Regions Financial Corp (NYSE:RF) Shares Bought by GWM Advisors LLC

GWM Advisors LLC boosted its holdings in Regions Financial Corp (NYSE:RF) by 4.7% in the first quarter, HoldingsChannel reports. The firm owned 59,835 shares of the bank’s stock after purchasing an additional 2,693 shares during the period. GWM Advisors LLC’s holdings in Regions Financial were worth $847,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Lindbrook Capital LLC purchased a new position in shares of Regions Financial during the fourth quarter valued at approximately $27,000. Buffington Mohr McNeal purchased a new position in shares of Regions Financial during the first quarter valued at approximately $28,000. Whittier Trust Co. boosted its position in shares of Regions Financial by 84.7% during the fourth quarter. Whittier Trust Co. now owns 2,770 shares of the bank’s stock valued at $37,000 after buying an additional 1,270 shares during the last quarter. Doyle Wealth Management purchased a new position in shares of Regions Financial during the fourth quarter valued at approximately $40,000. Finally, SRS Capital Advisors Inc. boosted its position in shares of Regions Financial by 183.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,759 shares of the bank’s stock valued at $50,000 after buying an additional 2,434 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

RF stock opened at $14.49 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.90 and a current ratio of 0.91. Regions Financial Corp has a 1-year low of $12.39 and a 1-year high of $19.99. The firm has a market capitalization of $14.43 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.37 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. Regions Financial had a return on equity of 10.76% and a net margin of 26.38%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s revenue was up .7% on a year-over-year basis. As a group, research analysts predict that Regions Financial Corp will post 1.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.86%. Regions Financial’s dividend payout ratio is presently 41.18%.

In other news, COO John B. Owen sold 61,756 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $15.25, for a total transaction of $941,779.00. Following the transaction, the chief operating officer now owns 127,152 shares of the company’s stock, valued at approximately $1,939,068. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David R. Keenan sold 30,877 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $15.50, for a total value of $478,593.50. Following the transaction, the executive vice president now directly owns 24,321 shares in the company, valued at approximately $376,975.50. The disclosure for this sale can be found here. Insiders have sold a total of 123,510 shares of company stock worth $1,889,394 in the last ninety days. Insiders own 0.28% of the company’s stock.

RF has been the topic of several analyst reports. BMO Capital Markets initiated coverage on Regions Financial in a research report on Tuesday, March 12th. They set an “outperform” rating and a $17.00 target price on the stock. Sandler O’Neill cut Regions Financial from a “buy” rating to a “hold” rating and set a $16.41 target price on the stock. in a research report on Thursday, February 28th. Raymond James cut their target price on Regions Financial from $19.50 to $18.00 and set a “strong-buy” rating on the stock in a research report on Monday, April 22nd. UBS Group set a $17.00 target price on Regions Financial and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Wedbush lifted their target price on Regions Financial from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, February 28th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $17.19.

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Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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

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