Regions Financial Co. (NYSE:RF) Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Regions Financial Co. (NYSE:RF - Free Report) by 216.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 175,831 shares of the bank's stock after purchasing an additional 120,301 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Regions Financial were worth $4,137,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Y.D. More Investments Ltd increased its stake in Regions Financial by 122.9% in the 4th 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 purchased a new position in shares of Regions Financial during the fourth quarter valued at about $28,000. Picton Mahoney Asset Management grew its position in shares of Regions Financial by 2,354.9% during the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock valued at $29,000 after purchasing an additional 1,201 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of Regions Financial during the fourth quarter valued at about $32,000. Finally, Creative Capital Management Investments LLC purchased a new position in shares of Regions Financial during the fourth quarter valued at about $44,000. 79.39% of the stock is owned by institutional investors.

Regions Financial Trading Up 0.8 %

Shares of Regions Financial stock traded up $0.17 on Thursday, hitting $20.58. 1,723,826 shares of the company traded hands, compared to its average volume of 8,079,266. The stock's 50 day moving average price is $20.95 and its 200-day moving average price is $23.40. The company has a current ratio of 0.84, a quick ratio of 0.83 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 cap of $18.63 billion, a PE ratio of 10.61, a PEG ratio of 1.93 and a beta of 1.01.

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 return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the business earned $0.37 earnings per share. Equities research analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors 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 4.86%. The ex-dividend date is Monday, June 2nd. Regions Financial's dividend payout ratio (DPR) is currently 48.08%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RF. Wells Fargo & Company cut their price objective on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Stephens cut their price objective on Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group cut their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Truist Financial dropped their price target on Regions Financial from $24.00 to $21.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Finally, Barclays dropped their price target on Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $25.53.

Insider Buying and Selling

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 purchased at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.29% of the stock is currently owned by company insiders.

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.