Kintegral Advisory LLC Sells 4,518 Shares of Regions Financial Co. (NYSE:RF)

Kintegral Advisory LLC cut its stake in Regions Financial Co. (NYSE:RF) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,973 shares of the bank’s stock after selling 4,518 shares during the quarter. Kintegral Advisory LLC’s holdings in Regions Financial were worth $2,306,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Y.D. More Investments Ltd raised its stake in shares of Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after acquiring an additional 634 shares in the last quarter. Sierra Ocean LLC purchased a new position in Regions Financial in the fourth quarter worth $28,000. Truvestments Capital LLC acquired a new position in shares of Regions Financial during the third quarter worth $37,000. Legacy Investment Solutions LLC purchased a new stake in shares of Regions Financial during the 3rd quarter valued at $37,000. Finally, Quarry LP boosted its position in shares of Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after purchasing an additional 394 shares in the last quarter. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Down 2.8 %

Shares of RF opened at $23.39 on Friday. The company has a market capitalization of $21.26 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 1.93 and a beta of 1.20. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The stock’s 50-day moving average price is $24.11 and its 200-day moving average price is $23.92. 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 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, sell-side analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company 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 $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.28%. Regions Financial’s payout ratio is 51.55%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RF. Piper Sandler upped their target price on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective on the stock in a report on Tuesday, October 29th. Compass Point lifted 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. Wells Fargo & Company boosted their target price on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods raised shares of Regions Financial from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $27.00 to $28.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Regions Financial 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.