Brandywine Global Investment Management LLC Sells 36,858 Shares of Regions Financial Co. (NYSE:RF)

Brandywine Global Investment Management LLC decreased its stake in Regions Financial Co. (NYSE:RF - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 479,083 shares of the bank's stock after selling 36,858 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.05% of Regions Financial worth $11,268,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RF. Y.D. More Investments Ltd increased its holdings in Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after buying an additional 634 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Regions Financial during the 4th quarter worth $28,000. Picton Mahoney Asset Management raised its holdings in shares of Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock valued at $29,000 after purchasing an additional 1,201 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Regions Financial in the 4th quarter valued at $32,000. Finally, Legacy Investment Solutions LLC bought a new stake in Regions Financial in the third quarter worth $37,000. Institutional investors and hedge funds own 79.39% of the company's stock.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of Regions Financial stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the purchase, the director now owns 17,486 shares of the company's stock, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders purchased 3,868 shares of company stock worth $86,722 in the last quarter. Insiders own 0.29% of the company's stock.

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Analyst Ratings Changes

Several analysts have recently issued reports on RF shares. Truist Financial decreased their price target on Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Barclays upped their target price on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research report on Monday, January 6th. Morgan Stanley reissued 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. Compass Point upped their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company dropped their target price on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $26.95.

Regions Financial Price Performance

RF traded down $0.73 during trading on Friday, hitting $18.88. The company's stock had a trading volume of 10,736,762 shares, compared to its average volume of 7,855,256. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $17.09 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The firm's 50 day moving average price is $23.00 and its two-hundred day moving average price is $23.90. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the previous year, the business posted $0.39 earnings per share. The firm's revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend was Monday, March 3rd. Regions Financial's dividend payout ratio (DPR) is presently 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.