Brandywine Global Investment Management LLC Lowers Position in Regions Financial Co. (NYSE:RF)

Brandywine Global Investment Management LLC trimmed its position in shares of Regions Financial Co. (NYSE:RF) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 479,083 shares of the bank’s stock after selling 36,858 shares during the quarter. Brandywine Global Investment Management LLC owned 0.05% of Regions Financial worth $11,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Life Planning Partners Inc bought a new position in Regions Financial during the fourth quarter valued at $125,000. Schroder Investment Management Group lifted its holdings in shares of Regions Financial by 21.1% in the fourth quarter. Schroder Investment Management Group now owns 1,128,242 shares of the bank’s stock worth $26,694,000 after buying an additional 196,328 shares in the last quarter. MV Capital Management Inc. boosted its holdings in Regions Financial by 158.0% in the 4th quarter. MV Capital Management Inc. now owns 3,782 shares of the bank’s stock valued at $89,000 after purchasing an additional 2,316 shares during the period. Allstate Corp purchased a new position in Regions Financial during the fourth quarter worth about $641,000. Finally, Orion Portfolio Solutions LLC grew its holdings in shares of Regions Financial by 149.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 22,419 shares of the bank’s stock worth $527,000 after purchasing an additional 13,423 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RF. Morgan Stanley reaffirmed an “equal weight” rating and set a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Compass Point boosted their target price on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays increased their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Truist Financial cut their price objective on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Finally, Piper Sandler lifted their target price 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.17.

Regions Financial Price Performance

RF opened at $21.77 on Tuesday. The company’s 50-day simple moving average is $23.20 and its two-hundred day simple moving average is $23.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a market capitalization of $19.71 billion, a P/E ratio of 11.22, a P/E/G ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96.

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

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid 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 dividend yield of 4.59%. Regions Financial’s dividend payout ratio is currently 51.55%.

Insider Activity

In related news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders acquired 3,868 shares of company stock valued at $86,722 in the last quarter. 0.29% of the stock is currently 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.