Regions Financial Co. (NYSE:RF) Shares Sold by National Pension Service

National Pension Service trimmed its stake in shares of Regions Financial Co. (NYSE:RF) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,549,738 shares of the bank’s stock after selling 172,286 shares during the period. National Pension Service owned about 0.17% of Regions Financial worth $36,450,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Y.D. More Investments Ltd raised its position in shares of Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after purchasing an additional 634 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Regions Financial during the 4th quarter worth approximately $28,000. Truvestments Capital LLC acquired a new position in shares of Regions Financial during the 3rd quarter worth approximately $37,000. Legacy Investment Solutions LLC acquired a new position in shares of Regions Financial during the 3rd quarter worth approximately $37,000. Finally, Quarry LP raised its position in shares of Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after purchasing an additional 394 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Up 1.3 %

Shares of 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 fifty day moving average of $24.06 and a 200-day moving average of $24.00. The stock has a market capitalization of $21.47 billion, a PE 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 announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company earned $0.39 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.22%. Regions Financial’s dividend payout ratio (DPR) is 51.55%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RF. Compass Point lifted their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays lifted their price objective on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. Wells Fargo & Company lifted their price objective on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Truist Financial boosted their price target on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, January 21st. Finally, Citigroup boosted their price target on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Regions Financial presently has a consensus rating of “Moderate Buy” and an average target price of $27.67.

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.