Brooklyn FI LLC Takes Position in Regions Financial Co. (NYSE:RF)

Brooklyn FI LLC acquired a new position in Regions Financial Co. (NYSE:RF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,632 shares of the bank's stock, valued at approximately $337,000.

Other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd lifted its position in shares of 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 purchasing an additional 634 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Regions Financial during the 4th quarter valued at $28,000. Picton Mahoney Asset Management boosted its stake 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 buying an additional 1,201 shares during the period. Truvestments Capital LLC acquired a new position in shares of Regions Financial in the third quarter worth $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in Regions Financial in the 3rd quarter worth about $37,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on RF. Citigroup dropped their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday. Barclays raised their target price on Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a report on Monday, January 6th. Piper Sandler upped their price target on 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 cut their price objective on Regions Financial from $26.00 to $24.00 and set a "hold" rating on the stock in a research note on Friday. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. One 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $27.28.

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Insider Buying and Selling at Regions Financial

In other news, Director Joia M. Johnson acquired 2,300 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $21.18 per share, with a total value 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders purchased 3,993 shares of company stock valued at $89,682. 0.29% of the stock is currently owned by company insiders.

Regions Financial Stock Performance

RF stock traded up $0.62 during trading on Monday, reaching $22.33. 6,572,043 shares of the stock were exchanged, compared to its average volume of 7,466,052. The stock has a 50 day simple moving average of $23.46 and a 200-day simple moving average of $23.96. 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 Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The company has a market capitalization of $20.21 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. As a group, sell-side analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.48%. Regions Financial's dividend payout ratio is currently 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.