Tredje AP fonden Has $2.85 Million Stake in Regions Financial Corporation $RF

Tredje AP fonden raised its position in Regions Financial Corporation (NYSE:RF) by 63.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 105,322 shares of the bank’s stock after acquiring an additional 41,004 shares during the period. Tredje AP fonden’s holdings in Regions Financial were worth $2,854,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of RF. Handelsbanken Fonder AB boosted its position in Regions Financial by 49.5% during the fourth quarter. Handelsbanken Fonder AB now owns 160,112 shares of the bank’s stock valued at $4,339,000 after purchasing an additional 52,996 shares during the last quarter. Csenge Advisory Group raised its position in shares of Regions Financial by 28.2% in the fourth quarter. Csenge Advisory Group now owns 98,168 shares of the bank’s stock valued at $2,660,000 after purchasing an additional 21,585 shares during the period. ProShare Advisors LLC raised its holdings in Regions Financial by 29.0% in the 4th quarter. ProShare Advisors LLC now owns 242,692 shares of the bank’s stock valued at $6,577,000 after acquiring an additional 54,567 shares during the period. HighTower Advisors LLC lifted its holdings in Regions Financial by 7.1% during the 4th quarter. HighTower Advisors LLC now owns 216,701 shares of the bank’s stock worth $5,873,000 after purchasing an additional 14,402 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Regions Financial by 3.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 676,863 shares of the bank’s stock worth $18,343,000 after buying an additional 22,710 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Trading Down 0.4%

NYSE RF opened at $26.86 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of $26.89 and a 200-day moving average price of $27.21. Regions Financial Corporation has a 52 week low of $20.79 and a 52 week high of $31.53. The company has a market cap of $22.92 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.05 and a beta of 1.02.

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

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Monday, June 1st. Regions Financial’s payout ratio is currently 44.17%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RF shares. JPMorgan Chase & Co. cut their price target on Regions Financial from $31.50 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. DA Davidson lifted their price target on shares of Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a report on Monday, April 20th. Brean Capital began coverage on Regions Financial in a research report on Thursday, March 12th. They issued a “neutral” rating for the company. Piper Sandler dropped their price target on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $32.00 price objective on shares of Regions Financial in a research note on Tuesday, March 3rd. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Regions Financial presently has a consensus rating of “Hold” and a consensus price target of $30.06.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the company’s 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.34% of the company’s stock.

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.