Thrivent Financial for Lutherans Decreases Stock Holdings in Regions Financial Co. (NYSE:RF)

Thrivent Financial for Lutherans lessened its stake in Regions Financial Co. (NYSE:RF) by 4.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 76,130 shares of the bank’s stock after selling 3,323 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Regions Financial were worth $1,810,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. LBP AM SA raised its stake in shares of Regions Financial by 149.4% during the 4th quarter. LBP AM SA now owns 730,614 shares of the bank’s stock worth $17,184,000 after acquiring an additional 437,691 shares in the last quarter. Aigen Investment Management LP purchased a new position in Regions Financial during the 4th quarter worth $1,965,000. Aprio Wealth Management LLC purchased a new position in Regions Financial during the 4th quarter worth $1,247,000. Nordea Investment Management AB raised its stake in Regions Financial by 60.4% in the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock valued at $6,220,000 after buying an additional 99,115 shares during the last quarter. Finally, Vest Financial LLC boosted its holdings in Regions Financial by 20.4% in the fourth quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock worth $34,806,000 after acquiring an additional 250,729 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RF shares. Compass Point lifted their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Citigroup lowered their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Truist Financial lowered their price target on Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Wells Fargo & Company cut their price objective on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Piper Sandler raised their price target 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.17.

Insider Activity at Regions Financial

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders bought 3,993 shares of company stock valued at $89,682. 0.29% of the stock is owned by insiders.

Regions Financial Stock Down 2.3 %

Shares of RF opened at $21.42 on Friday. The firm has a market cap of $19.39 billion, a P/E ratio of 11.04, a PEG ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96. The stock’s 50 day moving average is $23.25 and its two-hundred day moving average is $23.93. 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) last issued its quarterly earnings results 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 net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm earned $0.39 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

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