Foster & Motley Inc. Sells 39,205 Shares of Regions Financial Co. (NYSE:RF)

Foster & Motley Inc. cut its stake in Regions Financial Co. (NYSE:RF) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,386 shares of the bank’s stock after selling 39,205 shares during the quarter. Foster & Motley Inc.’s holdings in Regions Financial were worth $3,225,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Wellington Management Group LLP increased its position in Regions Financial by 8.4% during the third quarter. Wellington Management Group LLP now owns 53,824,390 shares of the bank’s stock worth $925,780,000 after acquiring an additional 4,160,768 shares during the period. Bahl & Gaynor Inc. increased its position in Regions Financial by 162.1% during the third quarter. Bahl & Gaynor Inc. now owns 5,904,595 shares of the bank’s stock worth $101,559,000 after acquiring an additional 3,651,390 shares during the period. Vanguard Group Inc. grew its stake in Regions Financial by 2.7% during the third quarter. Vanguard Group Inc. now owns 114,585,518 shares of the bank’s stock worth $1,970,871,000 after buying an additional 2,982,310 shares in the last quarter. Invesco Ltd. grew its stake in Regions Financial by 15.1% during the third quarter. Invesco Ltd. now owns 11,086,142 shares of the bank’s stock worth $190,682,000 after buying an additional 1,455,499 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Regions Financial by 13.4% during the third quarter. Northern Trust Corp now owns 10,761,543 shares of the bank’s stock worth $185,099,000 after buying an additional 1,268,045 shares in the last quarter. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Performance

NYSE RF opened at $19.19 on Tuesday. The company has a fifty day simple moving average of $19.33 and a 200 day simple moving average of $18.03. Regions Financial Co. has a 12-month low of $13.72 and a 12-month high of $21.08. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The company has a market cap of $17.63 billion, a P/E ratio of 10.43, a PEG ratio of 1.37 and a beta of 1.21.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. Sell-side analysts predict that Regions Financial Co. will post 1.97 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.24 per share. The ex-dividend date is Friday, May 31st. This represents a $0.96 annualized dividend and a dividend yield of 5.00%. Regions Financial’s dividend payout ratio is currently 52.17%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RF shares. Barclays reiterated an “underweight” rating and set a $22.00 price objective (up from $20.00) on shares of Regions Financial in a research note on Tuesday, January 2nd. Stephens restated an “equal weight” rating and issued a $21.00 price target on shares of Regions Financial in a research note on Tuesday, January 23rd. Citigroup upgraded shares of Regions Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $20.00 to $23.00 in a research note on Monday, March 18th. Royal Bank of Canada lifted their target price on shares of Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Finally, Evercore ISI lifted their target price on shares of Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Regions Financial presently has a consensus rating of “Hold” and a consensus target price of $20.17.

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.