Regions Financial Corp (RF) Shares Bought by Raymond James & Associates

Raymond James & Associates grew its stake in shares of Regions Financial Corp (NYSE:RF) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,497,369 shares of the bank’s stock after acquiring an additional 89,462 shares during the period. Raymond James & Associates owned 0.13% of Regions Financial worth $25,875,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Two Sigma Securities LLC bought a new position in shares of Regions Financial in the fourth quarter worth $226,000. Avestar Capital LLC bought a new position in shares of Regions Financial in the fourth quarter worth $135,000. Ellington Management Group LLC bought a new position in shares of Regions Financial in the fourth quarter worth $354,000. Stone Ridge Asset Management LLC bought a new position in shares of Regions Financial in the fourth quarter worth $1,095,000. Finally, Baker Avenue Asset Management LP increased its holdings in shares of Regions Financial by 10.6% in the fourth quarter. Baker Avenue Asset Management LP now owns 89,070 shares of the bank’s stock worth $1,539,000 after purchasing an additional 8,567 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.

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Shares of NYSE:RF traded down $0.61 on Friday, reaching $18.23. 12,367,686 shares of the company traded hands, compared to its average volume of 10,690,081. Regions Financial Corp has a 52 week low of $13.00 and a 52 week high of $20.21. The stock has a market capitalization of $20,464.36, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 1.35 and a beta of 1.26. 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 announced its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter 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 year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 9th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.97%. Regions Financial’s dividend payout ratio (DPR) is currently 36.00%.

RF has been the topic of several research analyst reports. Barclays upped their price target on shares of Regions Financial from $15.00 to $19.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. UBS raised shares of Regions Financial from a “sell” rating to a “neutral” rating and upped their price target for the stock from $15.00 to $18.00 in a report on Tuesday, December 12th. Piper Jaffray reaffirmed a “hold” rating and issued a $17.00 price target on shares of Regions Financial in a report on Tuesday, January 9th. ValuEngine raised shares of Regions Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Wedbush raised Regions Financial from a “neutral” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Thursday, December 21st. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Regions Financial has a consensus rating of “Hold” and a consensus price target of $17.25.

In other news, EVP Scott M. Peters sold 25,627 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total transaction of $499,726.50. Following the completion of the sale, the executive vice president now directly owns 240,796 shares in the company, valued at $4,695,522. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ronald G. Smith sold 92,301 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $19.32, for a total transaction of $1,783,255.32. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by company insiders.

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About Regions Financial

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.

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

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