Amalgamated Bank Sells 5,977 Shares of Regions Financial Co. (NYSE:RF)

Amalgamated Bank lowered its position in Regions Financial Co. (NYSE:RF) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 234,286 shares of the bank’s stock after selling 5,977 shares during the quarter. Amalgamated Bank’s holdings in Regions Financial were worth $4,540,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its stake in shares of Regions Financial by 103.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after purchasing an additional 750 shares in the last quarter. HM Payson & Co. lifted 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 buying an additional 2,000 shares during the period. West Paces Advisors Inc. boosted its position in Regions Financial by 277.2% during the 3rd 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 in the last quarter. Baker Avenue Asset Management LP increased its holdings in shares of Regions Financial by 69.4% in the 3rd 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. Finally, Global Retirement Partners LLC raised its position in shares of Regions Financial by 113.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,492 shares of the bank’s stock worth $45,000 after acquiring an additional 1,322 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Regions Financial

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

Regions Financial Price Performance

Shares of NYSE RF opened at $19.65 on Wednesday. Regions Financial Co. has a 52 week low of $13.72 and a 52 week high of $21.08. The business’s 50 day moving average price is $19.61 and its 200 day moving average price is $18.29. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm has a market cap of $18.06 billion, a P/E ratio of 10.68, a P/E/G ratio of 1.45 and a beta of 1.21.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The firm’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 EPS. On average, sell-side analysts expect that Regions Financial Co. will post 1.95 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.96 annualized dividend and a dividend yield of 4.89%. Regions Financial’s dividend payout ratio (DPR) is presently 52.17%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RF shares. Piper Sandler raised their price objective on Regions Financial from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Royal Bank of Canada increased their target price on shares of Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Stephens reiterated an “equal weight” rating and set a $21.00 price objective on shares of Regions Financial in a report on Tuesday, January 23rd. Finally, Argus downgraded Regions Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, eleven have given 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 a consensus price target of $20.34.

Regions Financial 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.