Mn Services Vermogensbeheer B.V. Has $7.31 Million Stock Position in Regions Financial Co. (NYSE:RF)

Mn Services Vermogensbeheer B.V. trimmed its position in Regions Financial Co. (NYSE:RF - Free Report) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 336,505 shares of the bank's stock after selling 26,100 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Regions Financial were worth $7,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Foster Victor Wealth Advisors LLC increased its position in Regions Financial by 5.4% in the first quarter. Foster Victor Wealth Advisors LLC now owns 304,011 shares of the bank's stock worth $6,606,000 after purchasing an additional 15,652 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Regions Financial by 6.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 243,969 shares of the bank's stock worth $5,301,000 after purchasing an additional 14,720 shares during the period. NorthCrest Asset Manangement LLC increased its position in Regions Financial by 5.3% in the first quarter. NorthCrest Asset Manangement LLC now owns 18,968 shares of the bank's stock worth $412,000 after purchasing an additional 947 shares during the period. Rockland Trust Co. increased its position in Regions Financial by 18.8% in the first quarter. Rockland Trust Co. now owns 65,833 shares of the bank's stock worth $1,431,000 after purchasing an additional 10,409 shares during the period. Finally, Greenwood Capital Associates LLC increased its position in Regions Financial by 42.2% in the first quarter. Greenwood Capital Associates LLC now owns 71,973 shares of the bank's stock worth $1,564,000 after purchasing an additional 21,353 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RF has been the subject of a number of research reports. Truist Financial reiterated a "hold" rating on shares of Regions Financial in a research report on Friday, May 23rd. Stephens restated an "overweight" rating and set a $24.00 target price on shares of Regions Financial in a research report on Tuesday, June 3rd. Citigroup decreased their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, March 24th. JPMorgan Chase & Co. decreased their target price on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. 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 analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $25.80.

Regions Financial Trading Up 0.6%

NYSE RF opened at $21.64 on Tuesday. The stock has a market capitalization of $19.46 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.93 and a beta of 0.96. The stock's 50 day moving average price is $20.99 and its two-hundred day moving average price is $22.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 52 week low of $17.74 and a 52 week high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last released its earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same quarter in the previous year, the business posted $0.37 EPS. As a group, analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's payout ratio is 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.

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