Regions Financial Co. (NYSE:RF) Shares Sold by Duality Advisers LP

Duality Advisers LP trimmed its stake in shares of Regions Financial Co. (NYSE:RF) by 82.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,411 shares of the bank’s stock after selling 142,941 shares during the quarter. Duality Advisers LP’s holdings in Regions Financial were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Whittier Trust Co. raised its position in shares of Regions Financial by 16.5% during the 4th quarter. Whittier Trust Co. now owns 3,881 shares of the bank’s stock worth $75,000 after purchasing an additional 549 shares during the period. Pinnacle Financial Partners Inc grew its holdings in Regions Financial by 0.4% in the 4th quarter. Pinnacle Financial Partners Inc now owns 144,317 shares of the bank’s stock worth $2,797,000 after buying an additional 606 shares in the last quarter. SG Americas Securities LLC grew its holdings in Regions Financial by 2.6% in the 4th quarter. SG Americas Securities LLC now owns 25,569 shares of the bank’s stock worth $496,000 after buying an additional 654 shares in the last quarter. Bangor Savings Bank grew its holdings in Regions Financial by 1.5% in the 4th quarter. Bangor Savings Bank now owns 45,952 shares of the bank’s stock worth $891,000 after buying an additional 667 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in Regions Financial by 3.7% in the 4th quarter. Perigon Wealth Management LLC now owns 20,029 shares of the bank’s stock worth $388,000 after buying an additional 709 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Royal Bank of Canada increased their price objective on Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Jefferies Financial Group raised Regions Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $15.00 to $22.00 in a report on Tuesday, January 9th. StockNews.com lowered Regions Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Finally, Stephens reissued an “equal weight” rating and issued a $21.00 price objective on shares of Regions Financial in a report on Tuesday, January 23rd. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.17.

Insider Activity

In other Regions Financial news, Director William C. Rhodes III bought 50,000 shares of Regions Financial stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at $968,500. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Regions Financial Stock Performance

RF opened at $19.61 on Friday. The firm has a market cap of $18.02 billion, a PE ratio of 10.66, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $19.41 and a 200-day simple moving average of $18.07. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $21.08.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The business’s revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. As a group, equities analysts predict that Regions Financial Co. will post 1.95 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a $0.24 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.90%. Regions Financial’s payout ratio is currently 52.17%.

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.