Sapient Capital LLC Sells 4,796 Shares of Regions Financial Co. (NYSE:RF)

Sapient Capital LLC trimmed its holdings in Regions Financial Co. (NYSE:RF) by 8.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,350 shares of the bank’s stock after selling 4,796 shares during the quarter. Sapient Capital LLC’s holdings in Regions Financial were worth $1,050,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RF. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Regions Financial in the third quarter valued at about $26,000. Laurel Wealth Advisors LLC raised its holdings in Regions Financial by 86.5% during the 4th quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock worth $27,000 after purchasing an additional 649 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in Regions Financial during the 4th quarter worth about $28,000. Sound Income Strategies LLC raised its holdings in Regions Financial by 103.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after purchasing an additional 750 shares during the last quarter. Finally, Glassman Wealth Services raised its holdings in Regions Financial by 163.3% during the 4th quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock worth $30,000 after purchasing an additional 967 shares during the last quarter. 79.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director William C. Rhodes III purchased 50,000 shares of Regions Financial stock in a transaction on Tuesday, April 23rd. The stock was purchased at an average price of $19.37 per share, with a total value of $968,500.00. Following the transaction, the director now directly owns 50,000 shares in the company, valued at approximately $968,500. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on RF shares. Argus cut Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Truist Financial dropped their price objective on Regions Financial from $22.00 to $20.00 and set a “hold” rating for the company in a report on Monday, April 22nd. StockNews.com lowered Regions Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Piper Sandler boosted their target price on Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Morgan Stanley decreased their target price on Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.34.

Regions Financial Stock Down 2.1 %

Shares of RF traded down $0.42 on Tuesday, hitting $19.26. The company’s stock had a trading volume of 5,531,902 shares, compared to its average volume of 8,699,931. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $21.08. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average price is $19.47 and its 200-day moving average price is $18.16. The firm has a market capitalization of $17.69 billion, a price-to-earnings ratio of 10.46, a P/E/G ratio of 1.43 and a beta of 1.21.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the company earned $0.62 EPS. The company’s revenue was down 10.5% compared to the same quarter last year. On average, equities research analysts expect that Regions Financial Co. will post 1.95 EPS for the current year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend is Friday, May 31st. Regions Financial’s dividend payout ratio (DPR) is currently 52.17%.

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.