National Bank of Canada FI Lowers Stock Holdings in Regions Financial Co. (NYSE:RF)

National Bank of Canada FI lowered its position in Regions Financial Co. (NYSE:RF - Free Report) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,485,281 shares of the bank's stock after selling 219,992 shares during the quarter. National Bank of Canada FI owned about 0.16% of Regions Financial worth $34,934,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RF. Y.D. More Investments Ltd lifted its stake in shares of 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 during the last quarter. Sierra Ocean LLC purchased a new stake in Regions Financial in the 4th quarter valued at about $28,000. Picton Mahoney Asset Management lifted its position in Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock valued at $29,000 after buying an additional 1,201 shares during the last quarter. Millstone Evans Group LLC purchased a new position in Regions Financial during the fourth quarter worth about $32,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Regions Financial during the third quarter valued at about $37,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Regions Financial

In other news, Director Joia M. Johnson acquired 2,300 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 3,868 shares of company stock worth $86,722 over the last 90 days. Corporate insiders own 0.29% of the company's stock.

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Wall Street Analysts Forecast Growth

RF has been the topic of several recent analyst reports. Barclays upped their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a report on Monday, January 6th. Citigroup lowered their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Truist Financial cut their price objective on Regions Financial from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company lowered their target price on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. Finally, Compass Point boosted their price target on shares of Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Regions Financial presently has an average rating of "Moderate Buy" and an average price target of $26.95.

Regions Financial Stock Down 4.9 %

Shares of NYSE:RF traded down $0.97 on Friday, hitting $18.64. 14,885,113 shares of the company's stock were exchanged, compared to its average volume of 7,879,903. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The company has a market capitalization of $16.88 billion, a PE ratio of 9.61, a P/E/G ratio of 1.93 and a beta of 1.19. The firm's 50-day moving average is $23.00 and its 200 day moving average is $23.90.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates 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 firm posted $0.39 earnings per share. Sell-side analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 5.36%. Regions Financial's dividend payout ratio (DPR) is presently 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.