Cetera Investment Advisers Sells 19,830 Shares of Regions Financial Corporation $RF

Cetera Investment Advisers decreased its holdings in shares of Regions Financial Corporation (NYSE:RF) by 4.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 462,596 shares of the bank’s stock after selling 19,830 shares during the quarter. Cetera Investment Advisers’ holdings in Regions Financial were worth $12,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss Life Asset Management Ltd lifted its holdings in Regions Financial by 244.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock worth $61,135,000 after purchasing an additional 1,600,926 shares during the last quarter. Waterloo Capital L.P. boosted its position in Regions Financial by 123.7% during the fourth quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock worth $3,683,000 after purchasing an additional 75,149 shares during the period. Evergreen Capital Management LLC acquired a new position in Regions Financial during the fourth quarter valued at approximately $1,939,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Regions Financial by 3.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,859,466 shares of the bank’s stock valued at $51,247,000 after purchasing an additional 69,191 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of Regions Financial by 108.0% in the fourth quarter. Sanctuary Advisors LLC now owns 675,296 shares of the bank’s stock valued at $18,301,000 after purchasing an additional 350,599 shares during the period. Institutional investors own 79.39% of the company’s stock.

Insider Transactions at Regions Financial

In other news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Regions Financial Stock Down 1.1%

Shares of RF stock opened at $30.94 on Thursday. Regions Financial Corporation has a 12 month low of $22.70 and a 12 month high of $32.47. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.26. The firm has a market cap of $26.40 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 1.20 and a beta of 1.00. The stock has a 50 day moving average of $29.59 and a 200-day moving average of $28.41.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.05. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company posted $0.60 earnings per share. Regions Financial’s quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts predict that Regions Financial Corporation will post 2.62 EPS for the current year.

Regions Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a $0.30 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 3.9%. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. Regions Financial’s dividend payout ratio (DPR) is 43.27%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RF shares. Morgan Stanley upped their price objective on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Evercore reiterated an “underperform” rating and issued a $31.00 target price on shares of Regions Financial in a report on Monday, July 6th. Keefe, Bruyette & Woods boosted their target price on shares of Regions Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Monday, July 20th. Jefferies Financial Group restated a “hold” rating and set a $32.00 price target on shares of Regions Financial in a report on Friday, July 17th. Finally, Robert W. Baird reaffirmed an “underperform” rating and issued a $28.00 price target on shares of Regions Financial in a research report on Monday, July 6th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.24.

Regions Financial Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.