O Shaughnessy Asset Management LLC Purchases 463,358 Shares of Regions Financial Co. (NYSE:RF)

O Shaughnessy Asset Management LLC grew its position in shares of Regions Financial Co. (NYSE:RF) by 172.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 732,700 shares of the bank’s stock after buying an additional 463,358 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Regions Financial were worth $17,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Life Planning Partners Inc acquired a new stake in Regions Financial in the 4th quarter worth about $125,000. Schroder Investment Management Group increased its holdings in shares of Regions Financial by 21.1% during the fourth quarter. Schroder Investment Management Group now owns 1,128,242 shares of the bank’s stock worth $26,694,000 after purchasing an additional 196,328 shares during the period. MV Capital Management Inc. raised its position in shares of Regions Financial by 158.0% in the fourth quarter. MV Capital Management Inc. now owns 3,782 shares of the bank’s stock valued at $89,000 after buying an additional 2,316 shares in the last quarter. Allstate Corp bought a new stake in shares of Regions Financial in the fourth quarter valued at approximately $641,000. Finally, Orion Portfolio Solutions LLC increased its stake in Regions Financial by 149.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 22,419 shares of the bank’s stock worth $527,000 after acquiring an additional 13,423 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insiders Place Their Bets

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the acquisition, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. The trade was a 15.15 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 3,868 shares of company stock worth $86,722. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

RF has been the subject of a number of recent analyst reports. Compass Point upped their target price on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler upped their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Barclays raised their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, January 6th. Truist Financial cut their price target on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a report on Friday, March 21st. Finally, Morgan Stanley restated an “equal weight” rating and set a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Regions Financial presently has a consensus rating of “Moderate Buy” and an average price target of $27.17.

Regions Financial Price Performance

Shares of NYSE:RF opened at $21.42 on Monday. The firm has a market cap of $19.39 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The firm’s fifty day moving average is $23.25 and its 200-day moving average is $23.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the company posted $0.39 EPS. The business’s revenue was up .2% on a year-over-year basis. Sell-side analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s dividend payout ratio is presently 51.55%.

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.