Simplicity Solutions LLC Sells 3,085 Shares of Regions Financial Co. (NYSE:RF)

Simplicity Solutions LLC cut its stake in shares of Regions Financial Co. (NYSE:RF) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,336 shares of the bank’s stock after selling 3,085 shares during the period. Simplicity Solutions LLC’s holdings in Regions Financial were worth $491,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RF. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Regions Financial in the third quarter worth approximately $26,000. Dark Forest Capital Management LP bought a new position in shares of Regions Financial in the first quarter worth approximately $26,000. Sound Income Strategies LLC increased its position in shares of Regions Financial by 103.2% in the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after purchasing an additional 750 shares during the last quarter. HM Payson & Co. increased its position in shares of Regions Financial by 2,000.0% in the third quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock worth $36,000 after purchasing an additional 2,000 shares during the last quarter. Finally, West Paces Advisors Inc. increased its position in shares of Regions Financial by 277.2% in the third quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank’s stock worth $41,000 after purchasing an additional 1,752 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Performance

Shares of RF stock opened at $19.00 on Friday. The stock has a fifty day moving average of $19.30 and a 200 day moving average of $17.97. Regions Financial Co. has a 52 week low of $13.72 and a 52 week high of $21.08. The firm has a market capitalization of $17.46 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 1.36 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, January 19th. The bank reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the business earned $0.67 EPS. The business’s revenue was down 9.5% compared to the same quarter last year. As a group, research analysts expect that Regions Financial Co. will post 1.98 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Monday, June 3rd. Regions Financial’s payout ratio is 45.93%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RF. Citigroup raised Regions Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $20.00 to $23.00 in a research note on Monday, March 18th. StockNews.com lowered Regions Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Keefe, Bruyette & Woods upped their target price on Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Morgan Stanley upped their target price on Regions Financial from $21.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada upped their target price on Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.39.

About Regions Financial

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.