Regions Financial Co. (NYSE:RF) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. decreased its stake in Regions Financial Co. (NYSE:RF - Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,652,820 shares of the bank's stock after selling 167,440 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.18% of Regions Financial worth $38,875,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RF. LBP AM SA raised its position in shares of Regions Financial by 149.4% in the fourth quarter. LBP AM SA now owns 730,614 shares of the bank's stock worth $17,184,000 after acquiring an additional 437,691 shares during the period. Aigen Investment Management LP purchased a new position in shares of Regions Financial in the 4th quarter valued at about $1,965,000. Aprio Wealth Management LLC acquired a new position in Regions Financial in the 4th quarter worth about $1,247,000. Nordea Investment Management AB boosted its position in Regions Financial by 60.4% during the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank's stock worth $6,220,000 after purchasing an additional 99,115 shares in the last quarter. Finally, Vest Financial LLC grew its holdings in Regions Financial by 20.4% in the fourth quarter. Vest Financial LLC now owns 1,479,865 shares of the bank's stock valued at $34,806,000 after purchasing an additional 250,729 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RF. JPMorgan Chase & Co. decreased their target price on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Barclays decreased their price objective on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Stephens cut their target price on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group decreased their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Truist Financial lowered their price objective on Regions Financial from $24.00 to $21.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Regions Financial currently has an average rating of "Moderate Buy" and an average price target of $25.53.

Insider Transactions at Regions Financial

In related news, Director Joia M. Johnson bought 2,300 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $21.18 per share, with a total value of $48,714.00. Following the transaction, 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company's stock.

Regions Financial Stock Down 1.3 %

Shares of Regions Financial stock opened at $20.28 on Friday. 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 Co. has a 52-week low of $17.72 and a 52-week high of $27.96. The company has a market capitalization of $18.36 billion, a P/E ratio of 10.45, a P/E/G ratio of 1.93 and a beta of 1.01. The company has a 50 day moving average of $21.16 and a 200 day moving average of $23.46.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same period in the previous year, the company earned $0.37 EPS. As a group, research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.93%. Regions Financial's payout ratio is currently 48.08%.

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.

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