Regions Financial Co. (NYSE:RF) Shares Sold by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP cut its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 42.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 400,053 shares of the bank's stock after selling 299,947 shares during the period. Hudson Bay Capital Management LP's holdings in Regions Financial were worth $9,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RF. Y.D. More Investments Ltd increased its holdings in Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after buying an additional 634 shares in the last quarter. Sierra Ocean LLC purchased a new position in Regions Financial in the fourth quarter valued at $28,000. Picton Mahoney Asset Management increased its holdings 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 buying an additional 1,201 shares in the last quarter. Millstone Evans Group LLC purchased a new position in Regions Financial in the fourth quarter valued at $32,000. Finally, Creative Capital Management Investments LLC purchased a new position in Regions Financial in the fourth quarter valued at $44,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Down 0.7%

Shares of NYSE RF opened at $21.16 on Monday. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The stock has a market cap of $19.02 billion, a PE ratio of 10.91, a P/E/G ratio of 1.93 and a beta of 0.97. 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 50-day moving average of $20.62 and a 200 day moving average of $23.26.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same quarter in the prior year, the company earned $0.37 EPS. As a group, sell-side analysts predict that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced 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 4.73%. Regions Financial's payout ratio is 48.08%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RF. JPMorgan Chase & Co. cut their price objective on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Truist Financial cut their price objective on shares of Regions Financial from $24.00 to $21.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Barclays cut their price objective 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. Morgan Stanley cut their target price on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Finally, Stephens cut their target price on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $25.53.

Insider Buying and Selling at Regions Financial

In other news, Director Joia M. Johnson bought 2,300 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the acquisition, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. This trade represents a 15.15% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by company insiders.

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.

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