Enterprise Financial Services Corp Trims Stake in Regions Financial Co. (NYSE:RF)

Enterprise Financial Services Corp lowered its stake in Regions Financial Co. (NYSE:RFGet Rating) by 58.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,469 shares of the bank’s stock after selling 62,124 shares during the quarter. Enterprise Financial Services Corp’s holdings in Regions Financial were worth $969,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of Regions Financial by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 20,182,959 shares of the bank’s stock worth $439,159,000 after buying an additional 311,615 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Regions Financial by 5.1% during the 3rd quarter. Invesco Ltd. now owns 16,659,139 shares of the bank’s stock worth $355,006,000 after buying an additional 805,591 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Regions Financial by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,734,876 shares of the bank’s stock worth $343,021,000 after buying an additional 472,102 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Regions Financial by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,185,015 shares of the bank’s stock worth $287,433,000 after buying an additional 137,074 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Regions Financial during the 4th quarter worth $229,810,000. 74.90% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:RF traded up $0.51 during mid-day trading on Wednesday, reaching $20.94. The stock had a trading volume of 162,349 shares, compared to its average volume of 10,253,303. The company has a market capitalization of $19.57 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 0.56 and a beta of 1.26. Regions Financial Co. has a 1-year low of $18.02 and a 1-year high of $25.57. The stock’s 50 day simple moving average is $21.38 and its two-hundred day simple moving average is $22.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.82.

Regions Financial (NYSE:RFGet Rating) last posted its quarterly earnings results on Friday, April 22nd. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. Regions Financial had a return on equity of 14.96% and a net margin of 36.85%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm earned $0.63 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Sell-side analysts anticipate that Regions Financial Co. will post 2.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 3rd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 3.25%. Regions Financial’s payout ratio is currently 28.33%.

Several analysts recently issued reports on the company. Wolfe Research downgraded Regions Financial from an “outperform” rating to a “peer perform” rating and lowered their price target for the company from $29.00 to $24.00 in a report on Thursday, April 7th. StockNews.com assumed coverage on shares of Regions Financial in a research report on Thursday, March 31st. They issued a “hold” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of Regions Financial from $26.50 to $27.00 in a research report on Thursday, February 3rd. Citigroup reissued a “buy” rating on shares of Regions Financial in a research report on Thursday, March 24th. Finally, Wells Fargo & Company raised shares of Regions Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $24.00 to $26.00 in a research report on Monday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.27.

About Regions Financial (Get Rating)

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.

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

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