Snowden Capital Advisors LLC Cuts Stake in Regions Financial Co. (NYSE:RF)

Snowden Capital Advisors LLC cut its position in Regions Financial Co. (NYSE:RF) by 78.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,856 shares of the bank’s stock after selling 118,594 shares during the period. Snowden Capital Advisors LLC’s holdings in Regions Financial were worth $757,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Y.D. More Investments Ltd increased its position in shares of Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after acquiring an additional 634 shares in the last quarter. Sierra Ocean LLC bought a new position in Regions Financial in the 4th quarter valued at approximately $28,000. Picton Mahoney Asset Management boosted its stake in Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,201 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in Regions Financial during the 4th quarter valued at $32,000. Finally, Creative Capital Management Investments LLC bought a new stake in shares of Regions Financial in the 4th quarter worth $44,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.29% of the company’s stock.

Regions Financial Trading Down 0.2%

NYSE:RF opened at $22.54 on Tuesday. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The business has a fifty day moving average price of $20.72 and a 200-day moving average price of $23.20. The firm has a market capitalization of $20.26 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business posted $0.37 earnings per share. Sell-side analysts forecast that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be given a $0.25 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.44%. Regions Financial’s payout ratio is currently 48.08%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RF. Keefe, Bruyette & Woods lowered their price target on Regions Financial from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, April 21st. Morgan Stanley decreased their target price on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, April 7th. Cowen initiated coverage on shares of Regions Financial in a research note on Wednesday, May 14th. They set a “buy” rating on the stock. Wells Fargo & Company reduced their price target on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. Finally, The Goldman Sachs Group decreased their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.80.

About Regions Financial

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.