Natixis Advisors LLC Purchases 59,236 Shares of Regions Financial Corporation $RF

Natixis Advisors LLC grew its position in shares of Regions Financial Corporation (NYSE:RF) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 477,680 shares of the bank’s stock after buying an additional 59,236 shares during the quarter. Natixis Advisors LLC’s holdings in Regions Financial were worth $12,945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake 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 buying an additional 4,679,285 shares during the last quarter. Norges Bank bought a new stake in shares of Regions Financial during the fourth quarter valued at approximately $254,564,000. LSV Asset Management grew its stake in shares of Regions Financial by 4.0% during the fourth quarter. LSV Asset Management now owns 9,286,352 shares of the bank’s stock valued at $251,660,000 after purchasing an additional 357,101 shares during the last quarter. Barclays PLC grew its stake in shares of Regions Financial by 12.4% during the third quarter. Barclays PLC now owns 6,254,555 shares of the bank’s stock valued at $164,933,000 after purchasing an additional 689,313 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Regions Financial by 1.6% during the third quarter. Legal & General Group Plc now owns 5,805,951 shares of the bank’s stock valued at $153,103,000 after purchasing an additional 93,389 shares during the last quarter. 79.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction that occurred on 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 link. 0.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank Of Canada increased their price target on shares of Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Piper Sandler decreased 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 note on Monday, March 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $32.00 price target on shares of Regions Financial in a research note on Tuesday, March 3rd. Morgan Stanley decreased their price target on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Finally, DA Davidson increased their price target on shares of Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Regions Financial has a consensus rating of “Hold” and a consensus price target of $30.47.

Regions Financial Trading Up 0.5%

Shares of NYSE RF opened at $28.57 on Friday. The company’s 50 day simple moving average is $27.48 and its 200 day simple moving average is $27.49. Regions Financial Corporation has a fifty-two week low of $21.40 and a fifty-two week high of $31.53. The firm has a market capitalization of $24.38 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.11 and a beta of 1.00. 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 announced 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. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the business posted $0.54 earnings per share. Regions Financial’s revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, June 1st. Regions Financial’s dividend payout ratio is currently 44.17%.

Regions Financial Company 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.