Siena Capital Partners GP LLC Has $7.92 Million Position in Regions Financial Corporation (RF)

Siena Capital Partners GP LLC lessened its holdings in Regions Financial Corporation (NYSE:RF) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 458,383 shares of the bank’s stock after selling 20,000 shares during the period. Regions Financial makes up about 8.3% of Siena Capital Partners GP LLC’s investment portfolio, making the stock its 3rd largest position. Siena Capital Partners GP LLC’s holdings in Regions Financial were worth $7,921,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RF. BB&T Securities LLC bought a new stake in Regions Financial in the second quarter worth $177,000. Pacer Advisors Inc. increased its position in Regions Financial by 8.3% during the second quarter. Pacer Advisors Inc. now owns 25,243 shares of the bank’s stock valued at $370,000 after acquiring an additional 1,939 shares during the last quarter. Meiji Yasuda Life Insurance Co bought a new position in Regions Financial during the second quarter valued at $371,000. Calamos Advisors LLC increased its position in Regions Financial by 29.0% during the second quarter. Calamos Advisors LLC now owns 263,718 shares of the bank’s stock valued at $3,861,000 after acquiring an additional 59,327 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its position in Regions Financial by 124.9% during the second quarter. IFM Investors Pty Ltd now owns 37,848 shares of the bank’s stock valued at $554,000 after acquiring an additional 21,019 shares during the last quarter. Institutional investors own 75.25% of the company’s stock.

In related news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total value of $255,600.00. Following the completion of the sale, the director now directly owns 59,436 shares of the company’s stock, valued at $1,012,789.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott M. Peters sold 25,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $15.84, for a total transaction of $396,000.00. Following the completion of the sale, the executive vice president now directly owns 121,459 shares of the company’s stock, valued at $1,923,910.56. The disclosure for this sale can be found here. Insiders have sold 80,000 shares of company stock valued at $1,278,400 over the last three months. Insiders own 0.52% of the company’s stock.

RF has been the topic of a number of analyst reports. Goldman Sachs Group upgraded shares of Regions Financial from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, November 16th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $15.50 price objective on shares of Regions Financial in a research report on Friday, September 15th. JPMorgan Chase & Co. boosted their price objective on shares of Regions Financial from $15.50 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Citigroup reiterated a “neutral” rating and set a $16.00 price objective (up previously from $15.00) on shares of Regions Financial in a research report on Monday, October 9th. Finally, SunTrust Banks reiterated a “buy” rating and set a $19.00 price objective on shares of Regions Financial in a research report on Wednesday, November 29th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.53.

Shares of Regions Financial Corporation (NYSE:RF) traded up $0.14 on Friday, hitting $17.54. 10,343,200 shares of the stock were exchanged, compared to its average volume of 9,539,566. The stock has a market capitalization of $20,200.00, a price-to-earnings ratio of 18.46, a P/E/G ratio of 1.23 and a beta of 1.30. Regions Financial Corporation has a 1 year low of $13.00 and a 1 year high of $17.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.84.

Regions Financial (NYSE:RF) last issued its earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a net margin of 20.14% and a return on equity of 7.56%. The business’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. equities analysts forecast that Regions Financial Corporation will post 0.99 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Thursday, December 7th. Regions Financial’s dividend payout ratio is currently 37.89%.

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Regions Financial Company Profile

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

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