Aull & Monroe Investment Management Corp Sells 8,135 Shares of Regions Financial Corporation $RF

Aull & Monroe Investment Management Corp cut its position in shares of Regions Financial Corporation (NYSE:RF) by 9.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,706 shares of the bank’s stock after selling 8,135 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in Regions Financial were worth $1,828,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Regions Financial by 3.7% during the 1st quarter. Wellington Management Group LLP now owns 44,211,562 shares of the bank’s stock valued at $960,717,000 after purchasing an additional 1,562,512 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Regions Financial by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,092,742 shares of the bank’s stock worth $675,645,000 after acquiring an additional 1,909,162 shares during the last quarter. Invesco Ltd. grew its position in Regions Financial by 35.7% during the 1st quarter. Invesco Ltd. now owns 20,990,446 shares of the bank’s stock worth $456,122,000 after acquiring an additional 5,521,772 shares during the last quarter. Amundi grew its position in Regions Financial by 20.4% during the 1st quarter. Amundi now owns 10,010,267 shares of the bank’s stock worth $198,721,000 after acquiring an additional 1,696,347 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Regions Financial by 3.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 8,972,531 shares of the bank’s stock worth $216,866,000 after acquiring an additional 325,382 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Regions Financial Trading Up 0.8%

NYSE RF opened at $23.54 on Friday. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day simple moving average of $26.23 and a two-hundred day simple moving average of $23.68. The stock has a market cap of $21.00 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. The business had revenue of $1.81 billion during the quarter. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%. On average, analysts forecast that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Monday, December 1st. Regions Financial’s dividend payout ratio (DPR) is presently 49.30%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stephens restated an “equal weight” rating and set a $27.00 price target (down from $30.00) on shares of Regions Financial in a research report on Tuesday. Wall Street Zen upgraded Regions Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Cantor Fitzgerald assumed coverage on Regions Financial in a research report on Wednesday, September 10th. They set an “overweight” rating and a $30.00 price target on the stock. Citigroup raised their price target on Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Regions Financial in a report on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Regions Financial has a consensus rating of “Moderate Buy” and a consensus price target of $27.79.

Regions Financial Company 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.