Yousif Capital Management LLC Has $2.61 Million Position in Regions Financial Co. (NYSE:RF)

Yousif Capital Management LLC lessened its position in shares of Regions Financial Co. (NYSE:RF) by 2.0% in the fourth quarter, HoldingsChannel reports. The fund owned 134,533 shares of the bank’s stock after selling 2,800 shares during the period. Yousif Capital Management LLC’s holdings in Regions Financial were worth $2,607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Regions Financial by 2.7% during the third quarter. Vanguard Group Inc. now owns 114,585,518 shares of the bank’s stock worth $1,970,871,000 after buying an additional 2,982,310 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Regions Financial by 8.4% in the third quarter. Wellington Management Group LLP now owns 53,824,390 shares of the bank’s stock worth $925,780,000 after purchasing an additional 4,160,768 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Regions Financial by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 20,169,876 shares of the bank’s stock valued at $346,922,000 after purchasing an additional 618,384 shares in the last quarter. Invesco Ltd. lifted its position in Regions Financial by 15.1% during the third quarter. Invesco Ltd. now owns 11,086,142 shares of the bank’s stock worth $190,682,000 after purchasing an additional 1,455,499 shares during the period. Finally, Northern Trust Corp increased its holdings in Regions Financial by 13.4% in the 3rd quarter. Northern Trust Corp now owns 10,761,543 shares of the bank’s stock valued at $185,099,000 after buying an additional 1,268,045 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director William C. Rhodes III acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was purchased at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the acquisition, the director now directly owns 50,000 shares in the company, valued at approximately $968,500. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

RF has been the topic of several analyst reports. Evercore ISI increased their price target on shares of Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Royal Bank of Canada lifted their price target on Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, January 22nd. StockNews.com downgraded Regions Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Truist Financial decreased their target price on Regions Financial from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. Finally, Barclays reissued an “underweight” rating and issued a $22.00 target price (up previously from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Regions Financial has a consensus rating of “Hold” and an average target price of $20.34.

Regions Financial Price Performance

Shares of RF opened at $19.66 on Tuesday. The firm has a market cap of $18.06 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. Regions Financial Co. has a 52-week low of $13.72 and a 52-week high of $21.08. The business’s 50 day moving average price is $19.46 and its two-hundred day moving average price is $18.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83.

Regions Financial (NYSE:RF) last released its earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The firm’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 EPS. On average, equities analysts anticipate that Regions Financial Co. will post 1.95 EPS for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.88%. Regions Financial’s dividend payout ratio (DPR) is presently 52.17%.

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.