Regions Financial Co. (NYSE:RF) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC raised its position in Regions Financial Co. (NYSE:RF) by 11.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 163,117 shares of the bank’s stock after purchasing an additional 17,086 shares during the period. Natixis Advisors LLC’s holdings in Regions Financial were worth $3,837,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Regions Financial by 16.3% during the third quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock valued at $1,306,813,000 after acquiring an additional 7,791,399 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Regions Financial by 575.8% during 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 acquiring an additional 1,452,956 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Regions Financial by 5.0% during 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 acquiring an additional 1,396,647 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Regions Financial during the fourth quarter valued at $31,480,000. Finally, Allianz Asset Management GmbH boosted its stake in shares of Regions Financial by 247.0% during the fourth quarter. Allianz Asset Management GmbH now owns 1,738,571 shares of the bank’s stock valued at $40,891,000 after acquiring an additional 1,237,538 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson bought 2,300 shares of the company’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 acquisition, the director now owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have purchased 3,993 shares of company stock worth $89,682. 0.29% of the stock is currently owned by company insiders.

Regions Financial Stock Performance

Shares of NYSE:RF opened at $21.68 on Friday. The company has a market cap of $19.63 billion, a P/E ratio of 11.17, a PEG ratio of 1.93 and a beta of 1.19. 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 Co. has a one year low of $17.72 and a one year high of $27.96. The business’s 50-day simple moving average is $23.46 and its 200 day simple moving average is $23.95.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion for 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%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. On average, sell-side analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.61%. Regions Financial’s payout ratio is currently 51.55%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Piper Sandler increased their target price on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Truist Financial reduced their target price on Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Friday. Compass Point increased their target price on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays increased their target price on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group increased their target price on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.44.

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.