CapWealth Advisors LLC cut its stake in shares of Regions Financial Corp (NYSE:RF) by 14.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,168 shares of the bank’s stock after selling 2,781 shares during the period. CapWealth Advisors LLC’s holdings in Regions Financial were worth $277,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of RF. Quest Capital Management Inc. ADV acquired a new stake in shares of Regions Financial in the third quarter valued at approximately $38,000. Parkside Financial Bank & Trust lifted its position in shares of Regions Financial by 77.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,432 shares of the bank’s stock valued at $42,000 after buying an additional 1,061 shares during the last quarter. Mcmillion Capital Management Inc. acquired a new stake in shares of Regions Financial in the fourth quarter valued at approximately $46,000. Samalin Investment Counsel LLC bought a new position in shares of Regions Financial during the fourth quarter worth approximately $45,000. Finally, Tobias Financial Advisors Inc. bought a new position in shares of Regions Financial during the fourth quarter worth approximately $48,000. 71.30% of the stock is owned by hedge funds and other institutional investors.
In other Regions Financial news, EVP David R. Keenan sold 30,658 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $16.73, for a total transaction of $512,908.34. Following the transaction, the executive vice president now owns 133,675 shares in the company, valued at approximately $2,236,382.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by company insiders.
Regions Financial stock opened at $16.60 on Friday. The stock’s fifty day moving average price is $16.37 and its two-hundred day moving average price is $15.98. Regions Financial Corp has a one year low of $13.38 and a one year high of $17.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a market cap of $15.89 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.46 and a beta of 1.51.
Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. Regions Financial had a return on equity of 10.77% and a net margin of 23.42%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company earned $0.37 EPS. The company’s revenue was up 3.0% on a year-over-year basis. Sell-side analysts expect that Regions Financial Corp will post 1.62 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.62 dividend on an annualized basis and a yield of 3.73%. Regions Financial’s dividend payout ratio (DPR) is presently 40.00%.
RF has been the topic of a number of recent research reports. ValuEngine lowered Regions Financial from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. SunTrust Banks increased their target price on Regions Financial from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. BMO Capital Markets lowered Regions Financial from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Citigroup upgraded Regions Financial from a “sell” rating to a “neutral” rating and increased their target price for the stock from $14.00 to $17.00 in a research note on Monday, December 16th. Finally, Janney Montgomery Scott upgraded Regions Financial from a “neutral” rating to a “buy” rating and set a $18.50 target price on the stock in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Regions Financial has a consensus rating of “Hold” and an average price target of $17.57.
Regions Financial Company Profile
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.
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