Massachusetts Financial Services Co. MA Has $191.92 Million Position in Regions Financial Co. (NYSE:RF)

Massachusetts Financial Services Co. MA increased its stake in shares of Regions Financial Co. (NYSE:RF) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,226,353 shares of the bank’s stock after acquiring an additional 61,426 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.91% of Regions Financial worth $191,921,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Thompson Siegel & Walmsley LLC bought a new stake in Regions Financial in the 3rd quarter valued at about $7,396,000. Intech Investment Management LLC increased its holdings in shares of Regions Financial by 24.9% during the third quarter. Intech Investment Management LLC now owns 104,866 shares of the bank’s stock valued at $2,447,000 after acquiring an additional 20,929 shares in the last quarter. Commerce Bank raised its position in shares of Regions Financial by 392.5% during the third quarter. Commerce Bank now owns 248,325 shares of the bank’s stock worth $5,793,000 after purchasing an additional 197,900 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Regions Financial in the 3rd quarter worth $3,451,000. Finally, BIP Wealth LLC grew its position in Regions Financial by 21.3% in the 3rd quarter. BIP Wealth LLC now owns 14,567 shares of the bank’s stock valued at $340,000 after purchasing an additional 2,562 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Price Performance

RF opened at $27.29 on Friday. The firm has a market cap of $24.80 billion, a P/E ratio of 15.42, a PEG ratio of 2.72 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a fifty-two week low of $15.79 and a fifty-two week high of $27.32. The firm has a 50-day moving average of $23.95 and a 200 day moving average of $21.77.

Regions Financial (NYSE:RF) last released its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. On average, research analysts expect that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.67%. Regions Financial’s payout ratio is presently 56.50%.

Analysts Set New Price Targets

RF has been the topic of a number of recent research reports. Wedbush raised their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $24.00 to $26.00 in a research report on Thursday, October 24th. StockNews.com raised Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Truist Financial lifted their target price on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company increased their price target on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Regions Financial currently has an average rating of “Moderate Buy” and an average target price of $26.41.

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.