Regions Financial Co. (NYSE:RF) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its position in shares of Regions Financial Co. (NYSE:RF) by 2.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 175,207 shares of the bank’s stock after selling 4,898 shares during the period. Amalgamated Bank’s holdings in Regions Financial were worth $4,121,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AMF Tjanstepension AB purchased a new position in shares of Regions Financial in the 3rd quarter valued at about $6,281,000. Private Advisor Group LLC lifted its stake in Regions Financial by 1.8% during the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after purchasing an additional 429 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Regions Financial by 2,128.2% in the third quarter. International Assets Investment Management LLC now owns 98,797 shares of the bank’s stock valued at $2,305,000 after purchasing an additional 94,363 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Regions Financial by 5.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 151,663 shares of the bank’s stock valued at $3,538,000 after purchasing an additional 7,811 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Regions Financial by 1.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 277,006 shares of the bank’s stock worth $6,367,000 after purchasing an additional 4,963 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Trading Up 1.3 %

NYSE RF opened at $23.71 on Friday. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96. The firm has a 50-day moving average price of $24.06 and a 200 day moving average price of $24.00. The stock has a market capitalization of $21.47 billion, a P/E ratio of 12.22, a P/E/G ratio of 1.93 and a beta of 1.20. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

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

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.22%. Regions Financial’s payout ratio is currently 51.55%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RF. Compass Point upped their target price on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Truist Financial raised their price objective on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Wells Fargo & Company boosted their target price on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Piper Sandler raised their price target on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Citigroup boosted their price objective on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial 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.