National Pension Service Has $49.04 Million Stake in Regions Financial Corporation $RF

National Pension Service increased its holdings in shares of Regions Financial Corporation (NYSE:RF) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,809,511 shares of the bank’s stock after acquiring an additional 44,429 shares during the period. National Pension Service’s holdings in Regions Financial were worth $49,038,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in RF. Victory Capital Management Inc. boosted its holdings in Regions Financial by 52.9% during the third quarter. Victory Capital Management Inc. now owns 13,523,714 shares of the bank’s stock worth $357,417,000 after purchasing an additional 4,679,285 shares during the last quarter. Qube Research & Technologies Ltd raised its position in Regions Financial by 286.2% during the third quarter. Qube Research & Technologies Ltd now owns 4,022,031 shares of the bank’s stock worth $106,061,000 after acquiring an additional 2,980,505 shares in the last quarter. AQR Capital Management LLC raised its position in Regions Financial by 151.2% during the third quarter. AQR Capital Management LLC now owns 3,939,544 shares of the bank’s stock worth $103,886,000 after acquiring an additional 2,371,048 shares in the last quarter. American Century Companies Inc. raised its position in Regions Financial by 85.9% during the third quarter. American Century Companies Inc. now owns 4,625,557 shares of the bank’s stock worth $121,976,000 after acquiring an additional 2,137,062 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new stake in Regions Financial during the third quarter worth $54,349,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Brean Capital assumed coverage on shares of Regions Financial in a research report on Thursday, March 12th. They set a “neutral” rating on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $32.00 price target on shares of Regions Financial in a research report on Tuesday, March 3rd. UBS Group reaffirmed a “neutral” rating and set a $30.00 price target on shares of Regions Financial in a research report on Wednesday, February 4th. Royal Bank Of Canada upped their price target on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Finally, Piper Sandler dropped their price target on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Regions Financial has a consensus rating of “Hold” and a consensus target price of $30.47.

Insider Buying and Selling at Regions Financial

In other news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by insiders.

Regions Financial Price Performance

Shares of RF opened at $28.00 on Monday. The firm has a market capitalization of $23.89 billion, a PE ratio of 11.67, a PEG ratio of 1.09 and a beta of 1.00. The company’s 50-day moving average is $27.23 and its 200-day moving average is $27.41. Regions Financial Corporation has a fifty-two week low of $20.79 and a fifty-two week high of $31.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. Equities analysts forecast that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a $0.265 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 annualized dividend and a dividend yield of 3.8%. Regions Financial’s dividend payout ratio is presently 44.17%.

Regions Financial Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.