Beverly Hills Private Wealth LLC Sells 769 Shares of Regions Financial Co. (NYSE:RF)

Beverly Hills Private Wealth LLC lowered its holdings in Regions Financial Co. (NYSE:RF) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,406 shares of the bank’s stock after selling 769 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Regions Financial were worth $202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC acquired a new position in Regions Financial in the third quarter valued at about $26,000. Dark Forest Capital Management LP acquired a new position in Regions Financial in the first quarter valued at about $26,000. Sound Income Strategies LLC boosted its position in Regions Financial by 103.2% in the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after buying an additional 750 shares in the last quarter. HM Payson & Co. boosted its position in Regions Financial by 2,000.0% in the third quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock valued at $36,000 after buying an additional 2,000 shares in the last quarter. Finally, West Paces Advisors Inc. boosted its position in Regions Financial by 277.2% in the third quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank’s stock valued at $41,000 after buying an additional 1,752 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Down 2.2 %

Shares of NYSE:RF opened at $18.80 on Wednesday. Regions Financial Co. has a 52 week low of $13.72 and a 52 week high of $21.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $17.27 billion, a PE ratio of 9.00, a PEG ratio of 1.39 and a beta of 1.21. The company has a 50 day moving average price of $19.25 and a two-hundred day moving average price of $17.96.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, January 19th. The bank reported $0.39 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.09). Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the company posted $0.67 EPS. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. Analysts forecast that Regions Financial Co. will post 1.98 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.11%. The ex-dividend date was Thursday, February 29th. Regions Financial’s dividend payout ratio is 45.93%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RF. Keefe, Bruyette & Woods upped their target price on shares of Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Evercore ISI upped 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. Argus lowered shares of Regions Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Stephens reiterated an “equal weight” rating and set a $21.00 target price on shares of Regions Financial in a research report on Tuesday, January 23rd. Finally, Jefferies Financial Group upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $15.00 to $22.00 in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.39.

About Regions Financial

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.