Trustmark National Bank Trust Department Sells 4,025 Shares of Regions Financial Co. (NYSE:RF)

Trustmark National Bank Trust Department lessened its holdings in Regions Financial Co. (NYSE:RF) by 18.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,491 shares of the bank’s stock after selling 4,025 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Regions Financial were worth $408,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. UniSuper Management Pty Ltd boosted its stake in Regions Financial by 1,075.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 44,781 shares of the bank’s stock worth $942,000 after acquiring an additional 40,972 shares during the last quarter. Bessemer Group Inc. raised its holdings in Regions Financial by 281.7% during the 1st quarter. Bessemer Group Inc. now owns 79,593 shares of the bank’s stock worth $1,675,000 after buying an additional 58,739 shares during the period. Pitcairn Co. raised its holdings in Regions Financial by 9.1% during the 1st quarter. Pitcairn Co. now owns 16,556 shares of the bank’s stock worth $348,000 after buying an additional 1,382 shares during the period. MQS Management LLC acquired a new stake in Regions Financial during the 1st quarter worth approximately $230,000. Finally, EntryPoint Capital LLC acquired a new stake in Regions Financial during the 1st quarter worth approximately $26,000. Institutional investors own 79.39% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. DA Davidson raised their target price on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price objective on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $27.00 to $28.00 in a report on Thursday, October 31st. Finally, Morgan Stanley lifted their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.41.

Regions Financial Trading Up 1.8 %

RF stock opened at $26.74 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The company has a fifty day moving average price of $23.85 and a two-hundred day moving average price of $21.74. Regions Financial Co. has a one year low of $15.79 and a one year high of $26.92. The stock has a market cap of $24.30 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 2.72 and a beta of 1.16.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share. Equities analysts anticipate that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.74%. Regions Financial’s payout ratio is presently 56.50%.

Regions Financial Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. 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; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.