Regions Financial Co. (NYSE:RF) Shares Purchased by World Investment Advisors

World Investment Advisors grew its holdings in shares of Regions Financial Co. (NYSE:RF) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,749 shares of the bank’s stock after acquiring an additional 912 shares during the quarter. World Investment Advisors’ holdings in Regions Financial were worth $397,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Y.D. More Investments Ltd increased its stake in shares of Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after acquiring an additional 634 shares during the period. Sierra Ocean LLC bought a new stake in shares of Regions Financial in the 4th quarter worth $28,000. Picton Mahoney Asset Management raised its stake in shares of Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after buying an additional 1,201 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Regions Financial in the fourth quarter valued at $32,000. Finally, Quarry LP boosted its stake in Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after buying an additional 394 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Down 2.5 %

NYSE:RF opened at $18.22 on Wednesday. The company has a market capitalization of $16.49 billion, a P/E ratio of 9.39, a P/E/G ratio of 1.93 and a beta of 1.01. The stock’s 50 day moving average price is $22.50 and its 200 day moving average price is $23.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. Regions Financial’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. On average, research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 5.49%. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RF. Morgan Stanley cut their price target on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday. JPMorgan Chase & Co. reduced their target price 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. Barclays upped their price target on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, January 6th. Truist Financial decreased their target price on Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Finally, Wells Fargo & Company reduced their target price on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.42.

Insider Buying and Selling

In related news, Director Joia M. Johnson acquired 2,300 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders bought 3,868 shares of company stock valued at $86,722. Company insiders own 0.29% of the company’s stock.

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.