Canada Post Corp Registered Pension Plan Makes New Investment in Regions Financial Co. (NYSE:RF)

Canada Post Corp Registered Pension Plan purchased a new position in Regions Financial Co. (NYSE:RF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,690 shares of the bank's stock, valued at approximately $346,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RF. Orion Portfolio Solutions LLC purchased a new position in Regions Financial in the 3rd quarter worth about $210,000. MML Investors Services LLC raised its stake in Regions Financial by 7.7% during the 3rd quarter. MML Investors Services LLC now owns 71,669 shares of the bank's stock valued at $1,672,000 after buying an additional 5,101 shares during the last quarter. World Investment Advisors LLC lifted its holdings in shares of Regions Financial by 14.5% during the 3rd quarter. World Investment Advisors LLC now owns 15,837 shares of the bank's stock valued at $369,000 after buying an additional 2,010 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Regions Financial in the 3rd quarter worth $56,000. Finally, Tidal Investments LLC increased its position in Regions Financial by 2.0% during the third quarter. Tidal Investments LLC now owns 127,326 shares of the bank's stock valued at $2,971,000 after acquiring an additional 2,531 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company's stock.

Analyst Upgrades and Downgrades

RF has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Truist Financial cut their price target on Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a report on Friday, March 21st. Stephens lowered their price objective on Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Monday. JPMorgan Chase & Co. reduced their target price on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.68.

Regions Financial Stock Up 2.5 %

NYSE:RF traded up $0.49 during trading hours on Tuesday, hitting $19.58. The company's stock had a trading volume of 1,531,830 shares, compared to its average volume of 8,113,075. The stock has a fifty day moving average of $21.49 and a 200-day moving average of $23.54. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $17.72 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the business posted $0.37 earnings per share. On average, equities analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.11%. Regions Financial's dividend payout ratio (DPR) is presently 48.08%.

Insiders Place Their Bets

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 3,343 shares of company stock valued at $74,348 in the last quarter. 0.29% of the stock is currently owned by company insiders.

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.