Regions Financial Co. (NYSE:RF) Shares Sold by Barclays PLC

Barclays PLC trimmed its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 12.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,876,637 shares of the bank's stock after selling 570,064 shares during the quarter. Barclays PLC owned 0.43% of Regions Financial worth $90,443,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. American National Bank & Trust boosted its position in shares of Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank's stock worth $27,000 after acquiring an additional 1,114 shares in the last quarter. Quarry LP increased its stake in Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank's stock valued at $27,000 after purchasing an additional 816 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank's stock worth $30,000 after purchasing an additional 1,256 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Regions Financial during the 2nd quarter worth approximately $32,000. Finally, EdgeRock Capital LLC acquired a new position in shares of Regions Financial in the 2nd quarter valued at $33,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Price Performance

Shares of NYSE RF traded down $0.35 during trading on Thursday, hitting $25.05. 9,355,019 shares of the company were exchanged, compared to its average volume of 7,881,271. The firm's fifty day moving average price is $25.07 and its 200 day moving average price is $22.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market cap of $22.77 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 2.72 and a beta of 1.19. Regions Financial Co. has a 1 year low of $17.18 and a 1 year high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last issued its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company's quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. On average, sell-side analysts expect that Regions Financial Co. will post 2.12 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.99%. Regions Financial's payout ratio is 56.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RF shares. Piper Sandler lifted their price target on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Truist Financial lifted their target price on Regions Financial from $25.00 to $26.00 and gave the stock a "hold" rating in a research report on Monday, October 21st. Citigroup upped their target price on Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised Regions Financial from a "hold" rating to a "buy" rating and lifted their price target for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods upgraded shares of Regions Financial from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $27.00 to $28.00 in a research report on Thursday, October 31st. One investment 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.com, the stock has an average rating of "Moderate Buy" and an average target price of $27.61.

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.