Blue Trust Inc. Sells 14,366 Shares of Regions Financial Co. (NYSE:RF)

Blue Trust Inc. lowered its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 61.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,828 shares of the bank's stock after selling 14,366 shares during the period. Blue Trust Inc.'s holdings in Regions Financial were worth $208,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Y.D. More Investments Ltd raised its stake in shares of Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after acquiring an additional 634 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Regions Financial during the third quarter valued at $37,000. Legacy Investment Solutions LLC bought a new position in Regions Financial during the third quarter worth $37,000. Quarry LP raised its stake in 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 buying an additional 394 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Regions Financial during the third quarter worth $56,000. Institutional investors own 79.39% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RF shares. Barclays lifted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research note on Monday, January 6th. Truist Financial lifted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a "hold" rating in a research note on Tuesday, January 21st. Piper Sandler lifted their target price 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. Stephens raised shares of Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 target price for the company in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group lifted their price target 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Regions Financial presently has a consensus rating of "Moderate Buy" and an average target price of $27.67.

Regions Financial Stock Down 2.8 %

Shares of NYSE RF traded down $0.67 during mid-day trading on Friday, reaching $23.39. 9,066,371 shares of the company's stock traded hands, compared to its average volume of 6,679,576. The stock has a market cap of $21.26 billion, a P/E ratio of 12.06, a PEG ratio of 1.93 and a beta of 1.20. The business has a 50-day simple moving average of $24.11 and a 200 day simple moving average of $23.92. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. 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 released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping 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 business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the previous year, the company earned $0.39 earnings per share. The firm's revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial's dividend payout ratio (DPR) 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.