Regions Financial Corporation (NYSE:RF) Shares Sold by Oakworth Capital Inc.

Oakworth Capital Inc. lowered its position in Regions Financial Corporation (NYSE:RF - Free Report) by 15.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,852 shares of the bank's stock after selling 15,157 shares during the quarter. Oakworth Capital Inc.'s holdings in Regions Financial were worth $1,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management increased its stake in Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock valued at $29,000 after purchasing an additional 1,201 shares during the period. Millstone Evans Group LLC purchased a new position in shares of Regions Financial during the fourth quarter worth about $32,000. Grove Bank & Trust increased its position in Regions Financial by 76.6% in the 1st quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock valued at $41,000 after acquiring an additional 814 shares during the period. TD Waterhouse Canada Inc. raised its stake in Regions Financial by 181.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,225 shares of the bank's stock valued at $76,000 after acquiring an additional 2,078 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in Regions Financial by 20.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,316 shares of the bank's stock worth $86,000 after acquiring an additional 567 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Price Performance

Shares of NYSE:RF opened at $23.39 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.84. The business's fifty day moving average price is $21.48 and its two-hundred day moving average price is $22.40. The stock has a market cap of $21.03 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.82 and a beta of 0.96. Regions Financial Corporation has a one year low of $17.74 and a one year 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The company 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 period in the prior year, the firm earned $0.37 EPS. On average, analysts forecast that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 4.27%. Regions Financial's dividend payout ratio (DPR) is presently 48.08%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on RF shares. The Goldman Sachs Group dropped their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Barclays dropped their price objective on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. reduced their target price on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Truist Financial reiterated a "hold" rating on shares of Regions Financial in a research note on Friday, May 23rd. Finally, Cowen started coverage on shares of Regions Financial in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Regions Financial presently has an average rating of "Moderate Buy" and an average target price of $25.80.

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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