Groupama Asset Managment Decreases Stock Holdings in Regions Financial Co. (NYSE:RF)

Groupama Asset Managment decreased its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 38.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,854 shares of the bank's stock after selling 74,494 shares during the quarter. Groupama Asset Managment's holdings in Regions Financial were worth $2,812,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in RF. Quarry LP boosted its stake in Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank's stock valued at $40,000 after purchasing an additional 394 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Regions Financial by 2.5% during the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock valued at $411,000 after buying an additional 420 shares during the last quarter. Prossimo Advisors LLC increased its holdings in Regions Financial by 2.3% in the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock worth $453,000 after buying an additional 430 shares in the last quarter. Greenleaf Trust increased its holdings in Regions Financial by 1.8% in the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock worth $573,000 after buying an additional 436 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its holdings in shares of Regions Financial by 2.3% during the 4th quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock valued at $456,000 after acquiring an additional 436 shares during the last quarter. Institutional investors own 79.39% of the company's stock.

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Regions Financial Price Performance

Shares of RF stock traded down $0.97 on Friday, hitting $18.64. 14,885,113 shares of the stock traded hands, compared to its average volume of 7,869,422. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $23.00 and a two-hundred day simple moving average of $23.90. 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 released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share. As a group, equities research 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 announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend 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%.

Insider Buying and Selling

In other news, Director Joia M. Johnson bought 2,300 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders purchased 3,868 shares of company stock worth $86,722. 0.29% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on RF. Morgan Stanley reissued an "equal weight" rating and set a $32.00 price objective (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Truist Financial decreased their target price on shares of Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Barclays raised their price target on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. reduced their price objective on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Wells Fargo & Company dropped 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.95.

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.