additional 5,521,772 shares during the last quarter. Nuveen LLC purchased a new stake in Regions Financial during the first quarter valued at about $53,018,000. Charles Schwab Investment Management Inc. lifted its stake in Regions Financial by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 31,092,742 shares of the bank’s stock valued at $675,645,000 after buying an additional 1,909,162 shares in the last quarter. Amundi lifted its stake in Regions Financial by 20.4% during the first quarter. Amundi now owns 10,010,267 shares of the bank’s stock valued at $198,721,000 after buying an additional 1,696,347 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Regions Financial by 3.7% during the first quarter. Wellington Management Group LLP now owns 44,211,562 shares of the bank’s stock valued at $960,717,000 after buying an additional 1,562,512 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Roger W. Jenkins acquired 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the acquisition, the director owned 6,383 shares of the company’s stock, valued at approximately $162,638.84. This represents a 167.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on RF. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regions Financial in a research note on Wednesday, October 8th. Morgan Stanley set a $32.00 price objective on shares of Regions Financial in a research note on Monday, September 29th. Stephens reaffirmed an “equal weight” rating and set a $27.00 price objective (down from $30.00) on shares of Regions Financial in a research note on Tuesday, October 14th. Truist Financial reduced their price objective on shares of Regions Financial from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Monday, October 20th. Finally, Citigroup upped their target price on Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Regions Financial has an average rating of “Hold” and a consensus price target of $28.19.

Regions Financial Price Performance

Shares of RF opened at $24.37 on Thursday. The company has a market capitalization of $21.74 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 1.24 and a beta of 1.07. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.81. The business’s 50-day moving average is $25.75 and its 200-day moving average is $24.18.

Regions Financial (NYSE:RF) last issued its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. The company had revenue of $1.81 billion for the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%. Equities research analysts expect that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be issued a $0.265 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.06 dividend on an annualized basis and a yield of 4.3%. Regions Financial’s dividend payout ratio is currently 46.70%.

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.