United Services Automobile Association reduced its stake in shares of Regions Financial Corp (NYSE:RF) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 989,259 shares of the bank’s stock after selling 98,659 shares during the period. United Services Automobile Association owned approximately 0.10% of Regions Financial worth $18,153,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Rational Advisors LLC raised its holdings in Regions Financial by 245.8% during the 3rd quarter. Rational Advisors LLC now owns 6,217 shares of the bank’s stock worth $114,000 after buying an additional 4,419 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in Regions Financial during the 3rd quarter worth approximately $114,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Regions Financial by 8,481.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,522 shares of the bank’s stock worth $116,000 after buying an additional 6,446 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in Regions Financial during the 2nd quarter worth approximately $116,000. Finally, Advisory Services Network LLC raised its holdings in Regions Financial by 61.6% during the 2nd quarter. Advisory Services Network LLC now owns 7,694 shares of the bank’s stock worth $141,000 after buying an additional 2,933 shares during the period. Hedge funds and other institutional investors own 77.11% of the company’s stock.

Several analysts have commented on RF shares. Wedbush set a $22.00 target price on shares of Regions Financial and gave the stock a “buy” rating in a report on Friday, September 7th. Raymond James lowered their price objective on shares of Regions Financial from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. ValuEngine downgraded shares of Regions Financial from a “hold” rating to a “sell” rating in a report on Thursday, November 15th. Argus assumed coverage on shares of Regions Financial in a report on Wednesday, November 28th. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, B. Riley set a $20.00 price objective on shares of Regions Financial and gave the company a “hold” rating in a report on Monday, October 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.68.

NYSE RF opened at $15.59 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 0.88. Regions Financial Corp has a 12-month low of $15.41 and a 12-month high of $20.21. The company has a market capitalization of $16.12 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.87 and a beta of 1.29.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.04). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Regions Financial had a net margin of 26.39% and a return on equity of 10.15%. Regions Financial’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. On average, analysts predict that Regions Financial Corp will post 1.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 3.59%. Regions Financial’s payout ratio is 56.00%.

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Regions Financial Profile

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

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

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