Regions Financial Corporation $RF Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC trimmed its holdings in Regions Financial Corporation (NYSE:RF) by 87.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,762 shares of the bank’s stock after selling 27,351 shares during the quarter. International Assets Investment Management LLC’s holdings in Regions Financial were worth $102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RF. Darwin Wealth Management LLC bought a new position in Regions Financial in the 2nd quarter worth approximately $25,000. United Community Bank bought a new position in Regions Financial in the 3rd quarter worth approximately $30,000. Spire Wealth Management grew its holdings in Regions Financial by 91.5% in the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after buying an additional 557 shares in the last quarter. Princeton Global Asset Management LLC grew its holdings in Regions Financial by 260.4% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after buying an additional 854 shares in the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. bought a new position in Regions Financial in the 4th quarter worth approximately $35,000. 79.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. DA Davidson increased their price objective on Regions Financial from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $31.00 price objective on shares of Regions Financial in a report on Tuesday, January 20th. Morgan Stanley decreased their price objective on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. UBS Group reissued a “neutral” rating and issued a $30.00 price objective on shares of Regions Financial in a report on Wednesday, February 4th. Finally, Truist Financial reissued a “hold” rating and issued a $30.00 price objective on shares of Regions Financial in a report on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.06.

Insider Activity

In other news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is owned by insiders.

Regions Financial Price Performance

RF opened at $26.65 on Friday. The stock has a fifty day moving average of $26.91 and a 200-day moving average of $27.15. The firm has a market capitalization of $22.75 billion, a P/E ratio of 11.11, a PEG ratio of 1.05 and a beta of 1.02. Regions Financial Corporation has a 12-month low of $20.79 and a 12-month high of $31.53. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18.

Regions Financial (NYSE:RF) last released its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. Equities analysts forecast that Regions Financial Corporation will post 2.61 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.265 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.0%. Regions Financial’s dividend payout ratio is presently 44.17%.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.