Natixis Advisors LLC Acquires 17,086 Shares of Regions Financial Co. (NYSE:RF)

Natixis Advisors LLC grew its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 11.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 163,117 shares of the bank's stock after acquiring an additional 17,086 shares during the period. Natixis Advisors LLC's holdings in Regions Financial were worth $3,837,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC raised its stake in shares of Regions Financial by 3.3% during the 4th quarter. Frank Rimerman Advisors LLC now owns 31,526 shares of the bank's stock valued at $741,000 after purchasing an additional 1,017 shares during the period. Picton Mahoney Asset Management grew its holdings 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 valued at $29,000 after purchasing an additional 1,201 shares during the last quarter. LBP AM SA raised its position in Regions Financial by 149.4% in the 4th quarter. LBP AM SA now owns 730,614 shares of the bank's stock worth $17,184,000 after purchasing an additional 437,691 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in Regions Financial by 19.7% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 379,396 shares of the bank's stock worth $8,923,000 after purchasing an additional 62,396 shares during the last quarter. Finally, PGGM Investments boosted its position in Regions Financial by 677.9% during the fourth quarter. PGGM Investments now owns 223,107 shares of the bank's stock valued at $5,247,000 after buying an additional 194,428 shares during the period. Hedge funds and other institutional investors own 79.39% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Piper Sandler boosted their target price on Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Morgan Stanley reiterated an "equal weight" rating and set a $32.00 target price (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Citigroup reduced their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Monday. Barclays increased their price objective on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a report on Monday, January 6th. Finally, Truist Financial reduced their target price on shares of Regions Financial from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Regions Financial presently has an average rating of "Moderate Buy" and a consensus price target of $27.28.

Insider Activity at Regions Financial

In related 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, with a total value of $48,714.00. Following the acquisition, the director now owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders bought 3,993 shares of company stock worth $89,682. 0.29% of the stock is owned by insiders.

Regions Financial Stock Down 0.8 %

RF traded down $0.19 during trading on Wednesday, hitting $22.24. 6,674,396 shares of the company's stock traded hands, compared to its average volume of 8,775,984. The stock has a market capitalization of $20.13 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 1.93 and a beta of 1.19. The company's 50 day simple moving average is $23.40 and its two-hundred day simple moving average is $23.96. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

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

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date 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 presently 51.55%.

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.