Regions Financial Corporation $RF Shares Sold by Planned Solutions Inc.

Planned Solutions Inc. decreased its position in shares of Regions Financial Corporation (NYSE:RFFree Report) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,085 shares of the bank’s stock after selling 834 shares during the quarter. Planned Solutions Inc.’s holdings in Regions Financial were worth $237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RF. Wealth Enhancement Advisory Services LLC grew its stake in shares of Regions Financial by 6.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 243,969 shares of the bank’s stock worth $5,301,000 after purchasing an additional 14,720 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Regions Financial by 1.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 76,306 shares of the bank’s stock worth $1,658,000 after purchasing an additional 802 shares during the period. Sowell Financial Services LLC grew its stake in shares of Regions Financial by 6.2% during the 1st quarter. Sowell Financial Services LLC now owns 16,038 shares of the bank’s stock worth $348,000 after purchasing an additional 943 shares during the period. Kingswood Wealth Advisors LLC grew its stake in shares of Regions Financial by 62.4% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 20,367 shares of the bank’s stock worth $440,000 after purchasing an additional 7,822 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in shares of Regions Financial by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 106,478 shares of the bank’s stock valued at $2,313,000 after buying an additional 2,815 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insider Buying and Selling at Regions Financial

In other news, EVP David R. Keenan sold 30,000 shares of Regions Financial stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the transaction, the executive vice president owned 90,915 shares in the company, valued at $2,273,784.15. The trade was a 24.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roger W. Jenkins purchased 4,000 shares of Regions Financial stock in a transaction dated Wednesday, August 13th. The shares were bought at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the acquisition, the director owned 6,383 shares in the company, valued at approximately $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. 0.29% of the stock is owned by insiders.

Regions Financial Trading Up 0.8%

Shares of RF opened at $23.54 on Friday. Regions Financial Corporation has a 52-week low of $17.74 and a 52-week high of $27.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average is $26.23 and its two-hundred day moving average is $23.68. The stock has a market cap of $21.00 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02.

Regions Financial (NYSE:RFGet Free Report) last announced its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The company had revenue of $1.81 billion for the quarter. Research analysts forecast that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, December 1st. Regions Financial’s payout ratio is currently 49.30%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Citigroup increased their target price on Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. DA Davidson increased their target price on Regions Financial from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Stephens reiterated an “equal weight” rating and set a $27.00 target price (down previously from $30.00) on shares of Regions Financial in a research report on Tuesday. Evercore ISI increased their target price on Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Finally, Wall Street Zen upgraded Regions Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.79.

View Our Latest Report on Regions Financial

Regions Financial Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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