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Regions Financial Corporation $RF Shares Sold by M&T Bank Corp
M&T Bank Corp significantly reduced its stake in Regions Financial Corporation (NYSE:RF) by 80.7% during the fourth quarter, selling 709,283 shares and retaining 169,560 shares valued at $4.812 million. Other institutional investors have also adjusted their holdings, with 79.39% of the stock currently owned by institutional investors and hedge funds. Regions Financial recently reported strong earnings, beating analyst estimates, and announced a quarterly dividend of $0.265 per share.