Aperio Group LLC reduced its stake in shares of Regions Financial Co. (NYSE:RF) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,168,542 shares of the bank’s stock after selling 4,146 shares during the quarter. Aperio Group LLC owned about 0.10% of Regions Financial worth $21,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in RF. Sullivan Bruyette Speros & Blaney LLC purchased a new position in shares of Regions Financial in the first quarter valued at $424,000. ING Groep NV grew its holdings in shares of Regions Financial by 4.0% in the first quarter. ING Groep NV now owns 114,696 shares of the bank’s stock valued at $2,131,000 after purchasing an additional 4,404 shares in the last quarter. ETRADE Capital Management LLC grew its holdings in shares of Regions Financial by 16.2% in the first quarter. ETRADE Capital Management LLC now owns 28,166 shares of the bank’s stock valued at $523,000 after purchasing an additional 3,937 shares in the last quarter. Prescott Group Capital Management L.L.C. grew its holdings in shares of Regions Financial by 100.0% in the first quarter. Prescott Group Capital Management L.L.C. now owns 40,000 shares of the bank’s stock valued at $743,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Montag A & Associates Inc. purchased a new position in shares of Regions Financial in the first quarter valued at $604,000. 77.58% of the stock is owned by institutional investors and hedge funds.
NYSE:RF opened at $19.32 on Friday. Regions Financial Co. has a twelve month low of $19.21 and a twelve month high of $19.39. The firm has a market cap of $21.78 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.53.
Regions Financial (NYSE:RF) last released its earnings results on Friday, April 20th. The bank reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. Regions Financial had a return on equity of 8.75% and a net margin of 22.06%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company earned $0.23 earnings per share. sell-side analysts anticipate that Regions Financial Co. will post 1.4 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 8th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, June 7th. This represents a $0.36 annualized dividend and a dividend yield of 1.86%. Regions Financial’s dividend payout ratio (DPR) is 36.00%.
A number of research analysts recently weighed in on the stock. ValuEngine lowered shares of Regions Financial from a “buy” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Regions Financial in a report on Sunday, April 22nd. B. Riley lifted their price objective on shares of Regions Financial from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 24th. Sandler O’Neill raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. Finally, Piper Jaffray reaffirmed a “hold” rating and set a $18.00 price objective on shares of Regions Financial in a research note on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Regions Financial presently has an average rating of “Hold” and an average target price of $17.56.
In other news, EVP C. Matthew Lusco sold 10,000 shares of Regions Financial stock in a transaction on Monday, May 14th. The stock was sold at an average price of $19.23, for a total transaction of $192,300.00. Following the completion of the sale, the executive vice president now directly owns 121,473 shares in the company, valued at $2,335,925.79. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David J. Turner, Jr. sold 46,374 shares of Regions Financial stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $19.34, for a total value of $896,873.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 572,337 shares of company stock valued at $10,931,520. Corporate insiders own 0.84% of the company’s stock.
Regions Financial Company Profile
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
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