Regions Financial Co. (NYSE:RF) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC increased its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,983 shares of the bank's stock after acquiring an additional 17,692 shares during the period. ProShare Advisors LLC's holdings in Regions Financial were worth $4,774,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of RF. Merit Financial Group LLC bought a new position in shares of Regions Financial in the fourth quarter worth approximately $263,000. Ballentine Partners LLC lifted its stake in shares of Regions Financial by 2.5% in the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock worth $411,000 after buying an additional 420 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Regions Financial by 4.5% in the fourth quarter. Atomi Financial Group Inc. now owns 31,772 shares of the bank's stock worth $747,000 after buying an additional 1,379 shares in the last quarter. Planned Solutions Inc. lifted its stake in shares of Regions Financial by 8.3% in the fourth quarter. Planned Solutions Inc. now owns 10,919 shares of the bank's stock worth $257,000 after buying an additional 835 shares in the last quarter. Finally, Viking Fund Management LLC lifted its stake in shares of Regions Financial by 100.0% in the fourth quarter. Viking Fund Management LLC now owns 6,000 shares of the bank's stock worth $141,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 79.39% of the company's stock.

Regions Financial Trading Down 0.5%

Shares of RF traded down $0.12 during midday trading on Friday, hitting $21.26. The stock had a trading volume of 5,621,293 shares, compared to its average volume of 8,142,004. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The firm has a market cap of $19.11 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The stock's 50 day moving average is $20.74 and its 200 day moving average is $23.11.

Regions Financial (NYSE:RF - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same quarter last year, the firm posted $0.37 EPS. As a group, analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.70%. The ex-dividend date is Monday, June 2nd. Regions Financial's payout ratio is 48.08%.

Analysts Set New Price Targets

Several research firms have recently weighed in on RF. Jefferies Financial Group began coverage on shares of Regions Financial in a report on Wednesday. They set a "hold" rating and a $24.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Wells Fargo & Company decreased their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. Barclays reduced their target price on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Finally, Truist Financial reduced their target price on shares of Regions Financial from $24.00 to $21.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.80.

Insider Buying and Selling at Regions Financial

In other news, Director Joia M. Johnson bought 2,300 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $21.18 per share, with a total value of $48,714.00. Following the acquisition, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company 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.