Brooklyn FI LLC Takes $337,000 Position in Regions Financial Co. (NYSE:RF)

Brooklyn FI LLC purchased a new stake in Regions Financial Co. (NYSE:RF - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,632 shares of the bank's stock, valued at approximately $337,000.

Several other hedge funds also recently modified their holdings of RF. Prossimo Advisors LLC raised its position in shares of Regions Financial by 2.3% in the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock worth $453,000 after acquiring an additional 430 shares in the last quarter. Greenleaf Trust grew its stake 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 purchasing an additional 436 shares during the period. Lake Street Advisors Group LLC increased its holdings in Regions Financial by 2.3% in the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after purchasing an additional 436 shares in the last quarter. Lido Advisors LLC lifted its stake in Regions Financial by 2.6% in the fourth quarter. Lido Advisors LLC now owns 22,291 shares of the bank's stock valued at $530,000 after buying an additional 558 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Regions Financial by 20.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,316 shares of the bank's stock worth $86,000 after buying an additional 567 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RF. Jefferies Financial Group began coverage on shares of Regions Financial in a research note on Wednesday, May 21st. They issued a "hold" rating and a $24.00 price objective for the company. Truist Financial reaffirmed a "hold" rating on shares of Regions Financial in a research note on Friday, May 23rd. Barclays dropped their price objective on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Morgan Stanley reduced their target price on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Finally, Wells Fargo & Company decreased their target price 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Regions Financial currently has an average 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 Regions Financial 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 purchase, the director now owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This represents a 15.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company's stock.

Regions Financial Stock Performance

NYSE RF traded down $0.15 during trading hours on Friday, reaching $21.42. 12,193,658 shares of the company were exchanged, compared to its average volume of 8,156,350. The stock has a market capitalization of $19.26 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.93 and a beta of 0.97. 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 1 year low of $17.72 and a 1 year high of $27.96. The business's 50 day simple moving average is $20.69 and its 200-day simple moving average is $22.99.

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

Regions Financial Announces Dividend

The firm also recently disclosed 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. This represents a $1.00 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio (DPR) is presently 48.08%.

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.