Barclays PLC Sells 1,238,346 Shares of Regions Financial Co. (NYSE:RF)

Barclays PLC lowered its holdings in shares of Regions Financial Co. (NYSE:RF) by 31.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,638,291 shares of the bank’s stock after selling 1,238,346 shares during the period. Barclays PLC’s holdings in Regions Financial were worth $62,052,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Orion Portfolio Solutions LLC acquired a new position in Regions Financial during the 3rd quarter worth about $210,000. MML Investors Services LLC lifted its stake in shares of Regions Financial by 7.7% in the third quarter. MML Investors Services LLC now owns 71,669 shares of the bank’s stock worth $1,672,000 after acquiring an additional 5,101 shares during the period. World Investment Advisors LLC boosted its holdings in Regions Financial by 14.5% in the third quarter. World Investment Advisors LLC now owns 15,837 shares of the bank’s stock valued at $369,000 after acquiring an additional 2,010 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Regions Financial during the 3rd quarter valued at approximately $56,000. Finally, Tidal Investments LLC increased its position in Regions Financial by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 127,326 shares of the bank’s stock valued at $2,971,000 after purchasing an additional 2,531 shares during the period. Institutional investors own 79.39% of the company’s stock.

Insider Activity at Regions Financial

In other news, Director Joia M. Johnson purchased 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders purchased 3,343 shares of company stock valued at $74,348. 0.29% of the stock is owned by insiders.

Regions Financial Trading Down 1.2 %

RF opened at $19.20 on Thursday. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The firm has a market capitalization of $17.38 billion, a PE ratio of 9.90, a P/E/G ratio of 1.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The company’s 50-day moving average is $21.79 and its 200 day moving average is $23.60.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.21%. Regions Financial’s dividend payout ratio (DPR) is currently 51.55%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RF shares. Wells Fargo & Company reduced their price objective on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Truist Financial cut their price target on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. JPMorgan Chase & Co. lowered their price objective on Regions Financial from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Barclays upped their target price on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Finally, Citigroup dropped their price target on Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.42.

About Regions Financial

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.