Sequoia Financial Advisors LLC Purchases 8,833 Shares of Regions Financial Corporation $RF

Sequoia Financial Advisors LLC raised its position in Regions Financial Corporation (NYSE:RF) by 37.5% during the second quarter, Holdings Channel reports. The fund owned 32,377 shares of the bank’s stock after acquiring an additional 8,833 shares during the period. Sequoia Financial Advisors LLC’s holdings in Regions Financial were worth $762,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. American National Bank & Trust lifted its holdings 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 valued at $25,000 after acquiring an additional 1,022 shares during the period. Bayforest Capital Ltd lifted its holdings in Regions Financial by 637.3% in the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,058 shares during the period. Rossby Financial LCC bought a new position in Regions Financial in the first quarter valued at about $36,000. Groupe la Francaise bought a new position in Regions Financial in the first quarter valued at about $41,000. Finally, Ameritas Advisory Services LLC bought a new position in Regions Financial in the second quarter valued at about $44,000. Institutional investors own 79.39% of the company’s stock.

Analyst Ratings Changes

RF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on Regions Financial from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Morgan Stanley set a $32.00 price objective on Regions Financial in a research note on Monday, September 29th. Citigroup raised their price objective on Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. DA Davidson raised their price objective on Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Barclays reaffirmed an “underweight” rating and issued a $27.00 price objective (up previously from $24.00) on shares of Regions Financial in a research note on Monday, July 21st. 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.79.

Regions Financial Stock Performance

NYSE:RF opened at $23.54 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96. The stock has a 50-day moving average price of $26.23 and a 200 day moving average price of $23.68. The stock has a market capitalization of $21.00 billion, a P/E ratio of 10.37, a P/E/G ratio of 1.12 and a beta of 1.02.

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

Regions Financial Dividend Announcement

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

Insider Activity

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

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.