Regions Financial Co. (NYSE:RF) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,869,759 shares of the bank's stock after selling 356,594 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.87% of Regions Financial worth $185,097,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RF. Y.D. More Investments Ltd increased its holdings in Regions Financial by 122.9% in the 4th 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 in the last quarter. Sierra Ocean LLC purchased a new position in shares of Regions Financial during the fourth quarter valued at about $28,000. Picton Mahoney Asset Management increased its stake in Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock worth $29,000 after acquiring an additional 1,201 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Regions Financial in the fourth quarter worth $32,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Regions Financial in the 3rd quarter worth about $37,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Regions Financial Stock Up 9.1 %

Regions Financial stock traded up $1.67 during midday trading on Wednesday, reaching $20.01. The company's stock had a trading volume of 18,914,519 shares, compared to its average volume of 8,043,633. 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 stock has a market capitalization of $18.12 billion, a P/E ratio of 10.31, a PEG ratio of 1.93 and a beta of 1.01. The stock's 50-day simple moving average is $22.31 and its 200-day simple moving average is $23.74. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96.

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Regions Financial (NYSE:RF - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period last year, the business earned $0.39 EPS. Regions Financial's revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts expect that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date was Monday, March 3rd. Regions Financial's dividend payout ratio is presently 51.55%.

Insider Transactions at Regions Financial

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 bought at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the acquisition, the director now owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders bought a total of 3,868 shares of company stock worth $86,722 over the last three months. 0.29% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company decreased their price target on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Morgan Stanley lowered their price target on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a report on Monday. Citigroup reduced their price objective 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 lowered their target price on Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. cut their price target on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Regions Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.42.

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.