Prudential Financial Inc. Sells 72,232 Shares of Regions Financial Corporation $RF

Prudential Financial Inc. reduced its holdings in shares of Regions Financial Corporation (NYSE:RF) by 10.8% in the second quarter, Holdings Channel.com reports. The fund owned 598,892 shares of the bank’s stock after selling 72,232 shares during the quarter. Prudential Financial Inc.’s holdings in Regions Financial were worth $14,086,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. American National Bank & Trust increased its stake in Regions Financial by 2,433.3% in the second quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after purchasing an additional 1,022 shares during the period. CVA Family Office LLC grew its holdings in shares of Regions Financial by 163.2% in the second quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock worth $25,000 after purchasing an additional 656 shares during the last quarter. Bayforest Capital Ltd increased its stake in Regions Financial by 637.3% in the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after buying an additional 1,058 shares during the period. FNY Investment Advisers LLC bought a new stake in Regions Financial during the 2nd quarter valued at about $30,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Regions Financial during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Up 0.2%

Shares of NYSE RF opened at $25.46 on Thursday. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.63. The stock’s fifty day simple moving average is $25.08 and its two-hundred day simple moving average is $24.63. The stock has a market capitalization of $22.33 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%.The firm had revenue of $1.81 billion during the quarter. As a group, analysts expect that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company 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 $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, December 1st. Regions Financial’s dividend payout ratio (DPR) is currently 46.70%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley set a $32.00 target price on shares of Regions Financial in a research report on Monday, September 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Regions Financial in a research note on Wednesday, October 8th. Cantor Fitzgerald began coverage on Regions Financial in a research report on Wednesday, September 10th. They set an “overweight” rating and a $30.00 target price for the company. Citigroup upped their target price on Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, Stephens restated an “equal weight” rating and set a $27.00 price target (down previously from $30.00) on shares of Regions Financial in a research note on Tuesday, October 14th. Nine investment 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.19.

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.