Caisse Des Depots ET Consignations Purchases Shares of 71,979 Regions Financial Co. (NYSE:RF)

Caisse Des Depots ET Consignations acquired a new position in shares of Regions Financial Co. (NYSE:RF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 71,979 shares of the bank’s stock, valued at approximately $1,693,000.

Several other institutional investors have also recently modified their holdings of RF. NEOS Investment Management LLC raised its stake in Regions Financial by 31.5% in the 4th quarter. NEOS Investment Management LLC now owns 56,755 shares of the bank’s stock valued at $1,335,000 after purchasing an additional 13,587 shares during the last quarter. Elo Mutual Pension Insurance Co grew its holdings in shares of Regions Financial by 1.0% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 93,586 shares of the bank’s stock worth $2,201,000 after buying an additional 954 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Regions Financial by 16.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,498,333 shares of the bank’s stock worth $35,391,000 after buying an additional 211,222 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Regions Financial in the fourth quarter valued at approximately $741,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Regions Financial by 57.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,153,937 shares of the bank’s stock valued at $27,141,000 after buying an additional 419,930 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on RF shares. Truist Financial cut their price target on Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a report on Friday, March 21st. Citigroup dropped their target price on Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday. 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. Piper Sandler lifted their price target on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, Compass Point increased their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Regions Financial presently has a consensus rating of “Moderate Buy” and an average price target of $27.28.

Regions Financial Price Performance

RF stock opened at $21.93 on Friday. The stock has a 50-day simple moving average of $23.30 and a 200-day simple moving average of $23.93. The firm has a market cap of $19.86 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. On average, equities analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

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 given 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 4.56%. Regions Financial’s payout ratio is currently 51.55%.

Insider Activity

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired 3,993 shares of company stock worth $89,682 over the last ninety days. Corporate insiders own 0.29% of the company’s stock.

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.