First National Trust Co lowered its stake in shares of Regions Financial Corp (NYSE:RF) by 57.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,166 shares of the bank’s stock after selling 41,496 shares during the quarter. First National Trust Co’s holdings in Regions Financial were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of RF. Janus Henderson Group PLC lifted its holdings in shares of Regions Financial by 8,065.3% during the second quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock worth $191,306,000 after purchasing an additional 12,907,276 shares during the period. Old Mutual Global Investors UK Ltd. lifted its holdings in shares of Regions Financial by 257.2% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock worth $145,268,000 after purchasing an additional 6,868,243 shares during the period. Samlyn Capital LLC lifted its holdings in shares of Regions Financial by 63.0% during the second quarter. Samlyn Capital LLC now owns 9,074,895 shares of the bank’s stock worth $132,856,000 after purchasing an additional 3,506,995 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Regions Financial by 66.2% during the second quarter. Parametric Portfolio Associates LLC now owns 6,319,165 shares of the bank’s stock worth $92,513,000 after purchasing an additional 2,517,411 shares during the period. Finally, Vanguard Group Inc. raised its position in Regions Financial by 1.3% during the second quarter. Vanguard Group Inc. now owns 134,473,976 shares of the bank’s stock valued at $1,968,699,000 after acquiring an additional 1,742,890 shares in the last quarter. 76.99% of the stock is currently owned by institutional investors.
In other Regions Financial news, EVP Scott M. Peters sold 25,627 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total transaction of $499,726.50. Following the sale, the executive vice president now owns 240,796 shares in the company, valued at approximately $4,695,522. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John E. D. D S. Maupin, Jr. sold 15,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value of $255,600.00. Following the sale, the director now owns 59,436 shares in the company, valued at approximately $1,012,789.44. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.
RF has been the subject of several recent research reports. FBR & Co reiterated a “hold” rating and set a $16.00 price target on shares of Regions Financial in a research report on Wednesday, October 25th. Royal Bank of Canada restated a “hold” rating and issued a $16.00 price objective on shares of Regions Financial in a research report on Wednesday, October 25th. Nomura restated a “neutral” rating and issued a $17.00 price objective (up from $16.00) on shares of Regions Financial in a research report on Thursday, October 26th. JPMorgan Chase & Co. boosted their price objective on Regions Financial from $15.50 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Finally, Goldman Sachs Group upgraded Regions Financial from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, November 16th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Regions Financial currently has a consensus rating of “Hold” and a consensus target price of $17.24.
Shares of Regions Financial Corp (NYSE RF) traded up $0.37 during trading on Friday, hitting $18.27. The stock had a trading volume of 18,765,906 shares, compared to its average volume of 11,480,000. Regions Financial Corp has a twelve month low of $13.00 and a twelve month high of $19.90. The firm has a market cap of $21,190.00, a price-to-earnings ratio of 18.27, a PEG ratio of 1.36 and a beta of 1.32. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53.
Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS. research analysts expect that Regions Financial Corp will post 1.34 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.97%. Regions Financial’s dividend payout ratio is presently 36.00%.
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Regions Financial Profile
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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