Regions Financial Co. (NYSE:RF) Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lessened its stake in Regions Financial Co. (NYSE:RF - Free Report) by 31.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 32,538 shares of the bank's stock after selling 14,651 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Regions Financial were worth $765,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in RF. Y.D. More Investments Ltd increased its position in 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 during the period. Sierra Ocean LLC acquired a new position in shares of Regions Financial in the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management increased its holdings in shares of Regions Financial by 2,354.9% in 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 during the period. Millstone Evans Group LLC acquired a new position in shares of Regions Financial in the fourth quarter valued at approximately $32,000. Finally, Creative Capital Management Investments LLC purchased a new stake in shares of Regions Financial in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Insider Transactions at Regions Financial

In related news, Director Joia M. Johnson bought 2,300 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now directly 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 can be accessed through this hyperlink. Company insiders own 0.29% of the company's stock.

Regions Financial Trading Up 0.4%

Regions Financial stock traded up $0.09 during trading on Thursday, hitting $21.42. The company's stock had a trading volume of 2,585,998 shares, compared to its average volume of 8,115,329. The stock has a market capitalization of $19.25 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 1.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The stock's fifty day moving average is $20.72 and its 200 day moving average is $23.06. Regions Financial Co. has a 1-year low of $17.72 and a 1-year 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 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same period in the prior year, the firm posted $0.37 earnings per share. As a group, equities research analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's payout ratio is 48.08%.

Analyst Upgrades and Downgrades

RF has been the topic of a number of analyst reports. Morgan Stanley decreased their price target on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. Citigroup decreased their price target 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. Jefferies Financial Group initiated coverage on Regions Financial in a research note on Wednesday, May 21st. They issued a "hold" rating and a $24.00 price target on the stock. Barclays decreased their target price on Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Finally, Truist Financial reiterated a "hold" rating on shares of Regions Financial in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $25.80.

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.