Regions Financial Co. (NYSE:RF) Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC trimmed its holdings in Regions Financial Co. (NYSE:RF) by 9.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,109 shares of the bank’s stock after selling 2,523 shares during the period. V Square Quantitative Management LLC’s holdings in Regions Financial were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Citigroup Inc. grew its holdings in shares of Regions Financial by 20.0% in the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock valued at $35,445,000 after purchasing an additional 253,708 shares during the period. Aprio Wealth Management LLC purchased a new stake in shares of Regions Financial in the fourth quarter valued at about $1,247,000. Nordea Investment Management AB grew its holdings in shares of 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 purchasing an additional 99,115 shares during the period. Commerce Bank grew its holdings in shares of Regions Financial by 392.5% in the third quarter. Commerce Bank now owns 248,325 shares of the bank’s stock valued at $5,793,000 after purchasing an additional 197,900 shares during the period. Finally, Vest Financial LLC grew its holdings in shares of Regions Financial by 20.4% in the fourth quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock valued at $34,806,000 after purchasing an additional 250,729 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Up 1.1 %

Shares of NYSE:RF opened at $24.32 on Friday. The firm’s 50 day moving average price is $24.23 and its 200 day moving average price is $23.82. The stock has a market cap of $22.10 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. 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 (NYSE:RF) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.11%. Regions Financial’s payout ratio is currently 51.55%.

Wall Street Analysts Forecast Growth

RF has been the subject of several research analyst reports. Stephens raised shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a research note on Tuesday, October 29th. Compass Point increased 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. Wedbush increased their target price on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Piper Sandler increased their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Barclays increased their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

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.