Barclays PLC Reduces Position in Regions Financial Corporation $RF

Barclays PLC cut its holdings in shares of Regions Financial Corporation (NYSE:RF) by 1.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,178,420 shares of the bank’s stock after selling 76,135 shares during the quarter. Barclays PLC’s holdings in Regions Financial were worth $167,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of RF. Darwin Wealth Management LLC bought a new position in Regions Financial in the second quarter valued at about $25,000. SouthState Bank Corp raised its stake in shares of Regions Financial by 94.1% in the fourth quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after buying an additional 538 shares during the period. Spire Wealth Management raised its stake in shares of Regions Financial by 91.5% in the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after buying an additional 557 shares during the period. Princeton Global Asset Management LLC raised its stake in shares of Regions Financial by 260.4% in the fourth quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after buying an additional 854 shares during the period. Finally, Leonteq Securities AG bought a new position in shares of Regions Financial in the fourth quarter worth about $33,000. Institutional investors own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

RF has been the topic of several recent research reports. Royal Bank Of Canada raised their price objective on Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Stephens assumed coverage on Regions Financial in a research note on Monday. They set an “equal weight” rating and a $31.00 target price on the stock. Brean Capital assumed coverage on Regions Financial in a research note on Thursday, March 12th. They set a “neutral” rating on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $32.00 target price on shares of Regions Financial in a research note on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. decreased their target price on Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Regions Financial has an average rating of “Hold” and an average target price of $30.73.

Regions Financial Stock Performance

NYSE RF opened at $28.60 on Tuesday. The stock has a market capitalization of $24.41 billion, a PE ratio of 11.92, a P/E/G ratio of 1.14 and a beta of 1.00. The business has a 50 day simple moving average of $27.83 and a two-hundred day simple moving average of $27.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. Regions Financial Corporation has a 1-year low of $21.40 and a 1-year high of $31.53.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. On average, research analysts predict that Regions Financial Corporation will post 2.61 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, June 1st. Regions Financial’s dividend payout ratio (DPR) is currently 44.17%.

Insiders Place Their Bets

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by corporate insiders.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.