National Pension Service Has $36.45 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

National Pension Service reduced its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,549,738 shares of the bank's stock after selling 172,286 shares during the period. National Pension Service owned about 0.17% of Regions Financial worth $36,450,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of RF. AMF Tjanstepension AB acquired a new stake in Regions Financial in the 3rd quarter valued at $6,281,000. Private Advisor Group LLC grew its holdings in shares of Regions Financial by 1.8% in the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank's stock valued at $581,000 after acquiring an additional 429 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Regions Financial by 2,128.2% in the third quarter. International Assets Investment Management LLC now owns 98,797 shares of the bank's stock valued at $2,305,000 after acquiring an additional 94,363 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Regions Financial by 5.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 151,663 shares of the bank's stock worth $3,538,000 after acquiring an additional 7,811 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Regions Financial by 1.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 277,006 shares of the bank's stock valued at $6,367,000 after purchasing an additional 4,963 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RF has been the topic of several recent analyst reports. Truist Financial boosted their price target on Regions Financial from $25.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, January 21st. The Goldman Sachs Group boosted their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Wells Fargo & Company upped 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 report on Friday, November 15th. Piper Sandler lifted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. Finally, Barclays upped their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Regions Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.67.

Regions Financial Stock Performance

NYSE:RF traded up $0.17 during mid-day trading on Monday, hitting $23.63. 517,642 shares of the stock were exchanged, compared to its average volume of 7,782,409. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The firm's 50-day simple moving average is $24.06 and its 200 day simple moving average is $24.04. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.

Regions Financial (NYSE:RF - Get Free Report) last posted its 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. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm earned $0.39 earnings per share. The company's revenue was up .2% on a year-over-year basis. As a group, equities analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial's dividend 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.