Bahl & Gaynor Inc. Sells 104,255 Shares of Regions Financial Co. (NYSE:RF)

Bahl & Gaynor Inc. cut its position in shares of Regions Financial Co. (NYSE:RF) by 37.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,080 shares of the bank’s stock after selling 104,255 shares during the period. Bahl & Gaynor Inc.’s holdings in Regions Financial were worth $4,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Regions Financial by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank’s stock valued at $686,398,000 after purchasing an additional 1,396,647 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Regions Financial by 44.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 53,014 shares of the bank’s stock valued at $1,247,000 after purchasing an additional 16,271 shares during the last quarter. WMG Financial Advisors LLC lifted its stake in shares of Regions Financial by 1.4% in the 4th quarter. WMG Financial Advisors LLC now owns 54,943 shares of the bank’s stock valued at $1,292,000 after purchasing an additional 750 shares during the last quarter. Plato Investment Management Ltd lifted its stake in shares of Regions Financial by 14,601.9% in the 4th quarter. Plato Investment Management Ltd now owns 7,939 shares of the bank’s stock valued at $187,000 after purchasing an additional 7,885 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Regions Financial by 54.5% in the 4th quarter. Jones Financial Companies Lllp now owns 450,348 shares of the bank’s stock valued at $10,592,000 after purchasing an additional 158,829 shares during the last quarter. 79.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

RF has been the subject of several analyst reports. Truist Financial raised their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Morgan Stanley reissued an “equal weight” rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Wells Fargo & Company raised their price target on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Citigroup raised their price target on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Barclays raised their price target on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Trading Down 3.2 %

RF opened at $22.40 on Wednesday. The stock’s fifty day moving average is $24.01 and its two-hundred day moving average is $24.06. The company has a market capitalization of $20.28 billion, a P/E ratio of 11.54, 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 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. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $0.39 EPS. Regions Financial’s quarterly revenue was up .2% on a year-over-year basis. Analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend yield of 4.47%. Regions Financial’s dividend payout ratio is presently 51.55%.

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.