Investors Buy Shares of Regions Financial (RF) on Weakness

Investors bought shares of Regions Financial Co. (NYSE:RF) on weakness during trading hours on Monday. $34.53 million flowed into the stock on the tick-up and $20.75 million flowed out of the stock on the tick-down, for a money net flow of $13.78 million into the stock. Of all equities tracked, Regions Financial had the 23rd highest net in-flow for the day. Regions Financial traded down ($0.04) for the day and closed at $18.47

A number of research analysts have weighed in on the company. Sandler O’Neill raised Regions Financial from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. B. Riley reaffirmed a “hold” rating and set a $19.00 target price on shares of Regions Financial in a report on Monday, January 22nd. ValuEngine lowered Regions Financial from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Piper Jaffray reaffirmed a “hold” rating and set a $18.00 target price on shares of Regions Financial in a report on Friday, January 19th. Finally, Morgan Stanley lifted their target price on Regions Financial from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.25.

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The company has a market capitalization of $20,733.77, a PE ratio of 18.47, a P/E/G ratio of 1.03 and a beta of 1.26. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. Regions Financial’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. analysts predict that Regions Financial Co. will post 1.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 9th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.01%. The ex-dividend date was Thursday, March 8th. Regions Financial’s dividend payout ratio is currently 36.00%.

In other Regions Financial news, EVP Ronald G. Smith sold 92,301 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $19.32, for a total value of $1,783,255.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott M. Peters sold 25,627 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 240,796 shares of the company’s stock, valued at approximately $4,695,522. The disclosure for this sale can be found here. 0.84% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Hanseatic Management Services Inc. lifted its position in Regions Financial by 3.9% in the fourth quarter. Hanseatic Management Services Inc. now owns 73,480 shares of the bank’s stock valued at $1,270,000 after purchasing an additional 2,766 shares during the last quarter. Patten Group Inc. lifted its position in Regions Financial by 4.7% in the fourth quarter. Patten Group Inc. now owns 62,888 shares of the bank’s stock valued at $1,087,000 after purchasing an additional 2,820 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management lifted its position in Regions Financial by 19.0% in 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 purchasing an additional 3,090 shares during the last quarter. New Mexico Educational Retirement Board lifted its position in Regions Financial by 2.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 114,913 shares of the bank’s stock valued at $1,986,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Brown Advisory Securities LLC lifted its position in Regions Financial by 10.1% in the fourth quarter. Brown Advisory Securities LLC now owns 36,573 shares of the bank’s stock valued at $633,000 after purchasing an additional 3,348 shares during the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

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Regions Financial Company Profile

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

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