Gulf International Bank UK Ltd decreased its position in Regions Financial Co. (NYSE:RF) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 368,253 shares of the bank’s stock after selling 22,514 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Regions Financial were worth $6,842,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. AdvisorNet Financial Inc acquired a new stake in Regions Financial during the first quarter worth approximately $117,000. Welch Investments LLC acquired a new stake in Regions Financial during the fourth quarter worth approximately $120,000. Avestar Capital LLC acquired a new stake in Regions Financial during the fourth quarter worth approximately $135,000. Captrust Financial Advisors acquired a new stake in Regions Financial during the fourth quarter worth approximately $166,000. Finally, Signaturefd LLC acquired a new stake in Regions Financial during the first quarter worth approximately $167,000. 77.58% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP William D. Ritter sold 112,333 shares of Regions Financial stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $18.64, for a total value of $2,093,887.12. Following the transaction, the executive vice president now directly owns 198,163 shares in the company, valued at approximately $3,693,758.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott M. Peters sold 70,000 shares of Regions Financial stock in a transaction on Friday, April 27th. The shares were sold at an average price of $18.94, for a total transaction of $1,325,800.00. Following the completion of the transaction, the executive vice president now owns 50,486 shares in the company, valued at $956,204.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 572,337 shares of company stock worth $10,931,520. 0.84% of the stock is currently owned by insiders.
Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 20th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.44 billion. Regions Financial had a net margin of 22.06% and a return on equity of 8.75%. During the same period last year, the firm posted $0.23 earnings per share. analysts anticipate that Regions Financial Co. will post 1.4 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 8th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.36 dividend on an annualized basis and a yield of 1.88%. Regions Financial’s dividend payout ratio (DPR) is 36.00%.
RF has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “hold” rating and set a $18.00 price objective on shares of Regions Financial in a report on Sunday, January 21st. ValuEngine raised shares of Regions Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Piper Jaffray reissued a “hold” rating and set a $18.00 price objective on shares of Regions Financial in a report on Friday, January 19th. Sandler O’Neill raised shares of Regions Financial from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. Finally, Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Regions Financial in a report on Sunday, April 22nd. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Regions Financial currently has an average rating of “Hold” and a consensus price target of $17.56.
Regions Financial Company Profile
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.