Regions Financial Co. (NYSE:RF) Shares Sold by Swedbank AB

Swedbank AB lowered its stake in shares of Regions Financial Co. (NYSE:RF) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 904,671 shares of the bank’s stock after selling 1,686 shares during the quarter. Swedbank AB owned approximately 0.10% of Regions Financial worth $21,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EntryPoint Capital LLC bought a new position in Regions Financial during the 1st quarter worth approximately $26,000. American National Bank & Trust raised its position in shares of Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,114 shares in the last quarter. Quarry LP raised its position in shares of Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after acquiring an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after purchasing an additional 1,256 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Regions Financial in the second quarter worth $32,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

NYSE RF opened at $27.47 on Tuesday. Regions Financial Co. has a 12 month low of $15.79 and a 12 month high of $27.96. The firm has a market capitalization of $24.97 billion, a PE ratio of 15.52, a P/E/G ratio of 2.83 and a beta of 1.16. The company’s 50 day simple moving average is $24.16 and its 200 day simple moving average is $21.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, equities research analysts forecast that Regions Financial Co. will post 2.12 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.64%. Regions Financial’s dividend payout ratio (DPR) is 56.50%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RF. Wells Fargo & Company raised their price target on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Thursday, October 24th. Citigroup increased their price target on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.41.

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.