Lee Danner & Bass Inc. Has $5.66 Million Stake in Regions Financial Corporation (NYSE:RF)

Lee Danner & Bass Inc. trimmed its position in shares of Regions Financial Corporation (NYSE:RF) by 0.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,440 shares of the bank’s stock after selling 507 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Regions Financial were worth $5,659,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RF. Picton Mahoney Asset Management raised its position in shares of Regions Financial by 2,354.9% during the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after purchasing an additional 1,201 shares during the period. Millstone Evans Group LLC acquired a new position in shares of Regions Financial during the fourth quarter worth approximately $32,000. Rossby Financial LCC acquired a new position in shares of Regions Financial during the first quarter worth approximately $36,000. Grove Bank & Trust raised its position in shares of Regions Financial by 76.6% during the first quarter. Grove Bank & Trust now owns 1,876 shares of the bank’s stock worth $41,000 after purchasing an additional 814 shares during the period. Finally, TD Waterhouse Canada Inc. raised its position in Regions Financial by 181.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,225 shares of the bank’s stock valued at $76,000 after buying an additional 2,078 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Trading Up 0.5%

Shares of Regions Financial stock opened at $24.68 on Friday. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $27.96. The firm has a market cap of $22.19 billion, a PE ratio of 11.87, a P/E/G ratio of 1.97 and a beta of 0.98. The stock has a fifty day moving average price of $22.00 and a 200-day moving average price of $22.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a return on equity of 13.04% and a net margin of 21.43%. During the same quarter in the prior year, the company earned $0.37 EPS. Equities research analysts anticipate that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.05%. Regions Financial’s payout ratio is 48.08%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods lowered their price target on Regions Financial from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, April 21st. Morgan Stanley increased their price target on Regions Financial from $22.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday. Jefferies Financial Group assumed coverage on Regions Financial in a research report on Wednesday, May 21st. They issued a “hold” rating and a $24.00 price target for the company. JPMorgan Chase & Co. lowered their price target on Regions Financial from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Finally, TD Cowen assumed coverage on Regions Financial in a research report on Thursday, May 15th. They issued a “buy” rating and a $31.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.15.

Regions Financial Profile

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.