211,744 Shares in Regions Financial Co. (NYSE:RF) Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC bought a new stake in Regions Financial Co. (NYSE:RF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 211,744 shares of the bank's stock, valued at approximately $4,980,000.

Other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC grew its stake in Regions Financial by 2.5% in the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock valued at $411,000 after purchasing an additional 420 shares in the last quarter. Prossimo Advisors LLC grew its stake in shares of Regions Financial by 2.3% in the fourth quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock valued at $453,000 after buying an additional 430 shares in the last quarter. Greenleaf Trust increased its holdings in Regions Financial by 1.8% during the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock worth $573,000 after buying an additional 436 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in Regions Financial by 2.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after buying an additional 436 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in Regions Financial by 0.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 70,822 shares of the bank's stock worth $1,666,000 after acquiring an additional 529 shares in the last quarter. Institutional investors own 79.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Citigroup dropped their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Truist Financial reduced their target price on Regions Financial from $24.00 to $21.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $25.53.

Regions Financial Price Performance

Shares of RF traded up $0.11 during mid-day trading on Thursday, reaching $20.52. The company had a trading volume of 5,091,599 shares, compared to its average volume of 8,092,283. The company's 50 day simple moving average is $20.95 and its 200 day simple moving average is $23.40. The company has a market capitalization of $18.58 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 1.93 and a beta of 1.01. 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.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Analysts expect that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's payout ratio is 48.08%.

Insider Transactions at Regions Financial

In related news, Director Joia M. Johnson acquired 2,300 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, for a total transaction 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 approximately $370,353.48. This trade represents a 15.15 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.29% of the company's stock.

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.