First National Trust Co. raised its stake in Regions Financial Corporation (NYSE:RF) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,662 shares of the bank’s stock after acquiring an additional 4,820 shares during the quarter. First National Trust Co.’s holdings in Regions Financial Corporation were worth $1,091,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Salem Investment Counselors Inc. lifted its holdings in shares of Regions Financial Corporation by 0.3% in the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock worth $134,000 after acquiring an additional 26 shares during the last quarter. IFC Holdings Incorporated FL raised its holdings in Regions Financial Corporation by 0.3% in the 2nd quarter. IFC Holdings Incorporated FL now owns 20,289 shares of the bank’s stock valued at $295,000 after buying an additional 58 shares during the last quarter. Advisor Partners LLC raised its holdings in Regions Financial Corporation by 0.3% in the 2nd quarter. Advisor Partners LLC now owns 20,041 shares of the bank’s stock valued at $293,000 after buying an additional 59 shares during the last quarter. Lbmc Investment Advisors LLC raised its holdings in Regions Financial Corporation by 0.3% in the 2nd quarter. Lbmc Investment Advisors LLC now owns 31,904 shares of the bank’s stock valued at $467,000 after buying an additional 109 shares during the last quarter. Finally, Huntington National Bank raised its holdings in Regions Financial Corporation by 0.9% in the 2nd quarter. Huntington National Bank now owns 17,347 shares of the bank’s stock valued at $254,000 after buying an additional 161 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Shares of Regions Financial Corporation (RF) traded up $0.27 during mid-day trading on Tuesday, hitting $15.44. 12,688,400 shares of the stock traded hands, compared to its average volume of 15,285,463. The firm has a market cap of $17,596.76, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29. Regions Financial Corporation has a one year low of $12.80 and a one year high of $16.03. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39.

Regions Financial Corporation (NYSE:RF) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial Corporation had a net margin of 20.14% and a return on equity of 7.56%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. equities analysts expect that Regions Financial Corporation will post 0.99 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, December 7th. Regions Financial Corporation’s payout ratio is currently 37.50%.

A number of research analysts recently issued reports on the stock. J P Morgan Chase & Co raised their price objective on shares of Regions Financial Corporation from $15.50 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Nomura reiterated a “neutral” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Regions Financial Corporation in a report on Thursday, October 26th. Royal Bank Of Canada reiterated a “hold” rating and issued a $16.00 price objective on shares of Regions Financial Corporation in a report on Wednesday, October 25th. FBR & Co reiterated a “hold” rating and issued a $16.00 price objective on shares of Regions Financial Corporation in a report on Wednesday, October 25th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $16.00 price objective (up previously from $15.00) on shares of Regions Financial Corporation in a report on Monday, October 9th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.31.

In related news, EVP John B. Owen sold 40,000 shares of Regions Financial Corporation stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total value of $626,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott M. Peters sold 25,000 shares of Regions Financial Corporation stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $15.84, for a total transaction of $396,000.00. Following the completion of the sale, the executive vice president now directly owns 121,459 shares of the company’s stock, valued at approximately $1,923,910.56. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

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About Regions Financial Corporation

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

Institutional Ownership by Quarter for Regions Financial Corporation (NYSE:RF)

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