Syon Capital LLC Decreases Stock Holdings in Regions Financial Co. (NYSE:RF)

Syon Capital LLC lessened its stake in Regions Financial Co. (NYSE:RF) by 4.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,795 shares of the bank’s stock after selling 1,102 shares during the quarter. Syon Capital LLC’s holdings in Regions Financial were worth $583,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in RF. Y.D. More Investments Ltd increased its stake in shares of Regions Financial by 122.9% during the fourth 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 in the last quarter. Sierra Ocean LLC purchased a new stake in Regions Financial during the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management increased its stake in Regions Financial by 2,354.9% during the 4th 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 in the last quarter. Millstone Evans Group LLC acquired a new position in shares of Regions Financial during the fourth quarter valued at approximately $32,000. Finally, Creative Capital Management Investments LLC purchased a new position in shares of Regions Financial in the fourth quarter valued at approximately $44,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RF has been the subject of several recent research reports. Wells Fargo & Company reduced their price objective on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. Morgan Stanley reduced their target price 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. Keefe, Bruyette & Woods decreased their price target on shares of Regions Financial from $28.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday. JPMorgan Chase & Co. dropped their price objective on shares of Regions Financial from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Finally, Barclays decreased their target price on shares of Regions Financial from $26.00 to $24.00 and set an “underweight” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $25.53.

Regions Financial Price Performance

Shares of RF opened at $20.54 on Friday. The firm has a 50-day simple moving average of $21.25 and a two-hundred day simple moving average of $23.48. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The stock has a market cap of $18.60 billion, a PE ratio of 10.59, a P/E/G ratio of 1.93 and a beta of 1.01.

Regions Financial (NYSE:RF) last posted its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm earned $0.37 EPS. As a group, analysts forecast that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial’s dividend payout ratio (DPR) is 48.08%.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of Regions Financial stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the acquisition, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

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.