Bahl & Gaynor Inc. Sells 1,247,270 Shares of Regions Financial Co. (NYSE:RF)

Bahl & Gaynor Inc. decreased its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 21.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,657,325 shares of the bank's stock after selling 1,247,270 shares during the period. Bahl & Gaynor Inc. owned 0.50% of Regions Financial worth $90,259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC bought a new stake in Regions Financial in the third quarter valued at about $26,000. Sound Income Strategies LLC increased its stake in Regions Financial by 103.2% in the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank's stock valued at $29,000 after acquiring an additional 750 shares during the period. HM Payson & Co. increased its stake in Regions Financial by 2,000.0% in the third quarter. HM Payson & Co. now owns 2,100 shares of the bank's stock valued at $36,000 after acquiring an additional 2,000 shares during the period. West Paces Advisors Inc. increased its stake in Regions Financial by 277.2% in the third quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank's stock valued at $41,000 after acquiring an additional 1,752 shares during the period. Finally, Baker Avenue Asset Management LP increased its stake in Regions Financial by 69.4% in the third quarter. Baker Avenue Asset Management LP now owns 2,441 shares of the bank's stock valued at $42,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RF shares. Truist Financial lowered their target price on shares of Regions Financial from $22.00 to $20.00 and set a "hold" rating on the stock in a research note on Monday, April 22nd. Morgan Stanley decreased their price objective on shares of Regions Financial from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Monday, April 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Regions Financial from $21.00 to $22.00 and gave the stock a "market perform" rating in a research note on Friday, April 5th. Citigroup raised shares of Regions Financial from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $20.00 to $23.00 in a research note on Monday, March 18th. Finally, Stephens reaffirmed an "equal weight" rating and set a $21.00 price objective on shares of Regions Financial in a research note on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Regions Financial presently has a consensus rating of "Hold" and an average target price of $20.34.

Insider Buying and Selling

In other Regions Financial news, Director William C. Rhodes III purchased 50,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were purchased at an average cost of $19.37 per share, for a total transaction of $968,500.00. Following the purchase, the director now owns 50,000 shares of the company's stock, valued at $968,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Regions Financial Stock Up 0.1 %

Shares of RF stock traded up $0.01 during trading hours on Friday, hitting $19.62. 5,245,531 shares of the company were exchanged, compared to its average volume of 7,566,787. Regions Financial Co. has a 52 week low of $13.72 and a 52 week high of $21.08. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $19.43 and a two-hundred day moving average of $18.11. The company has a market capitalization of $18.03 billion, a PE ratio of 10.66, a PEG ratio of 1.43 and a beta of 1.21.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.08). Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the business earned $0.62 earnings per share. The company's revenue was down 10.5% on a year-over-year basis. Analysts anticipate that Regions Financial Co. will post 1.95 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.89%. Regions Financial's payout ratio is 52.17%.

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.