Regions Financial Corporation $RF Shares Sold by Ethic Inc.

Ethic Inc. decreased its holdings in shares of Regions Financial Corporation (NYSE:RF) by 18.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,198 shares of the bank’s stock after selling 28,940 shares during the quarter. Ethic Inc.’s holdings in Regions Financial were worth $3,063,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Meadow Creek Wealth Advisors LLC boosted its holdings in shares of Regions Financial by 227.2% during the second quarter. Meadow Creek Wealth Advisors LLC now owns 30,665 shares of the bank’s stock worth $721,000 after purchasing an additional 21,293 shares during the last quarter. Greatmark Investment Partners Inc. boosted its holdings in Regions Financial by 11.8% in the second quarter. Greatmark Investment Partners Inc. now owns 14,404 shares of the bank’s stock valued at $339,000 after acquiring an additional 1,516 shares during the last quarter. Denali Advisors LLC acquired a new position in Regions Financial in the second quarter valued at $412,000. FNY Investment Advisers LLC acquired a new position in Regions Financial in the second quarter valued at $30,000. Finally, D.A. Davidson & CO. acquired a new position in Regions Financial in the second quarter valued at $321,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Trading Up 1.9%

Shares of RF opened at $24.56 on Friday. The stock’s 50-day moving average is $26.10 and its two-hundred day moving average is $23.83. The stock has a market cap of $21.92 billion, a PE ratio of 10.82, a P/E/G ratio of 1.24 and a beta of 1.02. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.81.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. The company had revenue of $1.81 billion for the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%. Equities analysts forecast that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, December 1st. Regions Financial’s payout ratio is presently 46.70%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Evercore ISI lifted their target price on Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Cantor Fitzgerald assumed coverage on Regions Financial in a report on Wednesday, September 10th. They issued an “overweight” rating and a $30.00 target price on the stock. Barclays reiterated an “underweight” rating and issued a $27.00 target price (up previously from $24.00) on shares of Regions Financial in a report on Monday, July 21st. Morgan Stanley set a $32.00 target price on Regions Financial in a report on Monday, September 29th. Finally, Stephens reiterated an “equal weight” rating and issued a $27.00 target price (down previously from $30.00) on shares of Regions Financial in a report on Tuesday, October 14th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.19.

Insider Transactions at Regions Financial

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

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.