United Services Automobile Association decreased its position in Regions Financial Corp (NYSE:RF) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 220,791 shares of the bank’s stock after selling 5,053 shares during the quarter. United Services Automobile Association’s holdings in Regions Financial were worth $3,770,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Welch Group LLC boosted its stake in shares of Regions Financial by 1.4% in the third quarter. Welch Group LLC now owns 45,533 shares of the bank’s stock valued at $720,000 after buying an additional 648 shares during the period. FinTrust Capital Advisors LLC raised its holdings in Regions Financial by 15.6% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 4,823 shares of the bank’s stock valued at $76,000 after acquiring an additional 650 shares in the last quarter. Weiss Asset Management LP lifted its position in shares of Regions Financial by 7.3% during the 2nd quarter. Weiss Asset Management LP now owns 11,006 shares of the bank’s stock valued at $164,000 after acquiring an additional 747 shares during the period. Leavell Investment Management Inc. lifted its position in shares of Regions Financial by 0.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 254,557 shares of the bank’s stock valued at $4,067,000 after acquiring an additional 750 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Regions Financial by 0.5% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 193,926 shares of the bank’s stock worth $2,897,000 after purchasing an additional 870 shares in the last quarter. 71.15% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on RF shares. BMO Capital Markets downgraded Regions Financial from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. SunTrust Banks upped their price objective on shares of Regions Financial from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Goldman Sachs Group increased their price objective on shares of Regions Financial from $18.50 to $19.50 and gave the stock a “buy” rating in a research note on Monday, January 6th. ValuEngine lowered shares of Regions Financial from a “hold” rating to a “sell” rating in a report on Saturday, December 7th. Finally, Citigroup upgraded shares of Regions Financial from a “sell” rating to a “neutral” rating and boosted their target price for the company from $14.00 to $17.00 in a research report on Monday, December 16th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.24.
In other Regions Financial news, insider Hardie B. Kimbrough, Jr. sold 18,409 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $16.27, for a total transaction of $299,514.43. Following the sale, the insider now owns 20,009 shares of the company’s stock, valued at $325,546.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David R. Keenan sold 30,658 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $16.73, for a total transaction of $512,908.34. Following the transaction, the executive vice president now owns 133,675 shares of the company’s stock, valued at $2,236,382.75. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.
Shares of RF stock opened at $16.49 on Wednesday. The business has a fifty day simple moving average of $16.91 and a 200 day simple moving average of $15.84. The company has a market cap of $15.77 billion, a P/E ratio of 12.13, a P/E/G ratio of 1.48 and a beta of 1.57. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. Regions Financial Corp has a twelve month low of $13.38 and a twelve month high of $17.54.
Regions Financial (NYSE:RF) last released its earnings results on Tuesday, October 22nd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.39. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Regions Financial had a return on equity of 10.88% and a net margin of 23.78%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share. As a group, equities research analysts anticipate that Regions Financial Corp will post 1.53 earnings per share for the current fiscal year.
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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