Regions Financial Corporation $RF Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its holdings in Regions Financial Corporation (NYSE:RF) by 44.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,843 shares of the bank’s stock after selling 19,249 shares during the period. Securian Asset Management Inc.’s holdings in Regions Financial were worth $646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RF. West Paces Advisors Inc. grew its stake in Regions Financial by 4.0% during the 4th quarter. West Paces Advisors Inc. now owns 10,505 shares of the bank’s stock valued at $285,000 after acquiring an additional 405 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Regions Financial by 0.6% in the 4th quarter. Park Avenue Securities LLC now owns 79,012 shares of the bank’s stock worth $2,141,000 after purchasing an additional 443 shares in the last quarter. Southeast Asset Advisors LLC boosted its holdings in shares of Regions Financial by 0.5% during the 3rd quarter. Southeast Asset Advisors LLC now owns 103,704 shares of the bank’s stock worth $2,735,000 after purchasing an additional 474 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Regions Financial by 11.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,896 shares of the bank’s stock worth $129,000 after purchasing an additional 485 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its position in shares of Regions Financial by 0.7% in the third quarter. Linden Thomas Advisory Services LLC now owns 75,163 shares of the bank’s stock valued at $1,982,000 after purchasing an additional 486 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $31.00 price objective on shares of Regions Financial in a research report on Tuesday, January 20th. Royal Bank Of Canada upped their target price on Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $32.00 target price on shares of Regions Financial in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. lowered their price target on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Finally, Morgan Stanley dropped their price objective on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.06.

Insider Transactions at Regions Financial

In related news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Regions Financial Trading Up 0.7%

RF opened at $26.81 on Friday. The business’s 50 day moving average price is $26.93 and its 200 day moving average price is $27.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $22.88 billion, a PE ratio of 11.17, a P/E/G ratio of 1.04 and a beta of 1.02. Regions Financial Corporation has a one year low of $20.79 and a one year high of $31.53.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, April 17th. The bank reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts expect that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, June 1st. Regions Financial’s dividend payout ratio (DPR) is presently 44.17%.

Regions Financial 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.