Caisse Des Depots ET Consignations Invests $1.69 Million in Regions Financial Co. (NYSE:RF)

Caisse Des Depots ET Consignations bought a new stake in shares of Regions Financial Co. (NYSE:RF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 71,979 shares of the bank's stock, valued at approximately $1,693,000.

Other hedge funds also recently modified their holdings of the company. NEOS Investment Management LLC boosted its stake in shares of Regions Financial by 31.5% in the 4th quarter. NEOS Investment Management LLC now owns 56,755 shares of the bank's stock valued at $1,335,000 after purchasing an additional 13,587 shares in the last quarter. Elo Mutual Pension Insurance Co grew its stake in shares of Regions Financial by 1.0% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 93,586 shares of the bank's stock worth $2,201,000 after purchasing an additional 954 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Regions Financial by 16.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,498,333 shares of the bank's stock worth $35,391,000 after buying an additional 211,222 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Regions Financial during the fourth quarter worth about $741,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Regions Financial by 57.2% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,153,937 shares of the bank's stock valued at $27,141,000 after purchasing an additional 419,930 shares during the period. 79.39% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In related news, Director Joia M. Johnson bought 2,300 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $21.18 per share, with a total value of $48,714.00. Following the acquisition, the director now owns 17,486 shares of the company's stock, valued at $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 3,868 shares of company stock valued at $86,722 in the last 90 days. Corporate insiders own 0.29% of the company's stock.

Regions Financial Price Performance

Shares of RF stock traded up $0.28 during trading on Monday, hitting $21.70. The company had a trading volume of 4,328,190 shares, compared to its average volume of 7,785,834. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The firm has a market capitalization of $19.65 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The stock's 50-day moving average price is $23.25 and its 200 day moving average price is $23.95.

Regions Financial (NYSE:RF - Get Free Report) last released its 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 return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. Equities analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.61%. Regions Financial's dividend payout ratio (DPR) is presently 51.55%.

Analysts Set New Price Targets

A number of brokerages have recently commented on RF. Citigroup cut their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Truist Financial decreased their price objective on shares of Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Barclays upped their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a report on Monday, January 6th. Piper Sandler lifted their price target on Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Finally, Compass Point upped their price objective on Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.17.

About Regions Financial

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.