Brown Advisory Securities LLC grew its position in Regions Financial Corp (NYSE:RF) by 10.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 36,573 shares of the bank’s stock after purchasing an additional 3,348 shares during the quarter. Brown Advisory Securities LLC’s holdings in Regions Financial were worth $633,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of RF. Welch Investments LLC purchased a new position in shares of Regions Financial during the fourth quarter valued at approximately $120,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Regions Financial during the third quarter valued at approximately $150,000. Pax World Management LLC purchased a new position in shares of Regions Financial during the third quarter valued at approximately $154,000. Brightworth purchased a new position in shares of Regions Financial during the third quarter valued at approximately $159,000. Finally, American Century Companies Inc. purchased a new position in shares of Regions Financial during the third quarter valued at approximately $159,000. 74.03% of the stock is owned by institutional investors and hedge funds.
In other Regions Financial news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total value of $255,600.00. Following the completion of the transaction, the director now directly owns 59,436 shares in the company, valued at $1,012,789.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scott M. Peters sold 25,627 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total transaction of $499,726.50. Following the completion of the transaction, the executive vice president now owns 240,796 shares of the company’s stock, valued at $4,695,522. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. sell-side analysts anticipate that Regions Financial Corp will post 1.34 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.83%. Regions Financial’s payout ratio is currently 36.00%.
Several research firms have recently weighed in on RF. Royal Bank of Canada reissued a “hold” rating and set a $16.00 price objective on shares of Regions Financial in a report on Wednesday, October 25th. Morgan Stanley boosted their price objective on shares of Regions Financial from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. SunTrust Banks reissued a “buy” rating and set a $19.00 price objective on shares of Regions Financial in a report on Wednesday, November 29th. ValuEngine cut shares of Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, B. Riley reissued a “hold” rating and set a $19.00 price objective on shares of Regions Financial in a report on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Regions Financial has a consensus rating of “Hold” and an average target price of $17.24.
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Regions Financial Company Profile
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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