First Bank & Trust lessened its holdings in Regions Financial Corp (NYSE:RF) by 13.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,915 shares of the bank’s stock after selling 901 shares during the period. First Bank & Trust’s holdings in Regions Financial were worth $84,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of RF. JPMorgan Chase & Co. boosted its position in shares of Regions Financial by 17.7% during the third quarter. JPMorgan Chase & Co. now owns 20,054,121 shares of the bank’s stock worth $367,993,000 after purchasing an additional 3,013,569 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Regions Financial by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 15,010,538 shares of the bank’s stock valued at $200,519,000 after purchasing an additional 432,350 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Regions Financial by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,604,931 shares of the bank’s stock worth $195,420,000 after buying an additional 286,879 shares during the last quarter. Norges Bank purchased a new stake in Regions Financial during the fourth quarter worth about $146,362,000. Finally, Bank of New York Mellon Corp increased its holdings in Regions Financial by 7.4% during the fourth quarter. Bank of New York Mellon Corp now owns 10,151,840 shares of the bank’s stock worth $135,832,000 after buying an additional 696,044 shares during the last quarter. 74.38% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on the stock. ValuEngine downgraded shares of Regions Financial from a “sell” rating to a “strong sell” rating in a report on Thursday, March 21st. Sandler O’Neill upgraded shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Wedbush lowered shares of Regions Financial from an “outperform” rating to a “neutral” rating and set a $17.00 price objective for the company. in a report on Monday, February 4th. They noted that the move was a valuation call. Nomura upgraded shares of Regions Financial from a “reduce” rating to a “neutral” rating and set a $14.00 price objective for the company in a report on Friday, March 29th. Finally, Barclays reaffirmed a “sell” rating and issued a $17.00 target price on shares of Regions Financial in a research note on Thursday, February 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.28.
Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.49 billion. Regions Financial had a return on equity of 10.84% and a net margin of 27.23%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. On average, sell-side analysts anticipate that Regions Financial Corp will post 1.59 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.56 dividend on an annualized basis and a yield of 3.60%. Regions Financial’s dividend payout ratio is presently 41.18%.
About Regions Financial
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding 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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