Regions Financial Corporation $RF Shares Sold by Curbstone Financial Management Corp

Curbstone Financial Management Corp reduced its position in shares of Regions Financial Corporation (NYSE:RF) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,800 shares of the bank’s stock after selling 2,500 shares during the period. Curbstone Financial Management Corp’s holdings in Regions Financial were worth $771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of Regions Financial by 6.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 243,969 shares of the bank’s stock worth $5,301,000 after purchasing an additional 14,720 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Regions Financial by 1.1% during the first quarter. Janney Montgomery Scott LLC now owns 76,306 shares of the bank’s stock worth $1,658,000 after buying an additional 802 shares in the last quarter. Sowell Financial Services LLC grew its position in Regions Financial by 6.2% in the first quarter. Sowell Financial Services LLC now owns 16,038 shares of the bank’s stock worth $348,000 after buying an additional 943 shares during the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of Regions Financial by 62.4% in the first quarter. Kingswood Wealth Advisors LLC now owns 20,367 shares of the bank’s stock valued at $440,000 after buying an additional 7,822 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Regions Financial by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 106,478 shares of the bank’s stock valued at $2,313,000 after acquiring an additional 2,815 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Stock Performance

Shares of RF opened at $23.54 on Friday. The company has a market capitalization of $21.00 billion, a PE ratio of 10.95, a PEG ratio of 1.11 and a beta of 1.02. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82. The company’s 50 day moving average price is $26.23 and its 200 day moving average price is $23.67. Regions Financial Corporation has a 52 week low of $17.74 and a 52 week high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The business had revenue of $1.81 billion for the quarter. Research analysts expect that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.5%. Regions Financial’s dividend payout ratio (DPR) is 49.30%.

Insider Activity

In related news, EVP David R. Keenan sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total value of $750,300.00. Following the completion of the sale, the executive vice president owned 90,915 shares of the company’s stock, valued at approximately $2,273,784.15. The trade was a 24.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Roger W. Jenkins acquired 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the acquisition, the director directly owned 6,383 shares of the company’s stock, valued at $162,638.84. The trade was a 167.86% increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on RF shares. Citigroup lifted their target price on Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Stephens reissued an “equal weight” rating and issued a $27.00 price target (down previously from $30.00) on shares of Regions Financial in a research note on Tuesday. DA Davidson upped their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Barclays reiterated an “underweight” rating and issued a $27.00 target price (up from $24.00) on shares of Regions Financial in a report on Monday, July 21st. Finally, Keefe, Bruyette & Woods upped their price target on shares of Regions Financial from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.79.

Regions Financial Company 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.