Regions Financial Co. (NYSE:RF) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. cut its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,628 shares of the bank's stock after selling 15,130 shares during the quarter. Dana Investment Advisors Inc.'s holdings in Regions Financial were worth $2,743,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Y.D. More Investments Ltd raised 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 acquiring an additional 634 shares during the period. Sierra Ocean LLC acquired a new position in shares of Regions Financial in the fourth quarter worth about $28,000. Truvestments Capital LLC acquired a new position in shares of Regions Financial in the third quarter worth about $37,000. Legacy Investment Solutions LLC acquired a new position in shares of Regions Financial in the third quarter worth about $37,000. Finally, Quarry LP raised its position in shares of Regions Financial by 29.5% in the third quarter. Quarry LP now owns 1,729 shares of the bank's stock worth $40,000 after acquiring an additional 394 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Price Performance

RF stock traded up $0.15 during trading on Friday, reaching $22.10. 10,446,555 shares of the company were exchanged, compared to its average volume of 7,434,354. The company has a market cap of $20.01 billion, a P/E ratio of 11.39, a PEG ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96. The stock's 50 day moving average price is $23.90 and its 200 day moving average price is $24.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

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Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion for 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 company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 earnings per share. As a group, analysts predict that Regions Financial Co. will post 2.26 earnings per share 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. Investors of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.53%. The ex-dividend date is Monday, March 3rd. Regions Financial's dividend payout ratio (DPR) is 51.55%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RF shares. Piper Sandler upped their price target on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group upped their price target on shares of Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Barclays upped their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research note on Monday, January 6th. Morgan Stanley reaffirmed an "equal weight" rating and set a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Finally, Compass Point upped their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Regions Financial has a consensus rating of "Moderate Buy" and a consensus target price of $27.67.

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.