Regions Financial Co. (NYSE:RF) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,403,666 shares of the bank's stock after acquiring an additional 239,542 shares during the quarter. Victory Capital Management Inc. owned about 0.15% of Regions Financial worth $33,014,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in shares of Regions Financial by 16.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 66,925 shares of the bank's stock worth $1,561,000 after buying an additional 9,407 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Regions Financial by 59.0% during the third quarter. Van ECK Associates Corp now owns 37,721 shares of the bank's stock valued at $891,000 after buying an additional 13,999 shares during the period. Principal Financial Group Inc. grew its stake in Regions Financial by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,087,697 shares of the bank's stock worth $25,376,000 after acquiring an additional 34,125 shares during the period. Equitable Trust Co. boosted its holdings in shares of Regions Financial by 2.9% during the third quarter. Equitable Trust Co. now owns 70,180 shares of the bank's stock worth $1,637,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Regions Financial by 6.8% in the third quarter. Assetmark Inc. now owns 18,637 shares of the bank's stock valued at $435,000 after purchasing an additional 1,184 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

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Analysts Set New Price Targets

Several research firms recently weighed in on RF. Citigroup increased their target price on Regions Financial from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Piper Sandler increased their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Truist Financial boosted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a report on Tuesday, January 21st. Wells Fargo & Company increased their price target on shares of Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, November 15th. Finally, 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 research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.67.

Regions Financial Stock Down 0.8 %

Shares of NYSE RF traded down $0.18 during trading on Wednesday, reaching $20.81. 1,173,895 shares of the stock were exchanged, compared to its average volume of 7,442,355. The business's 50-day moving average price is $23.81 and its 200 day moving average price is $24.05. The company has a market capitalization of $18.85 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

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

Regions Financial Dividend Announcement

The business also recently declared 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 is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.80%. 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.