IFP Advisors Inc raised its holdings in shares of Regions Financial Corporation (NYSE:RF) by 11.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,728 shares of the bank’s stock after acquiring an additional 14,508 shares during the period. IFP Advisors Inc’s holdings in Regions Financial Corporation were worth $2,189,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in RF. Lloyds Banking Group plc purchased a new position in Regions Financial Corporation during the second quarter valued at $108,000. Seven Eight Capital LP bought a new position in shares of Regions Financial Corporation during the second quarter valued at $111,000. Sun Life Financial INC increased its holdings in shares of Regions Financial Corporation by 98,133.3% during the second quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock valued at $129,000 after acquiring an additional 8,832 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of Regions Financial Corporation by 0.3% during the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after acquiring an additional 26 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in shares of Regions Financial Corporation during the second quarter valued at $139,000. 77.72% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $16.00 price objective on shares of Regions Financial Corporation in a report on Friday, August 11th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $14.50 price objective on shares of Regions Financial Corporation in a research report on Thursday, August 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $15.50 price objective on shares of Regions Financial Corporation in a research report on Wednesday, August 16th. Vining Sparks raised Regions Financial Corporation from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $16.00 price target on shares of Regions Financial Corporation in a report on Wednesday, October 25th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Regions Financial Corporation has a consensus rating of “Hold” and an average price target of $15.31.
In other Regions Financial Corporation news, EVP John B. Owen sold 40,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total transaction of $626,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott M. Peters sold 25,000 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $15.84, for a total value of $396,000.00. Following the sale, the executive vice president now directly owns 121,459 shares of the company’s stock, valued at approximately $1,923,910.56. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
Shares of Regions Financial Corporation (NYSE:RF) traded down $0.11 during mid-day trading on Friday, reaching $15.17. The company’s stock had a trading volume of 11,869,800 shares, compared to its average volume of 12,745,086. The stock has a market capitalization of $17,596.76, a P/E ratio of 15.80, a P/E/G ratio of 1.37 and a beta of 1.29. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.39. Regions Financial Corporation has a 52 week low of $12.00 and a 52 week high of $16.03.
Regions Financial Corporation (NYSE:RF) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial Corporation had a return on equity of 7.56% and a net margin of 20.14%. Regions Financial Corporation’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 earnings per share. equities research analysts anticipate that Regions Financial Corporation will post 0.99 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.36 dividend on an annualized basis and a yield of 2.37%. Regions Financial Corporation’s payout ratio is 37.50%.
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Regions Financial Corporation Company Profile
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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