Gulf International Bank UK Ltd Sells 660 Shares of Regions Financial Co. (NYSE:RF)

Gulf International Bank UK Ltd lessened its position in shares of Regions Financial Co. (NYSE:RF) by 0.9% in the 4th quarter, HoldingsChannel reports. The fund owned 73,332 shares of the bank’s stock after selling 660 shares during the period. Gulf International Bank UK Ltd’s holdings in Regions Financial were worth $1,724,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of RF. Mn Services Vermogensbeheer B.V. increased its stake in Regions Financial by 1.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 362,605 shares of the bank’s stock valued at $8,528,000 after purchasing an additional 6,000 shares in the last quarter. Carlson Capital L.P. acquired a new position in Regions Financial during the 4th quarter valued at approximately $503,000. Lake Street Advisors Group LLC increased its stake in Regions Financial by 2.3% during the 4th quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank’s stock valued at $456,000 after purchasing an additional 436 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in Regions Financial by 1,310.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 378,781 shares of the bank’s stock valued at $8,909,000 after purchasing an additional 351,935 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in Regions Financial during the 4th quarter valued at approximately $544,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of NYSE RF opened at $23.71 on Friday. The company’s fifty day moving average price is $24.06 and its 200 day moving average price is $24.02. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The company has a market capitalization of $21.47 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. 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 (NYSE:RF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The company’s revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. On average, research analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.22%. The ex-dividend date is Monday, March 3rd. Regions Financial’s payout ratio is 51.55%.

Analysts Set New Price Targets

RF has been the topic of a number of recent analyst reports. Piper Sandler upped their price target on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Barclays upped their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. The Goldman Sachs Group increased their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Truist Financial increased their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Finally, Citigroup increased their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

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.