Blue Trust Inc. Decreases Stake in Regions Financial Co. (NYSE:RF)

Blue Trust Inc. lowered its position in Regions Financial Co. (NYSE:RF) by 61.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,828 shares of the bank’s stock after selling 14,366 shares during the period. Blue Trust Inc.’s holdings in Regions Financial were worth $208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RF. State Street Corp raised its holdings in shares of Regions Financial by 16.3% during the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock worth $1,306,813,000 after acquiring an additional 7,791,399 shares during the period. National Bank of Canada FI raised its holdings in shares of Regions Financial by 575.8% during the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock worth $39,784,000 after acquiring an additional 1,452,956 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Regions Financial by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank’s stock worth $648,269,000 after acquiring an additional 816,226 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Regions Financial during the 3rd quarter worth $17,589,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Regions Financial by 2,309.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 653,963 shares of the bank’s stock worth $15,381,000 after acquiring an additional 626,820 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Truist Financial lifted their price target on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Compass Point raised their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $27.00 to $28.00 in a research report on Thursday, October 31st. Wells Fargo & Company raised 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. Finally, StockNews.com raised Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $24.57 on Thursday. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The company has a market cap of $22.33 billion, a PE ratio of 12.66, a P/E/G ratio of 1.95 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. The business has a 50-day simple moving average of $24.17 and a 200-day simple moving average of $23.88.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts forecast that Regions Financial Co. will post 2.26 EPS 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 4.07%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s payout ratio is 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.