Nisa Investment Advisors LLC Sells 34,795 Shares of Regions Financial Co. (NYSE:RF)

Nisa Investment Advisors LLC cut its stake in Regions Financial Co. (NYSE:RF) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,708 shares of the bank’s stock after selling 34,795 shares during the period. Nisa Investment Advisors LLC’s holdings in Regions Financial were worth $7,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. American National Bank & Trust boosted its stake in shares of Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,114 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Regions Financial during the first quarter valued at $26,000. Quarry LP boosted its position in Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after acquiring an additional 816 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,256 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in Regions Financial during the second quarter valued at $32,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Trading Up 0.8 %

NYSE:RF opened at $24.06 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market cap of $22.03 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 2.54 and a beta of 1.17. Regions Financial Co. has a 52 week low of $14.27 and a 52 week high of $24.47. The firm has a 50-day moving average price of $23.04 and a two-hundred day moving average price of $21.10.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. On average, equities analysts expect that Regions Financial Co. will post 2.05 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.16%. Regions Financial’s payout ratio is currently 54.35%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stephens raised shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research report on Tuesday. Truist Financial upped their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Wedbush upped their price target on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. Finally, Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.06.

Regions Financial Company 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.