Brown Advisory Inc. reduced its position in shares of Regions Financial Corp (NYSE:RF) by 6.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,054,659 shares of the bank’s stock after selling 516,904 shares during the quarter. Brown Advisory Inc.’s holdings in Regions Financial were worth $131,076,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Hanseatic Management Services Inc. raised its holdings in Regions Financial by 3.7% during the 1st quarter. Hanseatic Management Services Inc. now owns 76,179 shares of the bank’s stock valued at $1,415,000 after buying an additional 2,699 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in Regions Financial by 21.2% during the 1st quarter. Wesbanco Bank Inc. now owns 15,879 shares of the bank’s stock valued at $295,000 after buying an additional 2,775 shares during the last quarter. Pinnacle Financial Partners Inc. raised its holdings in Regions Financial by 2.1% during the 1st quarter. Pinnacle Financial Partners Inc. now owns 139,697 shares of the bank’s stock valued at $2,595,000 after buying an additional 2,817 shares during the last quarter. Green Square Capital LLC increased its position in Regions Financial by 3.4% during the 1st quarter. Green Square Capital LLC now owns 92,180 shares of the bank’s stock valued at $1,721,000 after purchasing an additional 3,068 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in Regions Financial by 18.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,059 shares of the bank’s stock valued at $391,000 after purchasing an additional 3,278 shares during the period. Institutional investors own 74.95% of the company’s stock.
A number of research analysts have issued reports on RF shares. ValuEngine raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Royal Bank of Canada raised shares of Regions Financial from a “sector perform” rating to an “outperform” rating and set a $11.00 price objective on the stock in a research report on Monday, June 18th. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Regions Financial in a research report on Sunday, April 22nd. B. Riley boosted their price objective on shares of Regions Financial from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, April 24th. Finally, Robert W. Baird raised shares of Regions Financial from an “underperform” rating to a “neutral” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Regions Financial presently has an average rating of “Hold” and a consensus price target of $17.17.
In related news, EVP William E. Horton sold 18,254 shares of the company’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $19.08, for a total value of $348,286.32. Following the transaction, the executive vice president now owns 51,463 shares in the company, valued at approximately $981,914.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scott M. Peters sold 70,000 shares of the company’s stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $18.94, for a total transaction of $1,325,800.00. Following the completion of the transaction, the executive vice president now owns 50,486 shares in the company, valued at approximately $956,204.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 518,290 shares of company stock worth $9,879,551. 0.84% of the stock is currently owned by company insiders.
Shares of NYSE:RF traded up $0.13 during midday trading on Thursday, reaching $17.99. The company’s stock had a trading volume of 12,168,127 shares, compared to its average volume of 11,133,097. The company has a market capitalization of $20.42 billion, a PE ratio of 17.99, a P/E/G ratio of 0.92 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.85. Regions Financial Corp has a 12-month low of $13.02 and a 12-month high of $20.21.
Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, April 20th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.04. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Regions Financial had a net margin of 22.06% and a return on equity of 8.75%. During the same quarter in the previous year, the business posted $0.23 EPS. equities analysts anticipate that Regions Financial Corp will post 1.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 8th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, June 7th. Regions Financial’s payout ratio is 36.00%.
Regions Financial 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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