Regions Financial Co. (NYSE:RF) Shares Sold by Tredje AP fonden

Tredje AP fonden cut its position in Regions Financial Co. (NYSE:RF) by 50.0% in the fourth quarter, Holdings Channel reports. The firm owned 49,101 shares of the bank’s stock after selling 49,100 shares during the period. Tredje AP fonden’s holdings in Regions Financial were worth $1,155,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd boosted its position in shares of Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Regions Financial in the 4th quarter valued at about $28,000. Truvestments Capital LLC acquired a new stake in shares of Regions Financial in the 3rd quarter valued at about $37,000. Legacy Investment Solutions LLC acquired a new stake in shares of Regions Financial in the 3rd quarter valued at about $37,000. Finally, Quarry LP boosted its position in shares of Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after purchasing an additional 394 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Regions Financial

In other news, Director Joia M. Johnson acquired 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $21.18 per share, with a total value of $48,714.00. Following the purchase, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders bought 4,523 shares of company stock valued at $102,269 in the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on RF shares. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 target price (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Wells Fargo & Company increased their price objective on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Piper Sandler increased their price objective on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Barclays increased their price objective on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group increased their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Regions Financial Stock Performance

Shares of RF stock opened at $21.45 on Friday. The company has a market cap of $19.42 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The stock has a 50 day simple moving average of $23.67 and a 200-day simple moving average of $23.99. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

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

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.66%. The ex-dividend date is Monday, March 3rd. Regions Financial’s payout ratio is currently 51.55%.

About Regions Financial

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.