Stephens Inc. AR Reduces Stake in Regions Financial Corp (RF)

Stephens Inc. AR decreased its stake in shares of Regions Financial Corp (NYSE:RF) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 136,038 shares of the bank’s stock after selling 5,504 shares during the quarter. Stephens Inc. AR’s holdings in Regions Financial were worth $2,351,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of RF. Thrivent Financial For Lutherans increased its holdings in shares of Regions Financial by 3.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 45,537 shares of the bank’s stock worth $667,000 after purchasing an additional 1,310 shares during the period. Macquarie Group Ltd. increased its stake in Regions Financial by 29.6% in the second quarter. Macquarie Group Ltd. now owns 51,242 shares of the bank’s stock valued at $750,000 after acquiring an additional 11,700 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Regions Financial in the second quarter valued at about $1,848,000. Raymond James Financial Services Advisors Inc. increased its stake in Regions Financial by 1.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 109,428 shares of the bank’s stock valued at $1,602,000 after acquiring an additional 1,774 shares during the period. Finally, Piedmont Investment Advisors LLC increased its stake in Regions Financial by 3.6% in the second quarter. Piedmont Investment Advisors LLC now owns 108,413 shares of the bank’s stock valued at $1,587,000 after acquiring an additional 3,728 shares during the period. Institutional investors own 76.99% of the company’s stock.

In other 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 transaction of $255,600.00. Following the transaction, the director now directly owns 59,436 shares in the company, valued at $1,012,789.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 transaction, the executive vice president now owns 240,796 shares in the company, valued at $4,695,522. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.

RF has been the topic of a number of analyst reports. FBR & Co reissued a “hold” rating and issued a $16.00 target price on shares of Regions Financial in a research note on Wednesday, October 25th. Royal Bank of Canada reissued a “hold” rating and issued a $16.00 target price on shares of Regions Financial in a research note on Wednesday, October 25th. Nomura reissued a “neutral” rating and issued a $17.00 target price (up previously from $16.00) on shares of Regions Financial in a research note on Thursday, October 26th. JPMorgan Chase & Co. upped their target price on shares of Regions Financial from $15.50 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Finally, Goldman Sachs Group raised shares of Regions Financial from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, November 16th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.24.

Shares of Regions Financial Corp (NYSE RF) opened at $17.90 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $21,500.64, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.41 and a beta of 1.32. Regions Financial Corp has a 52 week low of $13.00 and a 52 week high of $19.90.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. sell-side analysts predict that Regions Financial Corp will post 1.34 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.01%. Regions Financial’s dividend payout ratio is 36.00%.

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

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