Regions Financial Co. (NYSE:RF) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,619 shares of the bank's stock after acquiring an additional 17,293 shares during the period. Tidal Investments LLC's holdings in Regions Financial were worth $3,401,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank purchased a new position in Regions Financial during the fourth quarter worth $279,103,000. Invesco Ltd. lifted its holdings in Regions Financial by 14.5% in the 4th quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock valued at $363,823,000 after purchasing an additional 1,963,954 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Regions Financial by 52.7% during the 4th quarter. Deutsche Bank AG now owns 5,522,612 shares of the bank's stock worth $129,892,000 after purchasing an additional 1,907,121 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Regions Financial by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock worth $686,398,000 after buying an additional 1,396,647 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Regions Financial in the fourth quarter valued at approximately $31,480,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Insiders Place Their Bets

In related news, Director Joia M. Johnson bought 2,300 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost 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 filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RF has been the topic of several analyst reports. Cowen started coverage on Regions Financial in a report on Wednesday, May 14th. They set a "buy" rating on the stock. TD Cowen started coverage on Regions Financial in a research note on Thursday, May 15th. They issued a "buy" rating and a $31.00 price target on the stock. The Goldman Sachs Group dropped their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Truist Financial decreased their price target on shares of Regions Financial from $24.00 to $21.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods dropped their price objective on Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $25.80.

Regions Financial Trading Down 4.1%

NYSE:RF opened at $21.34 on Thursday. The stock has a market cap of $19.18 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. 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 business's 50-day simple moving average is $20.75 and its 200 day simple moving average is $23.18.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The firm 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 period in the prior year, the firm posted $0.37 EPS. As a group, sell-side analysts predict that Regions Financial Co. will post 2.26 earnings per share 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date is Monday, June 2nd. Regions Financial's dividend payout ratio is presently 48.08%.

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.

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