Regions Financial Corporation (NYSE:RF) Shares Sold by Breton Hill Capital Ltd.

Breton Hill Capital Ltd. reduced its stake in Regions Financial Corporation (NYSE:RF) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 189,626 shares of the bank’s stock after selling 16,231 shares during the period. Breton Hill Capital Ltd.’s holdings in Regions Financial Corporation were worth $2,776,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its stake in Regions Financial Corporation by 5.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 43,057 shares of the bank’s stock worth $618,000 after buying an additional 2,130 shares during the last quarter. Wealthfront Inc. increased its stake in Regions Financial Corporation by 15.9% in the fourth quarter. Wealthfront Inc. now owns 29,749 shares of the bank’s stock worth $427,000 after buying an additional 4,073 shares during the last quarter. Teachers Advisors LLC increased its stake in Regions Financial Corporation by 10.2% in the fourth quarter. Teachers Advisors LLC now owns 5,863,436 shares of the bank’s stock worth $84,199,000 after buying an additional 544,570 shares during the last quarter. Kentucky Retirement Systems acquired a new stake in Regions Financial Corporation during the fourth quarter worth about $1,283,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Regions Financial Corporation during the fourth quarter worth about $572,000. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Regions Financial Corporation (NYSE:RF) remained flat at $14.56 on Wednesday. The stock had a trading volume of 9,023,551 shares. The stock’s 50 day moving average price is $14.34 and its 200 day moving average price is $14.43. The company has a market capitalization of $17.46 billion, a price-to-earnings ratio of 15.21 and a beta of 1.32. Regions Financial Corporation has a one year low of $8.82 and a one year high of $16.03.

Regions Financial Corporation (NYSE:RF) last issued its quarterly earnings results on Friday, July 21st. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.43 billion. Regions Financial Corporation had a net margin of 20.25% and a return on equity of 7.51%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. Equities analysts expect that Regions Financial Corporation will post $1.00 earnings per share for the current year.

Regions Financial Corporation announced that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that allows the company to buyback $1.47 billion in outstanding shares. This buyback authorization allows the bank to repurchase up to 8.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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A number of equities research analysts recently issued reports on RF shares. BidaskClub raised shares of Regions Financial Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Bank of America Corporation raised shares of Regions Financial Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $15.00 to $17.00 in a research note on Thursday, May 4th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $15.00 price target on shares of Regions Financial Corporation in a research note on Friday, June 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.50 price target on shares of Regions Financial Corporation in a research note on Wednesday, April 19th. Finally, Goldman Sachs Group, Inc. (The) decreased their price target on shares of Regions Financial Corporation to $17.00 and set a “buy” rating on the stock in a research note on Thursday, March 30th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company. Regions Financial Corporation has a consensus rating of “Hold” and a consensus target price of $14.13.

In other Regions Financial Corporation news, EVP C. Keith Herron sold 30,000 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $14.30, for a total transaction of $429,000.00. Following the sale, the executive vice president now directly owns 204,537 shares in the company, valued at $2,924,879.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is owned by corporate insiders.

Regions Financial Corporation Company 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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Institutional Ownership by Quarter for Regions Financial Corporation (NYSE:RF)

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