Regions Financial Co. (NYSE:RF) Shares Sold by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. lowered its position in Regions Financial Co. (NYSE:RF) by 2.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 442,182 shares of the bank’s stock after selling 11,400 shares during the quarter. Regions Financial makes up about 1.9% of Stieven Capital Advisors L.P.’s holdings, making the stock its 26th largest position. Stieven Capital Advisors L.P.’s holdings in Regions Financial were worth $10,400,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Regions Financial by 16.3% in the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock valued at $1,306,813,000 after buying an additional 7,791,399 shares during the period. National Bank of Canada FI lifted its holdings in Regions Financial by 575.8% in the third quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock valued at $39,784,000 after acquiring an additional 1,452,956 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Regions Financial by 13.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock worth $201,238,000 after purchasing an additional 1,014,706 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 purchasing an additional 816,226 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Regions Financial in the 3rd quarter valued at about $17,589,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Up 1.1 %

Shares of Regions Financial stock opened at $24.32 on Friday. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The business’s fifty day moving average is $24.23 and its two-hundred day moving average is $23.82. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a market cap of $22.10 billion, a PE ratio of 12.53, a P/E/G ratio of 1.97 and a beta of 1.20.

Regions Financial (NYSE:RF) last released its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. Analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.11%. Regions Financial’s dividend payout ratio is presently 51.55%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RF. Piper Sandler boosted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. StockNews.com raised Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their target price 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, Compass Point raised their price target on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Regions Financial presently has an average rating of “Moderate Buy” and an average target price 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.