Regions Financial Corporation $RF Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its position in shares of Regions Financial Corporation (NYSE:RF) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 202,122 shares of the bank’s stock after selling 28,026 shares during the period. Truist Financial Corp’s holdings in Regions Financial were worth $5,477,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial during the second quarter worth about $25,000. United Community Bank acquired a new position in Regions Financial in the 3rd quarter valued at about $30,000. Spire Wealth Management increased its position in Regions Financial by 91.5% in the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock valued at $32,000 after acquiring an additional 557 shares during the period. Princeton Global Asset Management LLC increased its position in Regions Financial by 260.4% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock valued at $32,000 after acquiring an additional 854 shares during the period. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new position in Regions Financial in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Performance

NYSE RF opened at $27.65 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $27.07 and its two-hundred day moving average is $27.06. Regions Financial Corporation has a 12-month low of $20.79 and a 12-month high of $31.53. The stock has a market capitalization of $23.87 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.08 and a beta of 1.02.

Regions Financial (NYSE:RF) last released its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. Research analysts expect that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a dividend of $0.265 per share. The ex-dividend date is Monday, June 1st. This represents a $1.06 annualized dividend and a yield of 3.8%. Regions Financial’s payout ratio is presently 44.17%.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RF shares. Royal Bank Of Canada boosted their price target on Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Wells Fargo & Company cut Regions Financial from an “equal weight” rating to an “underweight” rating and set a $30.00 price target on the stock. in a research report on Friday, January 16th. JPMorgan Chase & Co. dropped their price target on Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Brean Capital started coverage on Regions Financial in a research report on Thursday, March 12th. They issued a “neutral” rating on the stock. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $32.00 price target on shares of Regions Financial in a research report on Tuesday, March 3rd. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $30.12.

Regions Financial Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.