WINTON GROUP Ltd lowered its holdings in shares of Regions Financial Corp (NYSE:RF) by 38.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,933 shares of the bank’s stock after selling 11,179 shares during the period. WINTON GROUP Ltd’s holdings in Regions Financial were worth $310,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Patten Group Inc. grew its stake in shares of Regions Financial by 4.7% in the fourth quarter. Patten Group Inc. now owns 62,888 shares of the bank’s stock worth $1,087,000 after acquiring an additional 2,820 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management grew its position in Regions Financial by 19.0% during the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 19,365 shares of the bank’s stock valued at $335,000 after buying an additional 3,090 shares during the period. New Mexico Educational Retirement Board grew its position in Regions Financial by 2.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 114,913 shares of the bank’s stock valued at $1,986,000 after buying an additional 3,200 shares during the period. Brown Advisory Securities LLC grew its position in Regions Financial by 10.1% during the fourth quarter. Brown Advisory Securities LLC now owns 36,573 shares of the bank’s stock valued at $633,000 after buying an additional 3,348 shares during the period. Finally, FDx Advisors Inc. grew its position in Regions Financial by 5.4% during the fourth quarter. FDx Advisors Inc. now owns 68,855 shares of the bank’s stock valued at $1,190,000 after buying an additional 3,513 shares during the period. 76.28% of the stock is currently owned by institutional investors.
RF has been the topic of several research analyst reports. ValuEngine downgraded shares of Regions Financial from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Sandler O’Neill raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. UBS upgraded shares of Regions Financial from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $15.00 to $18.00 in a research report on Tuesday, December 12th. B. Riley restated a “hold” rating and issued a $19.00 price target on shares of Regions Financial in a report on Monday, January 22nd. Finally, Piper Jaffray restated a “hold” rating and issued a $18.00 price target on shares of Regions Financial in a report on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Regions Financial presently has a consensus rating of “Hold” and an average target price of $17.25.
Regions Financial stock opened at $18.23 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $21,059.32, a P/E ratio of 18.23, a P/E/G ratio of 1.39 and a beta of 1.26. Regions Financial Corp has a 1 year low of $13.00 and a 1 year high of $20.21.
Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. analysts forecast that Regions Financial Corp will post 1.35 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 9th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.97%. Regions Financial’s dividend payout ratio is presently 36.00%.
In related news, EVP Ronald G. Smith sold 92,301 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $19.32, for a total value of $1,783,255.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Scott M. Peters sold 25,627 shares of Regions Financial stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total value of $499,726.50. Following the completion of the transaction, the executive vice president now directly owns 240,796 shares of the company’s stock, valued at $4,695,522. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.
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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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