Natixis Has $1.75 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

Natixis grew its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 425.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,575 shares of the bank's stock after buying an additional 60,394 shares during the quarter. Natixis' holdings in Regions Financial were worth $1,754,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RF. Norinchukin Bank The grew its position in shares of Regions Financial by 7.6% in the 4th quarter. Norinchukin Bank The now owns 40,051 shares of the bank's stock worth $942,000 after acquiring an additional 2,825 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Regions Financial by 246.9% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 82,353 shares of the bank's stock worth $1,937,000 after purchasing an additional 58,610 shares during the last quarter. First Trust Advisors LP boosted its holdings in Regions Financial by 7.7% in the fourth quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank's stock worth $401,097,000 after purchasing an additional 1,224,645 shares during the period. GeoWealth Management LLC increased its stake in Regions Financial by 84.5% during the fourth quarter. GeoWealth Management LLC now owns 17,622 shares of the bank's stock valued at $414,000 after purchasing an additional 8,070 shares during the last quarter. Finally, Arvest Bank Trust Division acquired a new stake in shares of Regions Financial during the fourth quarter worth $204,000. Institutional investors and hedge funds own 79.39% of the company's stock.

Analyst Ratings Changes

RF has been the subject of several research reports. Barclays decreased their price target 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. Keefe, Bruyette & Woods decreased their target price 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. JPMorgan Chase & Co. dropped their price target on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Truist Financial reduced their price objective on Regions Financial from $24.00 to $21.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $25.53.

Insider Activity

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the purchase, the director now directly owns 17,486 shares in the company, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.29% of the company's stock.

Regions Financial Price Performance

NYSE:RF traded down $0.02 during midday trading on Monday, hitting $20.26. 889,878 shares of the stock were exchanged, compared to its average volume of 8,079,003. The business has a 50-day moving average price of $21.16 and a two-hundred day moving average price of $23.47. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $18.35 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 1.93 and a beta of 1.01. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96.

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, topping analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the business earned $0.37 EPS. Sell-side analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

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. This represents a $1.00 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Monday, June 2nd. Regions Financial's payout ratio is 48.08%.

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.