Regions Financial Co. (NYSE:RF) Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its stake in Regions Financial Co. (NYSE:RF) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 362,605 shares of the bank’s stock after purchasing an additional 6,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Regions Financial were worth $8,528,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RF. Carlson Capital L.P. bought a new stake in shares of Regions Financial during the 4th quarter valued at about $503,000. Lake Street Advisors Group LLC grew its position in shares of 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 buying an additional 436 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in shares of 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 buying an additional 351,935 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of Regions Financial during the 4th quarter valued at about $544,000. Finally, Rothschild Investment LLC grew its position in shares of Regions Financial by 12.1% during the 4th quarter. Rothschild Investment LLC now owns 23,478 shares of the bank’s stock valued at $552,000 after buying an additional 2,537 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

RF has been the subject of a number of recent research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Piper Sandler upped their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group upped their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Compass Point upped their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company upped their target price on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Regions Financial presently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Stock Up 1.3 %

RF stock opened at $23.71 on Friday. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96. The firm has a market cap of $21.47 billion, a PE ratio of 12.22, a P/E/G ratio of 1.93 and a beta of 1.20. The firm has a 50 day simple moving average of $24.06 and a 200 day simple moving average of $24.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

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

Regions Financial Announces Dividend

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

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.