Country Club Trust Company n.a. Increases Stake in Regions Financial Corporation (RF)

Country Club Trust Company n.a. grew its stake in shares of Regions Financial Corporation (NYSE:RF) by 182.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 439,015 shares of the bank’s stock after purchasing an additional 283,720 shares during the period. Country Club Trust Company n.a.’s holdings in Regions Financial were worth $7,586,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Regions Financial by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 134,473,976 shares of the bank’s stock valued at $1,968,699,000 after purchasing an additional 1,742,890 shares in the last quarter. Boston Partners boosted its stake in shares of Regions Financial by 3.7% during the 3rd quarter. Boston Partners now owns 33,692,511 shares of the bank’s stock valued at $513,137,000 after purchasing an additional 1,191,474 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Regions Financial by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,430,899 shares of the bank’s stock valued at $219,767,000 after purchasing an additional 382,430 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Regions Financial by 8,065.3% during the 2nd quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock valued at $191,306,000 after purchasing an additional 12,907,276 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in shares of Regions Financial by 257.2% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock valued at $145,268,000 after purchasing an additional 6,868,243 shares in the last quarter. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Regions Financial Corporation (RF) traded up $0.12 during trading on Friday, reaching $18.20. 6,331,300 shares of the company’s stock traded hands, compared to its average volume of 9,167,438. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.84. The stock has a market capitalization of $21,230.00, a PE ratio of 19.16, a PEG ratio of 1.23 and a beta of 1.30. Regions Financial Corporation has a twelve month low of $13.00 and a twelve month high of $18.27.

Regions Financial (NYSE:RF) last issued its earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a net margin of 20.14% and a return on equity of 7.56%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. research analysts forecast that Regions Financial Corporation will post 0.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were issued a $0.09 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.36 annualized dividend and a yield of 1.98%. Regions Financial’s dividend payout ratio (DPR) is presently 37.89%.

In other news, EVP John B. Owen sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were 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 through this hyperlink. Also, EVP Scott M. Peters sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $15.84, for a total transaction of $396,000.00. Following the transaction, the executive vice president now directly owns 121,459 shares of the company’s stock, valued at $1,923,910.56. The disclosure for this sale can be found here. Insiders sold 80,000 shares of company stock valued at $1,278,400 over the last ninety days. Corporate insiders own 0.52% of the company’s stock.

A number of equities research analysts have recently weighed in on RF shares. Goldman Sachs Group raised shares of Regions Financial from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, November 16th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.50 price objective on shares of Regions Financial in a research note on Friday, September 15th. JPMorgan Chase & Co. boosted their price objective on shares of Regions Financial from $15.50 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Citigroup reissued a “neutral” rating and set a $16.00 price objective (up previously from $15.00) on shares of Regions Financial in a research note on Monday, October 9th. Finally, SunTrust Banks reissued a “buy” rating and set a $19.00 price objective on shares of Regions Financial in a research note on Wednesday, November 29th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.65.

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

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