Regions Financial Corporation $RF Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC decreased its position in shares of Regions Financial Corporation (NYSE:RF) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,205 shares of the bank’s stock after selling 910 shares during the quarter. Bleakley Financial Group LLC’s holdings in Regions Financial were worth $804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Hardy Reed LLC grew its holdings in Regions Financial by 1.6% during the second quarter. Hardy Reed LLC now owns 25,747 shares of the bank’s stock worth $606,000 after acquiring an additional 404 shares during the period. Greenwood Capital Associates LLC boosted its position in Regions Financial by 0.6% in the 2nd quarter. Greenwood Capital Associates LLC now owns 72,400 shares of the bank’s stock worth $1,703,000 after purchasing an additional 427 shares in the last quarter. IFG Advisory LLC grew its stake in shares of Regions Financial by 0.9% during the 1st quarter. IFG Advisory LLC now owns 52,531 shares of the bank’s stock worth $1,142,000 after purchasing an additional 470 shares during the period. Signet Financial Management LLC increased its holdings in shares of Regions Financial by 4.6% during the 2nd quarter. Signet Financial Management LLC now owns 10,896 shares of the bank’s stock valued at $256,000 after purchasing an additional 483 shares in the last quarter. Finally, Master S Wealth Management Inc. lifted its stake in shares of Regions Financial by 1.2% in the 2nd quarter. Master S Wealth Management Inc. now owns 40,303 shares of the bank’s stock valued at $948,000 after purchasing an additional 485 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several analysts recently commented on RF shares. Evercore ISI raised their price target on shares of Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Morgan Stanley set a $32.00 target price on Regions Financial in a research report on Monday, September 29th. Citigroup lifted their price target on Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. DA Davidson increased their price target on Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, Cowen restated a “buy” rating on shares of Regions Financial in a research report on Tuesday. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.19.

Regions Financial Price Performance

Regions Financial stock opened at $24.56 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $26.10 and a 200 day moving average price of $23.87. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96. The stock has a market cap of $21.92 billion, a P/E ratio of 10.82, a PEG ratio of 1.26 and a beta of 1.02.

Regions Financial (NYSE:RF) last posted its earnings results 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%. Sell-side analysts anticipate that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

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

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.