Regions Financial Co. (NYSE:RF) Shares Sold by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. reduced its holdings in Regions Financial Co. (NYSE:RF) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,888 shares of the bank’s stock after selling 623 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in Regions Financial were worth $303,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RF. State Street Corp increased its stake in Regions Financial by 16.3% in the third quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock valued at $1,306,813,000 after purchasing an additional 7,791,399 shares during the last quarter. National Bank of Canada FI increased its stake in Regions Financial by 575.8% in the third quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock valued at $39,784,000 after purchasing an additional 1,452,956 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Regions Financial by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank’s stock valued at $686,398,000 after purchasing an additional 1,396,647 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Regions Financial in the fourth quarter valued at $31,480,000. Finally, Allianz Asset Management GmbH increased its stake in Regions Financial by 247.0% in the fourth quarter. Allianz Asset Management GmbH now owns 1,738,571 shares of the bank’s stock valued at $40,891,000 after purchasing an additional 1,237,538 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Regions Financial

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of Regions Financial stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders acquired 4,523 shares of company stock valued at $102,269. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RF shares. Barclays upped their target price on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. Compass Point boosted their price target on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Truist Financial boosted their price target on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Citigroup lowered their price target on Regions Financial from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their price target on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Regions Financial Trading Up 2.9 %

Shares of RF opened at $21.45 on Friday. The company has a market capitalization of $19.42 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a 50-day moving average price of $23.67 and a 200 day moving average price of $23.99.

Regions Financial (NYSE:RF) last issued 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. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. Regions Financial’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 earnings per share. Sell-side analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s dividend payout ratio is currently 51.55%.

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.