Dimensional Fund Advisors LP Sells 952,572 Shares of Regions Financial Co. (NYSE:RF)

Dimensional Fund Advisors LP lessened its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,224,388 shares of the bank's stock after selling 952,572 shares during the quarter. Dimensional Fund Advisors LP owned 1.42% of Regions Financial worth $256,304,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its holdings 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 buying an additional 750 shares in the last quarter. HM Payson & Co. raised its holdings in Regions Financial by 2,000.0% during the third quarter. HM Payson & Co. now owns 2,100 shares of the bank's stock worth $36,000 after purchasing an additional 2,000 shares during the last quarter. West Paces Advisors Inc. boosted its position in Regions Financial by 277.2% during the third quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank's stock worth $41,000 after purchasing an additional 1,752 shares in the last quarter. Baker Avenue Asset Management LP grew its holdings 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 purchasing an additional 1,000 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Regions Financial by 113.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,492 shares of the bank's stock valued at $45,000 after buying an additional 1,322 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Trading Up 0.9 %

RF stock traded up $0.17 during midday trading on Tuesday, reaching $20.10. 7,291,183 shares of the company's stock traded hands, compared to its average volume of 8,488,300. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $21.08. The business has a 50-day moving average price of $19.71 and a two-hundred day moving average price of $18.49. The company has a market capitalization of $18.41 billion, a P/E ratio of 10.92, a PEG ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82.

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

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a dividend of $0.24 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.78%. Regions Financial's payout ratio is currently 52.17%.

Insider Activity

In other Regions Financial news, Director William C. Rhodes III bought 50,000 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average cost of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the purchase, the director now directly owns 50,000 shares of the company's stock, valued at $968,500. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP William D. Ritter sold 23,000 shares of the company's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $19.95, for a total value of $458,850.00. Following the sale, the executive vice president now directly owns 41,671 shares of the company's stock, valued at $831,336.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William C. Rhodes III acquired 50,000 shares of Regions Financial stock in a transaction on Tuesday, April 23rd. The shares were bought at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the purchase, the director now directly owns 50,000 shares in the company, valued at $968,500. The disclosure for this purchase can be found here. Insiders own 0.33% of the company's stock.

Analyst Ratings Changes

RF has been the subject of several recent research reports. Argus downgraded Regions Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, January 23rd. Piper Sandler boosted their target price on shares of Regions Financial from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, April 26th. Keefe, Bruyette & Woods raised their price target 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 boosted their price objective for the company from $20.00 to $23.00 in a research report on Monday, March 18th. Finally, Evercore ISI raised their target price on shares of Regions Financial from $20.00 to $22.00 and gave the stock an "in-line" rating in a research report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $20.34.

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.