Mutual of America Capital Management LLC Has $2.41 Million Position in Regions Financial Co. (NYSE:RF)

Mutual of America Capital Management LLC lowered its holdings in shares of Regions Financial Co. (NYSE:RF) by 5.2% during the fourth quarter, HoldingsChannel reports. The firm owned 124,450 shares of the bank’s stock after selling 6,844 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Regions Financial were worth $2,412,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in Regions Financial in the 4th quarter valued at approximately $201,607,000. First Trust Advisors LP raised its position in Regions Financial by 296.5% in the 1st quarter. First Trust Advisors LP now owns 10,552,656 shares of the bank’s stock valued at $234,902,000 after buying an additional 7,891,037 shares during the last quarter. Wellington Management Group LLP raised its position in Regions Financial by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 53,824,390 shares of the bank’s stock valued at $925,780,000 after buying an additional 4,160,768 shares during the last quarter. Bahl & Gaynor Inc. raised its position in Regions Financial by 162.1% in the 3rd quarter. Bahl & Gaynor Inc. now owns 5,904,595 shares of the bank’s stock valued at $101,559,000 after buying an additional 3,651,390 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in Regions Financial in the 2nd quarter valued at approximately $53,327,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RF. Barclays reissued an “underweight” rating and issued a $22.00 target price (up previously from $20.00) on shares of Regions Financial in a research report on Tuesday, January 2nd. Truist Financial boosted their price target on Regions Financial from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday, April 1st. Keefe, Bruyette & Woods boosted their price target on Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Jefferies Financial Group raised Regions Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $15.00 to $22.00 in a research report on Tuesday, January 9th. Finally, Citigroup raised Regions Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $23.00 in a research report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Regions Financial has an average rating of “Hold” and a consensus price target of $20.39.

Regions Financial Stock Performance

Shares of NYSE RF opened at $18.91 on Friday. The stock has a 50 day moving average of $19.32 and a 200-day moving average of $17.99. The company has a market capitalization of $17.38 billion, a P/E ratio of 9.05, a P/E/G ratio of 1.36 and a beta of 1.21. Regions Financial Co. has a 12 month low of $13.72 and a 12 month high of $21.08. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. As a group, equities research analysts predict that Regions Financial Co. will post 1.98 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.24 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.96 annualized dividend and a yield of 5.08%. Regions Financial’s dividend payout ratio (DPR) is presently 45.93%.

Regions Financial Company 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.