Regions Financial Co. (NYSE:RF) Shares Acquired by Andra AP fonden

Andra AP fonden raised its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 38.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 492,500 shares of the bank's stock after buying an additional 136,000 shares during the period. Andra AP fonden owned about 0.05% of Regions Financial worth $11,584,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RF. State Street Corp lifted its stake in shares of Regions Financial by 16.3% during the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank's stock valued at $1,306,813,000 after buying an additional 7,791,399 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Regions Financial by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock worth $686,398,000 after acquiring an additional 1,396,647 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Regions Financial by 1.4% in the third quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank's stock valued at $526,118,000 after purchasing an additional 315,605 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Regions Financial by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,738,619 shares of the bank's stock valued at $203,273,000 after purchasing an additional 112,885 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Regions Financial by 0.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,226,353 shares of the bank's stock worth $191,921,000 after buying an additional 61,426 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

RF has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on shares of Regions Financial from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Wells Fargo & Company lifted their target price on Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, November 15th. Citigroup dropped their target price on Regions Financial from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Truist Financial raised their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $27.56.

Regions Financial Stock Performance

RF traded up $0.10 on Wednesday, reaching $21.09. The stock had a trading volume of 11,286,233 shares, compared to its average volume of 7,481,066. The business's 50-day moving average price is $23.81 and its two-hundred day moving average price is $24.05. The company has a market cap of $19.09 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates 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 prior year, the business posted $0.39 earnings per share. The firm's revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial's dividend payout ratio is presently 51.55%.

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.