Mizuho Markets Americas LLC Has $2.97 Million Stock Position in Regions Financial Co. (NYSE:RF)

Mizuho Markets Americas LLC increased its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 35.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 153,136 shares of the bank's stock after purchasing an additional 40,200 shares during the quarter. Mizuho Markets Americas LLC's holdings in Regions Financial were worth $2,968,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC bought a new position in Regions Financial during the third quarter valued at approximately $312,000. Assetmark Inc. increased its holdings in Regions Financial by 9.4% during the 3rd quarter. Assetmark Inc. now owns 9,152 shares of the bank's stock valued at $157,000 after purchasing an additional 783 shares during the period. Teacher Retirement System of Texas raised its position in Regions Financial by 2.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 72,693 shares of the bank's stock valued at $1,250,000 after purchasing an additional 2,025 shares during the last quarter. New Mexico Educational Retirement Board raised its holdings in shares of Regions Financial by 7.7% during the third quarter. New Mexico Educational Retirement Board now owns 48,863 shares of the bank's stock valued at $840,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Regions Financial by 11.7% in the third quarter. Daiwa Securities Group Inc. now owns 80,231 shares of the bank's stock worth $1,380,000 after acquiring an additional 8,431 shares during the period. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

Several research firms recently commented on RF. Keefe, Bruyette & Woods boosted 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. Royal Bank of Canada increased their target price on Regions Financial from $19.00 to $21.00 and gave the stock an "outperform" rating in a research note on Monday, January 22nd. StockNews.com lowered Regions Financial from a "hold" rating to a "sell" rating in a research report on Tuesday, February 6th. Truist Financial cut their price objective on shares of Regions Financial from $22.00 to $20.00 and set a "hold" rating on the stock in a research report on Monday, April 22nd. Finally, Argus cut shares of Regions Financial from a "buy" rating to a "hold" rating in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $20.34.

Regions Financial Stock Performance

RF traded up $0.08 during trading on Friday, reaching $20.18. 3,248,438 shares of the company's stock were exchanged, compared to its average volume of 7,767,543. The company's fifty day simple moving average is $19.75 and its 200-day simple moving average is $18.55. The stock has a market capitalization of $18.48 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 1.47 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 Co. has a 1 year low of $13.72 and a 1 year high of $21.08.

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

Regions Financial Dividend Announcement

The firm 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 of this dividend is Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.76%. Regions Financial's dividend payout ratio (DPR) is 52.17%.

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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