O Shaughnessy Asset Management LLC Grows Holdings in Regions Financial Co. (NYSE:RF)

O Shaughnessy Asset Management LLC grew its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 172.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 732,700 shares of the bank's stock after purchasing an additional 463,358 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.08% of Regions Financial worth $17,233,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Y.D. More Investments Ltd increased its stake 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 valued at $27,000 after purchasing an additional 634 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Regions Financial in the fourth quarter valued at $28,000. Picton Mahoney Asset Management raised its stake in shares of Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock worth $29,000 after buying an additional 1,201 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in Regions Financial in the 4th quarter valued at about $32,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Regions Financial in the 3rd quarter valued at about $37,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Joia M. Johnson purchased 2,300 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $21.18 per share, with a total value of $48,714.00. Following the purchase, the director now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have purchased 3,868 shares of company stock valued at $86,722. Corporate insiders own 0.29% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have issued reports on RF shares. Truist Financial reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Citigroup lowered their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Morgan Stanley reissued an "equal weight" rating and issued a $32.00 price target (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Barclays increased their price objective on Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research note on Monday, January 6th. Finally, Wells Fargo & Company reduced their target price on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Regions Financial has an average rating of "Moderate Buy" and an average target price of $26.95.

Regions Financial Trading Down 4.9 %

RF stock traded down $0.97 during midday trading on Friday, reaching $18.64. 14,885,113 shares of the company's stock traded hands, compared to its average volume of 7,879,722. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The business has a 50-day moving average price of $22.88 and a two-hundred day moving average price of $23.87. The company has a market capitalization of $16.88 billion, a P/E 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.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm's revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 EPS. Equities research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 5.36%. Regions Financial's payout ratio is currently 51.55%.

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.