LPL Financial LLC Boosts Holdings in Regions Financial Co. (NYSE:RF)

LPL Financial LLC lifted its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 939,376 shares of the bank's stock after buying an additional 36,438 shares during the quarter. LPL Financial LLC owned about 0.10% of Regions Financial worth $22,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. KLP Kapitalforvaltning AS bought a new stake in shares of Regions Financial during the 4th quarter valued at $7,334,000. AXQ Capital LP purchased a new position in Regions Financial during the 4th quarter valued at about $438,000. Intellus Advisors LLC purchased a new position in Regions Financial during the 4th quarter valued at about $353,000. Sei Investments Co. boosted its stake in Regions Financial by 6.9% during the fourth quarter. Sei Investments Co. now owns 678,633 shares of the bank's stock worth $15,962,000 after acquiring an additional 43,737 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its holdings in Regions Financial by 45.2% in the fourth quarter. Mizuho Securities USA LLC now owns 86,140 shares of the bank's stock worth $2,026,000 after purchasing an additional 26,799 shares during the period. 79.39% of the stock is owned by institutional investors.

Insider Buying and Selling at Regions Financial

In other news, Director Joia M. Johnson purchased 2,300 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders purchased 3,868 shares of company stock valued at $86,722. Company insiders own 0.29% of the company's stock.

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Regions Financial Stock Performance

Shares of NYSE RF traded up $0.46 during midday trading on Wednesday, hitting $22.03. 7,365,488 shares of the company's stock traded hands, compared to its average volume of 8,618,337. The firm has a fifty day moving average of $23.13 and a 200 day moving average of $23.94. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. 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 stock has a market capitalization of $19.95 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $0.39 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. On average, analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.54%. Regions Financial's dividend payout ratio (DPR) is presently 51.55%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler lifted their price target on Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Barclays lifted their target price 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. Compass Point increased their price target on shares of Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Citigroup decreased their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Monday, March 24th. Finally, 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 research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $27.17.

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.