Regions Financial Corp (RF) Holdings Cut by First Bank & Trust

Share on StockTwits

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.

Shares of RF opened at $15.56 on Wednesday. The firm has a market capitalization of $15.53 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.05 and a beta of 1.48. Regions Financial Corp has a 52-week low of $12.39 and a 52-week high of $19.99. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.87.

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%.

COPYRIGHT VIOLATION NOTICE: “Regions Financial Corp (RF) Holdings Cut by First Bank & Trust” was first published by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.tickerreport.com/banking-finance/4299213/regions-financial-corp-rf-holdings-cut-by-first-bank-trust.html.

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.

Read More: Cryptocurrencies

Want to see what other hedge funds are holding RF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regions Financial Corp (NYSE:RF).

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

Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Stock Analysts’ Updated EPS Estimates for June, 25th
Stock Analysts’ Updated EPS Estimates for June, 25th
Sharpay  Achieves Market Cap of $629,344.00
Sharpay Achieves Market Cap of $629,344.00
YENTEN  Price Reaches $0.0019 on Exchanges
YENTEN Price Reaches $0.0019 on Exchanges
Dinastycoin Price Hits $0.0002 on Major Exchanges
Dinastycoin Price Hits $0.0002 on Major Exchanges
NY MTG TR INC/SH  versus Life Storage  Head-To-Head Review
NY MTG TR INC/SH versus Life Storage Head-To-Head Review
Head-To-Head Review: Fission Uranium  & Its Peers
Head-To-Head Review: Fission Uranium & Its Peers


© 2006-2019 Ticker Report