AMF Tjanstepension AB lessened its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 78.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,920 shares of the bank's stock after selling 212,283 shares during the period. AMF Tjanstepension AB's holdings in Regions Financial were worth $1,339,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd raised its stake in Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after acquiring an additional 634 shares during the last quarter. Sierra Ocean LLC purchased a new position in Regions Financial in the 4th quarter worth $28,000. Truvestments Capital LLC purchased a new position in Regions Financial in the 3rd quarter worth $37,000. Legacy Investment Solutions LLC purchased a new position in Regions Financial in the 3rd quarter worth $37,000. Finally, Quarry LP grew its position in Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank's stock worth $40,000 after purchasing an additional 394 shares during the period. Hedge funds and other institutional investors own 79.39% of the company's stock.
Several equities research analysts have weighed in on RF shares. Citigroup increased their price target on Regions Financial from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Truist Financial increased their price target on Regions Financial from $25.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, January 21st. Barclays increased their price target on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research report on Monday, January 6th. Wells Fargo & Company increased their price target on Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, November 15th. Finally, Piper Sandler increased their price target on Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Regions Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.67.
Get Our Latest Research Report on Regions Financial
Shares of Regions Financial stock opened at $22.10 on Friday. The firm has a market capitalization of $20.01 billion, a PE ratio of 11.39, a P/E/G ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The firm's 50-day moving average price is $23.90 and its 200 day moving average price is $24.05. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.
Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. Regions Financial's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. On average, sell-side analysts predict that Regions Financial Co. will post 2.26 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial's dividend payout ratio (DPR) is 51.55%.
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.
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