Regions Financial Co. (NYSE:RF) Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC trimmed its holdings in Regions Financial Co. (NYSE:RF) by 9.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 24,109 shares of the bank’s stock after selling 2,523 shares during the period. V Square Quantitative Management LLC’s holdings in Regions Financial were worth $567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Vontobel Holding Ltd. increased its holdings in shares of Regions Financial by 5.7% in the 4th quarter. Vontobel Holding Ltd. now owns 13,155 shares of the bank’s stock valued at $309,000 after acquiring an additional 710 shares during the period. Asset Management One Co. Ltd. grew its position in Regions Financial by 1.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 360,509 shares of the bank’s stock valued at $8,558,000 after buying an additional 3,825 shares during the last quarter. Life Planning Partners Inc purchased a new position in Regions Financial in the 4th quarter valued at $125,000. Allspring Global Investments Holdings LLC grew its position in Regions Financial by 1.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,738,619 shares of the bank’s stock valued at $203,273,000 after buying an additional 112,885 shares during the last quarter. Finally, Kentucky Trust Co purchased a new position in Regions Financial in the 4th quarter valued at $210,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Trading Up 1.1 %

Shares of RF stock opened at $24.32 on Friday. The firm has a 50-day moving average price of $24.23 and a 200 day moving average price of $23.82. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The company has a market capitalization of $22.10 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.97 and a beta of 1.20. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $0.39 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.11%. The ex-dividend date is Monday, March 3rd. Regions Financial’s payout ratio is 51.55%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $27.00 to $28.00 in a research report on Thursday, October 31st. Wells Fargo & Company lifted their price objective on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Wedbush boosted their target price on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Compass Point boosted their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. 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; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.