Gulf International Bank UK Ltd Sells 660 Shares of Regions Financial Co. (NYSE:RF)

Gulf International Bank UK Ltd reduced its stake in Regions Financial Co. (NYSE:RF) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,332 shares of the bank’s stock after selling 660 shares during the period. Gulf International Bank UK Ltd’s holdings in Regions Financial were worth $1,724,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Y.D. More Investments Ltd increased its holdings in shares of 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 buying an additional 634 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Regions Financial in the 4th quarter worth about $28,000. Truvestments Capital LLC bought a new stake in shares of Regions Financial in the 3rd quarter worth about $37,000. Legacy Investment Solutions LLC bought a new stake in shares of Regions Financial in the 3rd quarter worth about $37,000. Finally, Quarry LP increased its holdings in shares of Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after buying an additional 394 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RF shares. Truist Financial boosted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Piper Sandler upped their price target on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Citigroup upped their price target on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, The Goldman Sachs Group upped their price target on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Price Performance

Shares of RF opened at $23.71 on Friday. The company has a 50 day moving average price of $24.06 and a 200-day moving average price of $24.02. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The stock has a market capitalization of $21.47 billion, a PE ratio of 12.22, a PEG ratio of 1.93 and a beta of 1.20. 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 (NYSE:RF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share 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 firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the company earned $0.39 EPS. The company’s revenue was up .2% compared to the same quarter last year. Equities analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.22%. Regions Financial’s payout ratio is presently 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.