Brown Brothers Harriman & Co. Sells 13,735 Shares of Regions Financial Co. (NYSE:RF)

Brown Brothers Harriman & Co. decreased its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 38.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,582 shares of the bank's stock after selling 13,735 shares during the period. Brown Brothers Harriman & Co.'s holdings in Regions Financial were worth $508,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. LBP AM SA increased its stake in Regions Financial by 149.4% in the 4th quarter. LBP AM SA now owns 730,614 shares of the bank's stock worth $17,184,000 after acquiring an additional 437,691 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Regions Financial in the fourth quarter valued at $1,965,000. Aprio Wealth Management LLC bought a new stake in Regions Financial in the fourth quarter worth $1,247,000. Nordea Investment Management AB raised its stake in Regions Financial by 60.4% during the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank's stock valued at $6,220,000 after purchasing an additional 99,115 shares in the last quarter. Finally, Vest Financial LLC lifted its position in Regions Financial by 20.4% during the fourth quarter. Vest Financial LLC now owns 1,479,865 shares of the bank's stock valued at $34,806,000 after purchasing an additional 250,729 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction that occurred on 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 purchase, the director now directly owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This represents a 15.15 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired a total of 3,868 shares of company stock valued at $86,722 over the last three months. 0.29% of the stock is owned by company insiders.

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Analysts Set New Price Targets

A number of research firms have recently weighed in on RF. Barclays boosted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a report on Monday, January 6th. Truist Financial reduced 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, March 21st. Morgan Stanley reaffirmed an "equal weight" rating and issued a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Wells Fargo & Company cut their target price on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Finally, Compass Point raised their price target on Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.95.

Regions Financial Trading Down 4.9 %

Shares of Regions Financial stock traded down $0.97 on Friday, hitting $18.64. 14,885,113 shares of the company traded hands, compared to its average volume of 7,879,903. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The company has a market cap of $16.88 billion, a PE ratio of 9.61, a PEG ratio of 1.93 and a beta of 1.19. The stock's 50 day moving average price is $22.88 and its 200-day moving average price is $23.87. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share 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 analyst estimates of $1.86 billion. During the same period in the previous year, the company posted $0.39 EPS. Regions Financial's revenue was up .2% on a year-over-year basis. Equities research analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend was 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.