Integrated Advisors Network LLC Sells 29,221 Shares of Regions Financial Co. (NYSE:RF)

Integrated Advisors Network LLC reduced its stake in Regions Financial Co. (NYSE:RF) by 59.7% during the first quarter, Holdings Channel.com reports. The fund owned 19,716 shares of the bank’s stock after selling 29,221 shares during the quarter. Integrated Advisors Network LLC’s holdings in Regions Financial were worth $428,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in RF. Sierra Ocean LLC bought a new position in shares of Regions Financial during the 4th quarter worth $28,000. Picton Mahoney Asset Management lifted its stake in Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after acquiring an additional 1,201 shares during the period. Millstone Evans Group LLC bought a new position in Regions Financial during the 4th quarter worth about $32,000. Creative Capital Management Investments LLC bought a new position in Regions Financial during the 4th quarter worth about $44,000. Finally, Allworth Financial LP increased its position in Regions Financial by 36.4% during the 4th quarter. Allworth Financial LP now owns 2,560 shares of the bank’s stock valued at $62,000 after purchasing an additional 683 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Price Performance

Shares of NYSE RF opened at $21.47 on Friday. Regions Financial Co. has a fifty-two week low of $17.74 and a fifty-two week high of $27.96. The company has a market cap of $19.30 billion, a PE ratio of 11.07, a P/E/G ratio of 1.93 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The business has a 50-day simple moving average of $20.92 and a two-hundred day simple moving average of $22.66.

Regions Financial (NYSE:RF) last released its earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same period last year, the business earned $0.37 EPS. As a group, equities analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.66%. Regions Financial’s payout ratio is currently 48.08%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Cowen initiated coverage on shares of Regions Financial in a research report on Wednesday, May 14th. They issued a “buy” rating for the company. Wall Street Zen downgraded shares of Regions Financial from a “hold” rating to a “sell” rating in a research note on Saturday, June 7th. Stephens reaffirmed an “overweight” rating and set a $24.00 target price on shares of Regions Financial in a research report on Tuesday, June 3rd. Jefferies Financial Group began coverage on Regions Financial in a report on Wednesday, May 21st. They issued a “hold” rating and a $24.00 price target on the stock. Finally, Keefe, Bruyette & Woods reduced their price target on Regions Financial from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Regions Financial currently has a consensus rating of “Hold” and an average price target of $25.80.

About Regions Financial

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.