Highlander Capital Management LLC lowered its stake in shares of Regions Financial Corp (NYSE:RF) by 30.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,363 shares of the bank’s stock after selling 6,737 shares during the quarter. Highlander Capital Management LLC’s holdings in Regions Financial were worth $277,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Millennium Management LLC boosted its position in Regions Financial by 24.6% during the fourth quarter. Millennium Management LLC now owns 16,658,150 shares of the bank’s stock worth $287,853,000 after purchasing an additional 3,287,621 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Regions Financial by 54.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,632,585 shares of the bank’s stock worth $86,075,000 after purchasing an additional 1,633,450 shares during the period. Sirios Capital Management L P bought a new position in Regions Financial during the fourth quarter worth about $23,365,000. Cookson Peirce & Co. Inc. bought a new position in Regions Financial during the first quarter worth about $24,012,000. Finally, Principal Financial Group Inc. boosted its position in Regions Financial by 61.9% during the first quarter. Principal Financial Group Inc. now owns 3,097,100 shares of the bank’s stock worth $57,544,000 after purchasing an additional 1,183,688 shares during the period. Institutional investors own 74.95% of the company’s stock.
RF has been the subject of a number of research reports. ValuEngine upgraded shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Monday, April 23rd. B. Riley increased their target price on shares of Regions Financial from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 24th. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Regions Financial in a research report on Sunday, April 22nd. Robert W. Baird upgraded shares of Regions Financial from an “underperform” rating to a “neutral” rating in a research report on Thursday. Finally, Royal Bank of Canada raised shares of Regions Financial from a “sector perform” rating to an “outperform” rating and set a $11.00 price target on the stock in a report on Monday, June 18th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. Regions Financial has a consensus rating of “Hold” and a consensus price target of $17.17.
In other Regions Financial news, EVP David R. Keenan sold 48,101 shares of Regions Financial stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $18.76, for a total transaction of $902,374.76. Following the transaction, the executive vice president now directly owns 104,050 shares of the company’s stock, valued at $1,951,978. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott M. Peters sold 70,000 shares of Regions Financial stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $18.94, for a total transaction of $1,325,800.00. Following the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at $956,204.84. The disclosure for this sale can be found here. Insiders sold 518,290 shares of company stock worth $9,879,551 over the last ninety days. 0.84% of the stock is currently owned by insiders.
Shares of RF opened at $17.78 on Friday. The company has a market capitalization of $20.21 billion, a P/E ratio of 16.06, a P/E/G ratio of 0.91 and a beta of 1.23. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Regions Financial Corp has a 1-year low of $13.02 and a 1-year high of $20.21.
Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 20th. The bank reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. Regions Financial had a net margin of 22.06% and a return on equity of 8.75%. During the same period last year, the firm posted $0.23 earnings per share. analysts anticipate that Regions Financial Corp will post 1.4 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 8th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, June 7th. Regions Financial’s dividend payout ratio is currently 36.00%.
About Regions Financial
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.