Compound Planning Inc. Sells 1,540 Shares of Regions Financial Corporation $RF

Compound Planning Inc. trimmed its position in Regions Financial Corporation (NYSE:RF) by 4.8% during the first quarter, HoldingsChannel.com reports. The fund owned 30,232 shares of the bank’s stock after selling 1,540 shares during the quarter. Compound Planning Inc.’s holdings in Regions Financial were worth $657,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norinchukin Bank The boosted its holdings in shares of Regions Financial by 14.8% in the 1st quarter. Norinchukin Bank The now owns 45,969 shares of the bank’s stock valued at $999,000 after purchasing an additional 5,918 shares in the last quarter. Summit Financial LLC lifted its position in shares of Regions Financial by 31.6% during the 1st quarter. Summit Financial LLC now owns 75,388 shares of the bank’s stock worth $1,638,000 after buying an additional 18,102 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Regions Financial by 2.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,177,785 shares of the bank’s stock valued at $47,324,000 after buying an additional 47,953 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in Regions Financial in the first quarter valued at about $1,355,000. Finally, T. Rowe Price Investment Management Inc. raised its stake in Regions Financial by 83.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,032,813 shares of the bank’s stock worth $65,904,000 after acquiring an additional 1,379,993 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Up 4.0%

Shares of NYSE:RF opened at $26.76 on Monday. The firm has a market cap of $23.88 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.54 and a beta of 1.01. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96. The business has a fifty day simple moving average of $24.69 and a 200 day simple moving average of $22.66. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, July 18th. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 EPS. Analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.265 per share. This is a positive change from Regions Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.06 annualized dividend and a dividend yield of 4.0%. Regions Financial’s payout ratio is 46.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RF shares. Barclays restated an “underweight” rating and issued a $27.00 price target (up from $24.00) on shares of Regions Financial in a research note on Monday, July 21st. Wall Street Zen raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. TD Cowen initiated coverage on shares of Regions Financial in a research note on Thursday, May 15th. They set a “buy” rating and a $31.00 target price on the stock. Jefferies Financial Group began coverage on shares of Regions Financial in a report on Wednesday, May 21st. They set a “hold” rating and a $24.00 price target for the company. Finally, Cowen started coverage on Regions Financial in a report on Wednesday, May 14th. They set a “buy” rating on the stock. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.33.

Insider Activity at Regions Financial

In other Regions Financial news, EVP David R. Keenan sold 30,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total value of $750,300.00. Following the completion of the sale, the executive vice president directly owned 90,915 shares in the company, valued at approximately $2,273,784.15. This trade represents a 24.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Roger W. Jenkins purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was bought at an average cost of $25.48 per share, with a total value of $101,920.00. Following the completion of the purchase, the director owned 6,383 shares of the company’s stock, valued at approximately $162,638.84. This represents a 167.86% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company’s stock.

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.