Regions Financial Corporation $RF Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in shares of Regions Financial Corporation (NYSE:RF) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,334,747 shares of the bank’s stock after selling 807,299 shares during the period. Massachusetts Financial Services Co. MA owned 0.84% of Regions Financial worth $198,772,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial during the second quarter worth $25,000. United Community Bank acquired a new stake in shares of Regions Financial during the third quarter worth $30,000. Salomon & Ludwin LLC acquired a new stake in shares of Regions Financial during the third quarter worth $32,000. Spire Wealth Management raised its holdings in shares of Regions Financial by 91.5% during the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after purchasing an additional 557 shares during the period. Finally, Princeton Global Asset Management LLC raised its holdings in shares of Regions Financial by 260.4% during the fourth quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after purchasing an additional 854 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RF shares. Cantor Fitzgerald reissued an “overweight” rating and set a $32.00 target price on shares of Regions Financial in a report on Tuesday, March 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Regions Financial in a report on Monday, December 29th. Wells Fargo & Company cut shares of Regions Financial from an “equal weight” rating to an “underweight” rating and set a $30.00 target price on the stock. in a report on Friday, January 16th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $31.00 target price on shares of Regions Financial in a report on Tuesday, January 20th. Finally, Evercore cut shares of Regions Financial from an “in-line” rating to an “underperform” rating and increased their target price for the stock from $27.00 to $29.00 in a report on Tuesday, January 6th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.75.

Regions Financial Stock Up 0.1%

RF stock opened at $27.52 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. Regions Financial Corporation has a fifty-two week low of $18.30 and a fifty-two week high of $31.53. The firm’s 50-day simple moving average is $27.70 and its 200 day simple moving average is $26.74. The stock has a market cap of $23.76 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 1.16 and a beta of 1.03.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, January 16th. The bank reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). Regions Financial had a return on equity of 12.55% and a net margin of 22.44%.The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the business earned $0.56 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts predict that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd. Regions Financial’s dividend payout ratio (DPR) is 46.29%.

Insider Buying and Selling at Regions Financial

In related news, EVP William D. Ritter sold 36,000 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $28.78, for a total value of $1,036,080.00. Following the sale, the executive vice president owned 17,569 shares of the company’s stock, valued at $505,635.82. This trade represents a 67.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by company insiders.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.