LBP AM SA reduced its position in Regions Financial Corporation (NYSE:RF - Free Report) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 703,292 shares of the bank's stock after selling 27,322 shares during the period. LBP AM SA owned about 0.08% of Regions Financial worth $15,283,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in RF. Norges Bank purchased a new stake in shares of Regions Financial during the 4th quarter valued at about $279,103,000. Invesco Ltd. raised its stake in Regions Financial by 14.5% during the 4th quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock valued at $363,823,000 after buying an additional 1,963,954 shares during the last quarter. Deutsche Bank AG lifted its holdings 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 valued at $129,892,000 after buying an additional 1,907,121 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Regions Financial in the 4th quarter worth $31,480,000. Finally, Northern Trust Corp increased its position in Regions Financial by 14.8% during the fourth quarter. Northern Trust Corp now owns 9,658,858 shares of the bank's stock valued at $227,176,000 after acquiring an additional 1,247,882 shares during the last quarter. 79.39% of the stock is owned by institutional investors.
Regions Financial Trading Down 0.6%
RF stock traded down $0.16 during mid-day trading on Friday, reaching $24.68. The company had a trading volume of 6,445,149 shares, compared to its average volume of 8,375,697. The company has a market capitalization of $22.19 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.98. The firm has a 50 day moving average of $22.34 and a 200 day moving average of $22.39. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.84 and a quick ratio of 0.83.
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, beating the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 13.04% and a net margin of 21.43%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the firm posted $0.37 earnings per share. On average, equities analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.
Regions Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 2nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.05%. The ex-dividend date was Monday, June 2nd. Regions Financial's payout ratio is 48.08%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Citigroup upped their price target on shares of Regions Financial from $26.00 to $27.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Jefferies Financial Group assumed coverage on Regions Financial in a research report on Wednesday, May 21st. They set a "hold" rating and a $24.00 price objective on the stock. Truist Financial reiterated a "hold" rating on shares of Regions Financial in a research note on Friday, May 23rd. Wells Fargo & Company dropped their price target on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Finally, Keefe, Bruyette & Woods dropped their price target on Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. 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. Based on data from MarketBeat, Regions Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.15.
Check Out Our Latest Stock Analysis on Regions Financial
About Regions Financial
(
Free Report)
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.
Featured Articles
Before you consider Regions Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Regions Financial wasn't on the list.
While Regions Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
