Sei Investments Co. Has $15.96 Million Stake in Regions Financial Co. (NYSE:RF)

Sei Investments Co. lifted its stake in Regions Financial Co. (NYSE:RF) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 678,633 shares of the bank’s stock after buying an additional 43,737 shares during the period. Sei Investments Co. owned approximately 0.07% of Regions Financial worth $15,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd grew its holdings 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 purchasing an additional 634 shares in the last quarter. Sierra Ocean LLC bought a new stake in Regions Financial during the fourth quarter worth about $28,000. Picton Mahoney Asset Management grew its stake in Regions Financial by 2,354.9% during the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after buying an additional 1,201 shares in the last quarter. Millstone Evans Group LLC bought a new position in Regions Financial in the 4th quarter valued at about $32,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Regions Financial in the 3rd quarter valued at approximately $37,000. Institutional investors own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RF shares. Piper Sandler increased their price target on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Barclays lifted their price target on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. Compass Point boosted their price target on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Truist Financial reduced their price objective on Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Finally, Wells Fargo & Company lowered their target price on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.17.

Regions Financial Price Performance

Shares of NYSE:RF opened at $21.42 on Friday. 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 52 week low of $17.72 and a 52 week high of $27.96. The firm has a market cap of $19.39 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The firm’s fifty day moving average is $23.25 and its 200-day moving average is $23.92.

Regions Financial (NYSE:RF) last announced its earnings results 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 firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $0.39 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.67%. Regions Financial’s payout ratio is currently 51.55%.

Insider Activity

In other news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now directly owns 17,486 shares of the company’s stock, 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 the SEC website. Insiders have acquired 3,993 shares of company stock valued at $89,682 in the last ninety days. 0.29% of the stock is owned by company insiders.

Regions Financial Company 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.