Wrapmanager Inc. trimmed its holdings in Regions Financial Corp (NYSE:RF) by 44.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,086 shares of the bank’s stock after selling 17,820 shares during the quarter. Wrapmanager Inc.’s holdings in Regions Financial were worth $198,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Lloyd Advisory Services LLC. bought a new stake in shares of Regions Financial in the fourth quarter valued at approximately $100,000. BancorpSouth Bank grew its holdings in shares of Regions Financial by 10.8% during the 4th quarter. BancorpSouth Bank now owns 50,421 shares of the bank’s stock worth $865,000 after acquiring an additional 4,921 shares during the period. ARP Americas LP lifted its position in Regions Financial by 187.9% in the 4th quarter. ARP Americas LP now owns 150,866 shares of the bank’s stock valued at $2,589,000 after acquiring an additional 98,466 shares in the last quarter. Iberiabank Corp lifted its position in Regions Financial by 9.4% in the 4th quarter. Iberiabank Corp now owns 51,673 shares of the bank’s stock valued at $887,000 after acquiring an additional 4,443 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of Regions Financial by 1.9% during the 4th quarter. GHP Investment Advisors Inc. now owns 177,459 shares of the bank’s stock valued at $3,045,000 after buying an additional 3,322 shares during the period. 70.95% of the stock is owned by institutional investors.
Several equities analysts have recently commented on RF shares. SunTrust Banks upped their price objective on shares of Regions Financial from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Deutsche Bank cut their price objective on Regions Financial from $17.50 to $12.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. Raymond James cut Regions Financial from a “strong-buy” rating to a “market perform” rating in a report on Monday, March 9th. Nomura Securities cut their price objective on Regions Financial from $17.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Finally, Compass Point cut their price objective on Regions Financial from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $13.80.
In other news, Director Jose S. Suquet acquired 5,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $10.21 per share, with a total value of $51,050.00. Following the completion of the purchase, the director now directly owns 41,527 shares in the company, valued at $423,990.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jose S. Suquet acquired 10,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of $9.88 per share, with a total value of $98,800.00. Following the purchase, the director now owns 41,527 shares of the company’s stock, valued at $410,286.76. The disclosure for this purchase can be found here. 0.47% of the stock is owned by company insiders.
Shares of RF opened at $9.95 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.63. Regions Financial Corp has a 52 week low of $6.94 and a 52 week high of $17.54. The business’s 50 day moving average price is $9.73 and its 200-day moving average price is $13.89. The stock has a market cap of $9.54 billion, a P/E ratio of 7.47, a P/E/G ratio of 2.48 and a beta of 1.69.
Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, April 17th. The bank reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial had a net margin of 20.35% and a return on equity of 9.09%. During the same period in the previous year, the business posted $0.37 EPS. On average, equities analysts anticipate that Regions Financial Corp will post 0.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 5th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 6.23%. The ex-dividend date is Thursday, June 4th. Regions Financial’s payout ratio is currently 40.00%.
About Regions Financial
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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