Blueshift Asset Management LLC Acquires Shares of 13,593 Regions Financial Co. (NYSE:RF)

Blueshift Asset Management LLC purchased a new stake in shares of Regions Financial Co. (NYSE:RF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,593 shares of the bank's stock, valued at approximately $320,000.

A number of other hedge funds and other institutional investors have also modified their holdings of RF. Citigroup Inc. raised its holdings in Regions Financial by 20.0% during the 3rd quarter. Citigroup Inc. now owns 1,519,299 shares of the bank's stock worth $35,445,000 after purchasing an additional 253,708 shares during the last quarter. LBP AM SA raised its stake in shares of Regions Financial by 149.4% during the fourth quarter. LBP AM SA now owns 730,614 shares of the bank's stock worth $17,184,000 after buying an additional 437,691 shares during the last quarter. Aigen Investment Management LP acquired a new position in Regions Financial in the fourth quarter valued at approximately $1,965,000. Aprio Wealth Management LLC bought a new position in Regions Financial in the fourth quarter valued at approximately $1,247,000. Finally, Nordea Investment Management AB grew its holdings in Regions Financial by 60.4% during the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank's stock worth $6,220,000 after acquiring an additional 99,115 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

Wall Street Analysts Forecast Growth

RF has been the topic of several analyst reports. Compass Point increased their target price on Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Barclays lifted their price objective 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. Citigroup lowered their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Monday. Truist Financial reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Finally, Piper Sandler upped their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Regions Financial currently has an average rating of "Moderate Buy" and a consensus price target of $27.28.

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Insider Transactions at Regions Financial

In other news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 3,993 shares of company stock worth $89,682 in the last 90 days. Corporate insiders own 0.29% of the company's stock.

Regions Financial Stock Down 0.8 %

Shares of RF stock traded down $0.19 during trading on Wednesday, reaching $22.24. The company's stock had a trading volume of 6,674,399 shares, compared to its average volume of 7,465,612. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The business has a fifty day moving average price of $23.40 and a 200-day moving average price of $23.96. The company has a market cap of $20.13 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. 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 - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. Analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Monday, March 3rd. Regions Financial's dividend payout ratio (DPR) is 51.55%.

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.