Crossmark Global Holdings Inc. Buys 19,741 Shares of Regions Financial Corporation (NYSE:RF)

Crossmark Global Holdings Inc. raised its holdings in Regions Financial Corporation (NYSE:RF - Free Report) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 516,421 shares of the bank's stock after buying an additional 19,741 shares during the period. Crossmark Global Holdings Inc. owned 0.06% of Regions Financial worth $11,222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Picton Mahoney Asset Management boosted its holdings in shares of Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock worth $29,000 after buying an additional 1,201 shares during the period. Millstone Evans Group LLC bought a new stake in shares of Regions Financial during the 4th quarter worth about $32,000. Rossby Financial LCC bought a new stake in shares of Regions Financial during the 1st quarter worth about $36,000. Grove Bank & Trust boosted its holdings in shares of Regions Financial by 76.6% during the 1st quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock worth $41,000 after buying an additional 814 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Regions Financial by 181.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,225 shares of the bank's stock worth $76,000 after buying an additional 2,078 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Stephens reissued an "overweight" rating and issued a $24.00 price objective on shares of Regions Financial in a report on Tuesday, June 3rd. Citigroup boosted their price objective on shares of Regions Financial from $26.00 to $27.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Wells Fargo & Company cut 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. The Goldman Sachs Group cut their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Truist Financial restated a "hold" rating on shares of Regions Financial in a research report on Friday, May 23rd. One investment 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. Based on data from MarketBeat, Regions Financial has a consensus rating of "Moderate Buy" and an average target price of $26.15.

Regions Financial Trading Up 0.1%

Shares of RF stock traded up $0.03 during trading hours on Wednesday, hitting $24.69. 8,090,374 shares of the company's stock traded hands, compared to its average volume of 8,381,666. The stock has a market cap 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 company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.36. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.96. The stock's 50 day simple moving average is $22.16 and its 200 day simple moving average is $22.37.

Regions Financial (NYSE:RF - Get Free Report) last released its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a net margin of 21.43% and a return on equity of 13.04%. During the same quarter in the previous year, the business earned $0.37 earnings per share. On average, sell-side analysts anticipate that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Monday, June 2nd. Regions Financial's dividend payout ratio is currently 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.