Achmea Investment Management B.V. lowered its position in Regions Financial Corporation (NYSE:RF) by 28.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,267 shares of the bank’s stock after selling 73,081 shares during the period. Achmea Investment Management B.V.’s holdings in Regions Financial Corporation were worth $2,739,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. USA Financial Portformulas Corp lifted its stake in shares of Regions Financial Corporation by 17.1% during the 2nd quarter. USA Financial Portformulas Corp now owns 36,303 shares of the bank’s stock worth $531,000 after purchasing an additional 5,295 shares during the period. Sentry Investment Management LLC lifted its stake in shares of Regions Financial Corporation by 0.7% during the 2nd quarter. Sentry Investment Management LLC now owns 53,166 shares of the bank’s stock worth $778,000 after purchasing an additional 345 shares during the period. Toronto Dominion Bank lifted its stake in shares of Regions Financial Corporation by 24.8% during the 2nd quarter. Toronto Dominion Bank now owns 408,156 shares of the bank’s stock worth $5,974,000 after purchasing an additional 81,188 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in shares of Regions Financial Corporation by 194.0% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 36,225 shares of the bank’s stock worth $531,000 after purchasing an additional 23,902 shares during the period. Finally, Koch Industries Inc. purchased a new position in shares of Regions Financial Corporation during the 2nd quarter worth $614,000. 75.68% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on RF shares. Jefferies Group LLC reiterated a “hold” rating and issued a $16.00 price target on shares of Regions Financial Corporation in a report on Friday, August 11th. Royal Bank Of Canada reiterated a “hold” rating and issued a $16.00 price target on shares of Regions Financial Corporation in a report on Wednesday. Instinet reiterated a “neutral” rating and issued a $16.00 price target on shares of Regions Financial Corporation in a report on Wednesday, July 12th. Vining Sparks upgraded Regions Financial Corporation from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, July 26th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $14.50 price target on shares of Regions Financial Corporation in a report on Thursday, August 17th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.10.
In other news, CFO David J. Turner, Jr. sold 65,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $14.95, for a total value of $971,750.00. Following the completion of the sale, the chief financial officer now owns 121,160 shares in the company, valued at approximately $1,811,342. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scott M. Peters sold 25,000 shares of the company’s stock in a transaction on 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 owns 121,459 shares of the company’s stock, valued at approximately $1,923,910.56. The disclosure for this sale can be found here. Insiders have sold a total of 100,000 shares of company stock valued at $1,520,050 in the last 90 days. 0.52% of the stock is currently owned by company insiders.
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Regions Financial Corporation (NYSE RF) traded down 0.57% during midday trading on Friday, hitting $15.72. 11,897,783 shares of the company traded hands. The stock’s 50-day moving average is $14.75 and its 200-day moving average is $14.35. Regions Financial Corporation has a 12-month low of $10.32 and a 12-month high of $16.03. The firm has a market capitalization of $18.79 billion, a PE ratio of 16.43 and a beta of 1.34.
Regions Financial Corporation (NYSE:RF) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. Regions Financial Corporation had a net margin of 20.14% and a return on equity of 7.56%. Regions Financial Corporation’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 EPS. Analysts anticipate that Regions Financial Corporation will post $0.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.36 dividend on an annualized basis and a yield of 2.29%. Regions Financial Corporation’s dividend payout ratio (DPR) is presently 37.50%.
Regions Financial Corporation 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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