Regions Financial Corporation $RF Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Regions Financial Corporation by 14.9%, now holding approximately 10.17 million shares worth around $221 million.
• Regions Financial recently announced a quarterly dividend increase to $0.265 from its previous $0.25, reflecting a positive trend in its dividend policy.
• Analysts have varied views on Regions Financial, with one investment analyst issuing a sell rating, while numerous others assign a consensus rating of "Moderate Buy" with a target price averaging $27.33.

Dimensional Fund Advisors LP lessened its stake in Regions Financial Corporation (NYSE:RF - Free Report) by 14.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,174,626 shares of the bank's stock after selling 1,785,931 shares during the period. Dimensional Fund Advisors LP owned 1.13% of Regions Financial worth $221,061,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its holdings in Regions Financial by 12.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 55,499 shares of the bank's stock valued at $1,303,000 after purchasing an additional 6,010 shares in the last quarter. Mariner LLC boosted its holdings in Regions Financial by 11.1% in the 4th quarter. Mariner LLC now owns 147,721 shares of the bank's stock valued at $3,474,000 after purchasing an additional 14,760 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Regions Financial by 14.5% in the 4th quarter. NewEdge Advisors LLC now owns 106,637 shares of the bank's stock valued at $2,508,000 after purchasing an additional 13,538 shares in the last quarter. Marshall Wace LLP boosted its holdings in Regions Financial by 1,862.9% in the 4th quarter. Marshall Wace LLP now owns 692,502 shares of the bank's stock valued at $16,288,000 after purchasing an additional 657,222 shares in the last quarter. Finally, GeoWealth Management LLC boosted its stake in shares of Regions Financial by 84.5% during the 4th quarter. GeoWealth Management LLC now owns 17,622 shares of the bank's stock worth $414,000 after acquiring an additional 8,070 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on RF shares. Truist Financial reissued a "hold" rating on shares of Regions Financial in a research note on Friday, May 23rd. Stephens upped their target price on Regions Financial from $24.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Morgan Stanley upped their target price on Regions Financial from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods upped their target price on Regions Financial from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, Cowen began coverage on Regions Financial in a research note on Wednesday, May 14th. They issued a "buy" rating on the stock. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $27.33.

Regions Financial Trading Up 4.0%

RF traded up $1.02 during trading on Friday, hitting $26.76. The company's stock had a trading volume of 17,468,627 shares, compared to its average volume of 15,238,814. The firm's 50 day moving average price is $24.69 and its 200-day moving average price is $22.66. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $23.88 billion, a PE ratio of 12.45, a PEG ratio of 1.54 and a beta of 1.01. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings results on Friday, July 18th. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.Regions Financial's revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS. On average, analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be issued a $0.265 dividend. This is a boost from Regions Financial's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. This represents a $1.06 annualized dividend and a yield of 4.0%. Regions Financial's payout ratio is presently 46.51%.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Roger W. Jenkins purchased 4,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was bought at an average cost of $25.48 per share, for a total transaction of $101,920.00. Following the acquisition, the director owned 6,383 shares of the company's stock, valued at approximately $162,638.84. The trade was a 167.86% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David R. Keenan sold 30,000 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total value of $750,300.00. Following the completion of the transaction, the executive vice president owned 90,915 shares of the company's stock, valued at $2,273,784.15. This trade represents a 24.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.