Regions Financial Corp (RF) Holdings Cut by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. lessened its holdings in Regions Financial Corp (NYSE:RF) by 22.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 122,706 shares of the bank’s stock after selling 35,906 shares during the period. Crossmark Global Holdings Inc.’s holdings in Regions Financial were worth $2,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. Sentry Investment Management LLC grew its stake in Regions Financial by 0.7% in the 2nd quarter. Sentry Investment Management LLC now owns 53,166 shares of the bank’s stock valued at $778,000 after purchasing an additional 345 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Regions Financial by 1.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 109,428 shares of the bank’s stock valued at $1,602,000 after purchasing an additional 1,774 shares during the period. Patten Group Inc. grew its stake in Regions Financial by 4.7% in the 4th quarter. Patten Group Inc. now owns 62,888 shares of the bank’s stock valued at $1,087,000 after purchasing an additional 2,820 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management grew its stake in shares of Regions Financial by 19.0% during the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 19,365 shares of the bank’s stock worth $335,000 after acquiring an additional 3,090 shares during the period. Finally, Piedmont Investment Advisors LLC grew its stake in shares of Regions Financial by 3.6% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 108,413 shares of the bank’s stock worth $1,587,000 after acquiring an additional 3,728 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.
Shares of Regions Financial Corp (RF) opened at $18.27 on Monday. Regions Financial Corp has a 1-year low of $13.00 and a 1-year high of $19.90. The firm has a market capitalization of $20,718.18, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.36 and a beta of 1.32. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.97%. Regions Financial’s payout ratio is currently 36.00%.
RF has been the subject of several research reports. Barclays increased their price target on Regions Financial from $15.00 to $19.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. FBR & Co reiterated a “hold” rating and set a $16.00 price target on shares of Regions Financial in a research note on Wednesday, October 25th. SunTrust Banks reiterated a “buy” rating and set a $19.00 price target on shares of Regions Financial in a research note on Wednesday, November 29th. UBS Group upgraded Regions Financial from a “sell” rating to a “neutral” rating and increased their price target for the stock from $15.00 to $18.00 in a research note on Tuesday, December 12th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $17.00 price target on shares of Regions Financial in a research note on Tuesday, January 9th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.24.
In other Regions Financial news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value of $255,600.00. Following the sale, the director now owns 59,436 shares of the company’s stock, valued at approximately $1,012,789.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott M. Peters sold 25,627 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total value of $499,726.50. Following the transaction, the executive vice president now owns 240,796 shares in the company, valued at $4,695,522. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
Regions Financial Company Profile
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.
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