Baird Financial Group Inc. Sells 21,753 Shares of Regions Financial Co. (NYSE:RF)

Baird Financial Group Inc. lessened its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,757 shares of the bank's stock after selling 21,753 shares during the quarter. Baird Financial Group Inc.'s holdings in Regions Financial were worth $1,970,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd increased its holdings in shares of Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after buying an additional 634 shares in the last quarter. Sierra Ocean LLC bought a new stake in Regions Financial during the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management grew its position in Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock worth $29,000 after acquiring an additional 1,201 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in Regions Financial during the 4th quarter valued at $32,000. Finally, Creative Capital Management Investments LLC bought a new position in Regions Financial in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Trading Up 0.6%

Regions Financial stock traded up $0.14 during midday trading on Friday, hitting $22.60. 4,804,807 shares of the stock were exchanged, compared to its average volume of 8,090,025. The stock has a market capitalization of $20.31 billion, a PE ratio of 11.65, a P/E/G ratio of 1.93 and a beta of 0.97. The company has a fifty day simple moving average of $20.66 and a two-hundred day simple moving average of $23.23. 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.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly 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 company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period last year, the firm posted $0.37 earnings per share. Equities research analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 4.43%. Regions Financial's dividend payout ratio is presently 48.08%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Stephens lowered their target price on Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Truist Financial decreased their price target on shares of Regions Financial from $24.00 to $21.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Keefe, Bruyette & Woods reduced their price objective on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. TD Cowen assumed coverage on Regions Financial in a research note on Thursday. They issued a "buy" rating and a $31.00 target price for the company. Finally, Morgan Stanley dropped their target price on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $25.80.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, for a total transaction of $48,714.00. Following 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.29% of the company's stock.

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.