15,000 Shares in Regions Financial Co. (NYSE:RF) Purchased by Intellus Advisors LLC

Intellus Advisors LLC purchased a new position in shares of Regions Financial Co. (NYSE:RF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,000 shares of the bank's stock, valued at approximately $353,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its position in Regions Financial by 16.3% in the third quarter. State Street Corp now owns 55,485,987 shares of the bank's stock worth $1,306,813,000 after acquiring an additional 7,791,399 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Regions Financial by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock valued at $686,398,000 after buying an additional 1,396,647 shares in the last quarter. Geode Capital Management LLC increased its holdings in Regions Financial by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank's stock valued at $526,118,000 after acquiring an additional 315,605 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Regions Financial by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,738,619 shares of the bank's stock valued at $203,273,000 after purchasing an additional 112,885 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Regions Financial by 0.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,226,353 shares of the bank's stock valued at $191,921,000 after buying an additional 61,426 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

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Analyst Ratings Changes

A number of research firms have recently weighed in on RF. Citigroup cut their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday. 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. The Goldman Sachs Group raised their target price on shares of Regions Financial from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Compass Point increased their target price on Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $27.28.

Regions Financial Price Performance

NYSE:RF traded down $0.19 during trading hours on Wednesday, reaching $22.24. 6,674,399 shares of the company's stock were exchanged, compared to its average volume of 7,478,157. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96. The business's 50-day simple moving average is $23.40 and its two-hundred day simple moving average is $23.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $20.13 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion for 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%. Regions Financial's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 earnings per share. Sell-side analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.50%. Regions Financial's dividend payout ratio is currently 51.55%.

Insider Buying and Selling

In related news, Director Joia M. Johnson bought 2,300 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares of the company's stock, valued at $370,353.48. The trade was a 15.15 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders acquired 3,993 shares of company stock worth $89,682. Corporate insiders own 0.29% of the company's stock.

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.