OppenheimerFunds Inc. reduced its position in Regions Financial Corp (NYSE:RF) by 9.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,418 shares of the bank’s stock after selling 6,272 shares during the period. OppenheimerFunds Inc.’s holdings in Regions Financial were worth $1,096,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. IFG Advisory LLC acquired a new stake in Regions Financial during the 4th quarter valued at approximately $306,000. Welch Investments LLC acquired a new stake in Regions Financial during the 4th quarter valued at approximately $120,000. Steward Partners Investment Advisory LLC acquired a new stake in Regions Financial during the 3rd quarter valued at approximately $150,000. Valeo Financial Advisors LLC lifted its stake in Regions Financial by 152.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 10,349 shares of the bank’s stock valued at $179,000 after acquiring an additional 6,249 shares during the period. Finally, American Century Companies Inc. purchased a new position in shares of Regions Financial during the 3rd quarter valued at approximately $159,000. Institutional investors and hedge funds own 76.28% of the company’s stock.
In other news, EVP Scott M. Peters sold 25,627 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was 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 owns 240,796 shares in the company, valued at $4,695,522. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ronald G. Smith sold 92,301 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $19.32, for a total value of $1,783,255.32. The disclosure for this sale can be found here. 0.84% of the stock is owned by company insiders.
Several equities research analysts recently commented on the stock. ValuEngine lowered shares of Regions Financial from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Morgan Stanley boosted their price target on shares of Regions Financial from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Barclays reaffirmed a “sell” rating and set a $20.00 target price on shares of Regions Financial in a report on Tuesday, January 23rd. B. Riley reissued a “hold” rating and set a $19.00 price target on shares of Regions Financial in a research report on Monday, January 22nd. Finally, Sandler O’Neill raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.25.
Shares of RF stock traded down $0.61 during trading hours on Friday, hitting $18.23. The stock had a trading volume of 12,367,686 shares, compared to its average volume of 10,690,081. The company has a market capitalization of $20,464.36, a P/E ratio of 18.23, a PEG ratio of 1.35 and a beta of 1.26. Regions Financial Corp has a twelve month low of $13.00 and a twelve month high of $20.21. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53.
Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the company earned $0.23 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. research analysts predict that Regions Financial Corp will post 1.35 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 9th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Thursday, March 8th. Regions Financial’s dividend payout ratio is presently 36.00%.
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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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