Regions Financial Co. (NYSE:RF) Shares Sold by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. lowered its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 442,182 shares of the bank's stock after selling 11,400 shares during the period. Regions Financial accounts for approximately 1.9% of Stieven Capital Advisors L.P.'s portfolio, making the stock its 26th biggest holding. Stieven Capital Advisors L.P.'s holdings in Regions Financial were worth $10,400,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RF. Quarry LP boosted its stake in Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank's stock worth $40,000 after buying an additional 394 shares during the last quarter. Ballentine Partners LLC boosted its stake in Regions Financial by 2.5% in the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock worth $411,000 after buying an additional 420 shares during the last quarter. Private Advisor Group LLC boosted its stake in Regions Financial by 1.8% in the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank's stock worth $581,000 after buying an additional 429 shares during the last quarter. Greenleaf Trust raised its holdings in shares of Regions Financial by 1.8% in the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock worth $573,000 after purchasing an additional 436 shares during the period. Finally, Resonant Capital Advisors LLC raised its holdings in shares of Regions Financial by 2.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank's stock worth $515,000 after purchasing an additional 506 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

Analysts Set New Price Targets

RF has been the topic of a number of research reports. Piper Sandler raised their price objective on Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. The Goldman Sachs Group raised their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Truist Financial raised their price objective on Regions Financial from $25.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, January 21st. Wells Fargo & Company raised their price objective on Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, November 15th. Finally, Stephens upgraded Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective on the stock in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Regions Financial currently has an average rating of "Moderate Buy" and an average price target of $27.67.

Regions Financial Stock Down 0.4 %

NYSE RF traded down $0.10 during mid-day trading on Wednesday, reaching $24.57. 5,666,404 shares of the company's stock traded hands, compared to its average volume of 7,905,662. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The company has a fifty day simple moving average of $24.20 and a 200-day simple moving average of $23.85. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The company has a market cap of $22.33 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 1.95 and a beta of 1.20.

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. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. Regions Financial's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. As a group, equities research analysts expect that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.07%. Regions Financial's payout ratio is 51.55%.

About Regions Financial

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.