HighTower Advisors LLC reduced its holdings in Regions Financial Corp (NYSE:RF) by 31.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 210,360 shares of the bank’s stock after selling 95,500 shares during the period. HighTower Advisors LLC’s holdings in Regions Financial were worth $1,883,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Citizens Financial Group Inc RI increased its stake in Regions Financial by 203.1% in the first quarter. Citizens Financial Group Inc RI now owns 3,528 shares of the bank’s stock valued at $32,000 after purchasing an additional 2,364 shares in the last quarter. HHM Wealth Advisors LLC bought a new stake in Regions Financial in the first quarter valued at approximately $47,000. Marshall Wace North America L.P. bought a new stake in Regions Financial in the fourth quarter valued at approximately $61,000. Allred Capital Management LLC increased its stake in Regions Financial by 245.3% in the first quarter. Allred Capital Management LLC now owns 7,593 shares of the bank’s stock valued at $68,000 after purchasing an additional 5,394 shares in the last quarter. Finally, Trust Co. of Vermont increased its stake in Regions Financial by 22.5% in the first quarter. Trust Co. of Vermont now owns 7,744 shares of the bank’s stock valued at $69,000 after purchasing an additional 1,420 shares in the last quarter. Institutional investors and hedge funds own 73.09% of the company’s stock.

Several equities research analysts have recently issued reports on RF shares. SunTrust Banks increased their price objective on shares of Regions Financial from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Robert W. Baird raised shares of Regions Financial from a “neutral” rating to an “outperform” rating and set a $18.00 price objective for the company in a research report on Monday, March 2nd. Wells Fargo & Co increased their price objective on shares of Regions Financial from $12.00 to $15.00 in a research report on Friday, June 5th. Nomura Securities lowered their price objective on shares of Regions Financial from $17.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $11.00 target price on shares of Regions Financial in a research report on Thursday, May 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.77.

NYSE RF opened at $10.86 on Tuesday. The firm has a 50-day moving average of $11.29 and a 200-day moving average of $12.96. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a market cap of $10.22 billion, a PE ratio of 8.48, a P/E/G ratio of 2.72 and a beta of 1.68. Regions Financial Corp has a 52-week low of $6.94 and a 52-week high of $17.54.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). Regions Financial had a return on equity of 9.09% and a net margin of 20.35%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm earned $0.37 EPS. As a group, analysts predict that Regions Financial Corp will post 0.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 5th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 5.71%. The ex-dividend date is Thursday, June 4th. Regions Financial’s dividend payout ratio (DPR) is 40.00%.

In other news, Director Jose S. Suquet bought 10,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $9.88 per share, with a total value of $98,800.00. Following the acquisition, the director now directly owns 41,527 shares in the company, valued at $410,286.76. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jose S. Suquet bought 5,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of $10.21 per share, for a total transaction of $51,050.00. Following the completion of the acquisition, the director now owns 41,527 shares in the company, valued at $423,990.67. The disclosure for this purchase can be found here. 0.47% of the stock is owned by insiders.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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

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