Candriam Luxembourg S.C.A. lowered its holdings in Regions Financial Corporation (NYSE:RF) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 692,344 shares of the bank’s stock after selling 22,218 shares during the period. Candriam Luxembourg S.C.A. owned approximately 0.06% of Regions Financial Corporation worth $10,544,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Salem Investment Counselors Inc. increased its holdings in Regions Financial Corporation by 0.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock worth $134,000 after acquiring an additional 26 shares during the period. IFC Holdings Incorporated FL increased its holdings in shares of Regions Financial Corporation by 0.3% in the 2nd quarter. IFC Holdings Incorporated FL now owns 20,289 shares of the bank’s stock worth $295,000 after buying an additional 58 shares during the last quarter. Advisor Partners LLC increased its holdings in shares of Regions Financial Corporation by 0.3% in the 2nd quarter. Advisor Partners LLC now owns 20,041 shares of the bank’s stock worth $293,000 after buying an additional 59 shares during the last quarter. Lbmc Investment Advisors LLC increased its holdings in shares of Regions Financial Corporation by 0.3% in the 2nd quarter. Lbmc Investment Advisors LLC now owns 31,904 shares of the bank’s stock worth $467,000 after buying an additional 109 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of Regions Financial Corporation by 0.9% in the 2nd quarter. Huntington National Bank now owns 17,347 shares of the bank’s stock worth $254,000 after buying an additional 161 shares during the last quarter. 77.72% of the stock is currently owned by institutional investors.
In related news, EVP Scott M. Peters sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $15.84, for a total value of $396,000.00. Following the transaction, the executive vice president now owns 121,459 shares of the company’s stock, valued at $1,923,910.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John B. Owen sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total transaction of $626,800.00. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
RF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.50 price target on shares of Regions Financial Corporation in a report on Friday, September 15th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $16.00 price objective (up previously from $15.00) on shares of Regions Financial Corporation in a research note on Monday, October 9th. FBR & Co cut shares of Regions Financial Corporation from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Tuesday, October 10th. J P Morgan Chase & Co upped their price objective on shares of Regions Financial Corporation from $15.50 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Finally, Nomura reaffirmed a “neutral” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Regions Financial Corporation in a research note on Thursday, October 26th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.31.
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Shares of Regions Financial Corporation (RF) traded down $0.11 during midday trading on Friday, hitting $15.17. 11,869,800 shares of the stock were exchanged, compared to its average volume of 12,745,086. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a market cap of $17,596.76, a P/E ratio of 15.80, a PEG ratio of 1.37 and a beta of 1.29. Regions Financial Corporation has a 12-month low of $12.00 and a 12-month high of $16.03.
Regions Financial Corporation (NYSE:RF) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial Corporation had a net margin of 20.14% and a return on equity of 7.56%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 EPS. equities research analysts forecast that Regions Financial Corporation will post 0.99 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, December 7th. Regions Financial Corporation’s payout ratio is presently 37.50%.
About Regions Financial Corporation
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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