Regions Financial Co. (NYSE:RF) Shares Sold by Covestor Ltd

Covestor Ltd lowered its position in shares of Regions Financial Co. (NYSE:RF) by 19.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,055 shares of the bank’s stock after selling 747 shares during the period. Covestor Ltd’s holdings in Regions Financial were worth $72,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd boosted its stake in Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Regions Financial during the fourth quarter worth about $28,000. Picton Mahoney Asset Management grew its holdings in shares of Regions Financial by 2,354.9% during the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after buying an additional 1,201 shares during the last quarter. Millstone Evans Group LLC acquired a new position in Regions Financial in the 4th quarter valued at about $32,000. Finally, Creative Capital Management Investments LLC acquired a new position in Regions Financial in the 4th quarter valued at about $44,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Joia M. Johnson bought 2,300 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the acquisition, the director now owns 17,486 shares of the company’s stock, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have acquired 3,343 shares of company stock valued at $74,348. Insiders own 0.29% of the company’s stock.

Regions Financial Trading Down 0.2 %

Regions Financial stock opened at $18.96 on Monday. The stock has a market cap of $17.17 billion, a PE ratio of 9.77, a P/E/G ratio of 1.93 and a beta of 1.01. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average price of $22.10 and a 200 day moving average price of $23.69. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business earned $0.39 earnings per share. Regions Financial’s revenue was up .2% compared to the same quarter last year. Equities research analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 5.27%. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

Analyst Ratings Changes

Several research analysts have weighed in on RF shares. Citigroup lowered their target price on Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company lowered their price objective on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. Barclays upped their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their price target on shares of Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Finally, Morgan Stanley reduced their price objective on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.42.

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.