US Bancorp DE Sells 2,807 Shares of Regions Financial Co. (NYSE:RF)

US Bancorp DE lowered its stake in shares of Regions Financial Co. (NYSE:RFGet Rating) by 1.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 191,365 shares of the bank’s stock after selling 2,807 shares during the quarter. US Bancorp DE’s holdings in Regions Financial were worth $4,259,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RF. Mystic Asset Management Inc. bought a new stake in Regions Financial during the 4th quarter worth about $25,000. Delos Wealth Advisors LLC bought a new position in shares of Regions Financial in the 4th quarter valued at about $27,000. DeDora Capital Inc. bought a new position in shares of Regions Financial in the 1st quarter valued at about $27,000. Riverview Trust Co bought a new position in shares of Regions Financial in the 1st quarter valued at about $27,000. Finally, Tcwp LLC bought a new position in shares of Regions Financial in the 1st quarter valued at about $28,000. Institutional investors own 73.61% of the company’s stock.

Analyst Ratings Changes

RF has been the topic of several recent research reports. Wedbush raised their target price on shares of Regions Financial to $24.00 in a research note on Monday, July 25th. The Goldman Sachs Group reduced their target price on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, May 31st. Keefe, Bruyette & Woods raised shares of Regions Financial from an “underperform” rating to a “market perform” rating and raised their target price for the company from $24.00 to $26.00 in a research note on Thursday, June 2nd. Jefferies Financial Group reduced their target price on shares of Regions Financial from $24.00 to $22.00 in a research note on Monday, July 11th. Finally, Citigroup downgraded shares of Regions Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $20.00 in a research report on Tuesday, July 12th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.60.

Regions Financial Stock Performance

Shares of RF stock opened at $21.69 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $20.27 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 0.31 and a beta of 1.29. The company’s 50 day moving average price is $20.64 and its two-hundred day moving average price is $21.33. Regions Financial Co. has a 52 week low of $18.01 and a 52 week high of $25.57.

Regions Financial (NYSE:RFGet Rating) last announced its earnings results on Friday, July 22nd. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.69 billion. Regions Financial had a net margin of 32.85% and a return on equity of 14.07%. During the same period last year, the company posted $0.77 EPS. On average, analysts expect that Regions Financial Co. will post 2.35 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd will be paid a dividend of $0.20 per share. This is a boost from Regions Financial’s previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Thursday, September 1st. Regions Financial’s dividend payout ratio (DPR) is currently 30.63%.

Regions Financial Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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