Regions Financial Co. (NYSE:RF) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. trimmed its position in Regions Financial Co. (NYSE:RF) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,489 shares of the bank’s stock after selling 2,133 shares during the period. Moors & Cabot Inc.’s holdings in Regions Financial were worth $364,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RF. Y.D. More Investments Ltd raised its position in shares of Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after buying an additional 634 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Regions Financial in the 4th quarter valued at about $28,000. Truvestments Capital LLC purchased a new position in Regions Financial in the 3rd quarter worth approximately $37,000. Legacy Investment Solutions LLC acquired a new position in shares of Regions Financial during the 3rd quarter worth approximately $37,000. Finally, Quarry LP grew its position in shares of Regions Financial by 29.5% in the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after purchasing an additional 394 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Stock Up 2.9 %

Shares of Regions Financial stock opened at $21.45 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96. The company has a market capitalization of $19.42 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.93 and a beta of 1.19. The company has a 50 day moving average of $23.67 and a 200 day moving average of $24.00.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 EPS. As a group, research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given 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 4.66%. Regions Financial’s dividend payout ratio is currently 51.55%.

Insider Activity

In related news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price 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 approximately $370,353.48. This represents a 15.15 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 4,523 shares of company stock worth $102,269. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RF has been the topic of a number of recent research reports. Compass Point boosted their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Barclays boosted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Citigroup cut their price objective on shares of Regions Financial from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Finally, Truist Financial raised their price target 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.56.

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.