Amundi lessened its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 30.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,313,920 shares of the bank's stock after selling 3,665,200 shares during the quarter. Amundi owned about 0.91% of Regions Financial worth $197,652,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in RF. Y.D. More Investments Ltd raised its holdings in shares of Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after buying an additional 634 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Regions Financial during the 4th quarter worth approximately $28,000. Truvestments Capital LLC purchased a new position in shares of Regions Financial in the 3rd quarter valued at approximately $37,000. Legacy Investment Solutions LLC acquired a new position in shares of Regions Financial in the third quarter valued at approximately $37,000. Finally, Quarry LP lifted its holdings in shares of Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank's stock worth $40,000 after purchasing an additional 394 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.
Regions Financial Stock Performance
NYSE:RF traded down $0.27 during midday trading on Tuesday, reaching $21.26. 5,430,772 shares of the company traded hands, compared to its average volume of 7,448,464. The company has a fifty day moving average price of $23.86 and a 200 day moving average price of $24.06. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.
Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion for 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 business's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. On average, analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.
Regions Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.70%. The ex-dividend date is Monday, March 3rd. Regions Financial's dividend payout ratio is presently 51.55%.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Citigroup upped their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Barclays lifted their price objective on Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a report on Monday, January 6th. Compass Point boosted their target price on Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Piper Sandler boosted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company increased their target price on shares of Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, November 15th. One investment 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $27.67.
Get Our Latest Research Report on Regions Financial
About Regions Financial
(
Free Report)
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.
Featured Stories
Before you consider Regions Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Regions Financial wasn't on the list.
While Regions Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
