Regions Financial Co. (NYSE:RF) Shares Sold by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. trimmed its stake in shares of Regions Financial Co. (NYSE:RF) by 10.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,907 shares of the bank’s stock after selling 1,542 shares during the period. Meeder Advisory Services Inc.’s holdings in Regions Financial were worth $272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC lifted its stake in shares of Regions Financial by 86.5% in the fourth quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock worth $27,000 after buying an additional 649 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in shares of Regions Financial in the fourth quarter worth about $28,000. Sound Income Strategies LLC lifted its stake in shares of Regions Financial by 103.2% in the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after buying an additional 750 shares in the last quarter. Glassman Wealth Services lifted its stake in shares of Regions Financial by 163.3% in the fourth quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock worth $30,000 after buying an additional 967 shares in the last quarter. Finally, MV Capital Management Inc. raised its stake in Regions Financial by 75.6% during the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after purchasing an additional 618 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on RF shares. Truist Financial lifted their target price on shares of Regions Financial from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Monday, July 8th. Evercore ISI reduced their target price on shares of Regions Financial from $22.00 to $21.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Morgan Stanley reduced their target price on shares of Regions Financial from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday, April 22nd. Piper Sandler lifted their target price on shares of Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Finally, Jefferies Financial Group lifted their target price on shares of Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Regions Financial currently has an average rating of “Hold” and an average price target of $20.39.

Regions Financial Stock Up 2.9 %

Shares of RF stock traded up $0.61 during trading on Tuesday, reaching $21.61. The company’s stock had a trading volume of 2,028,452 shares, compared to its average volume of 8,033,606. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market capitalization of $19.79 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 2.34 and a beta of 1.18. The stock’s 50-day moving average price is $19.39 and its 200 day moving average price is $19.23. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $21.65.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The business had revenue of $1.75 billion during 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 company’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. On average, research analysts anticipate that Regions Financial Co. will post 1.96 EPS for the current year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 4.44%. Regions Financial’s dividend payout ratio is currently 52.17%.

Insider Buying and Selling

In other news, Director William C. Rhodes III purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was bought at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at $968,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director William C. Rhodes III purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was bought at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at $968,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William D. Ritter sold 23,000 shares of Regions Financial stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $19.95, for a total transaction of $458,850.00. Following the completion of the transaction, the executive vice president now owns 41,671 shares of the company’s stock, valued at approximately $831,336.45. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

About Regions Financial

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.