TABR Capital Management LLC Takes Position in Regions Financial Corporation $RF

TABR Capital Management LLC bought a new stake in Regions Financial Corporation (NYSE:RF) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 231,777 shares of the bank’s stock, valued at approximately $6,281,000. Regions Financial comprises approximately 2.4% of TABR Capital Management LLC’s holdings, making the stock its 10th largest holding.

Other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC acquired a new position in Regions Financial during the 2nd quarter worth approximately $25,000. United Community Bank purchased a new stake in shares of Regions Financial in the third quarter valued at approximately $30,000. Salomon & Ludwin LLC acquired a new position in Regions Financial during the third quarter worth $32,000. Elevation Point Wealth Partners LLC acquired a new position in Regions Financial during the second quarter worth $33,000. Finally, SJS Investment Consulting Inc. raised its position in Regions Financial by 3,003.6% in the third quarter. SJS Investment Consulting Inc. now owns 1,738 shares of the bank’s stock worth $46,000 after acquiring an additional 1,682 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insider Activity

In related news, EVP William D. Ritter sold 36,000 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $28.78, for a total transaction of $1,036,080.00. Following the completion of the transaction, the executive vice president owned 17,569 shares of the company’s stock, valued at $505,635.82. This trade represents a 67.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.29% of the company’s stock.

Regions Financial Stock Up 0.3%

Shares of NYSE:RF opened at $25.30 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. The company’s fifty day moving average is $28.23 and its two-hundred day moving average is $26.81. Regions Financial Corporation has a 1-year low of $17.74 and a 1-year high of $31.53. The stock has a market capitalization of $21.84 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, January 16th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.04). The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. Regions Financial had a net margin of 22.44% and a return on equity of 12.55%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.56 EPS. Equities analysts anticipate that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 10th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the bank to purchase up to 12.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Monday, March 2nd. Regions Financial’s dividend payout ratio (DPR) is presently 46.29%.

Wall Street Analyst Weigh In

A number of analysts recently commented on RF shares. Evercore downgraded shares of Regions Financial from an “in-line” rating to an “underperform” rating and boosted their price objective for the stock from $27.00 to $29.00 in a report on Tuesday, January 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $32.00 price target on shares of Regions Financial in a research report on Tuesday, March 3rd. Brean Capital started coverage on Regions Financial in a research note on Thursday, March 12th. They set a “neutral” rating on the stock. Wells Fargo & Company lowered shares of Regions Financial from an “equal weight” rating to an “underweight” rating and set a $30.00 price target on the stock. in a research report on Friday, January 16th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $32.00 price target on shares of Regions Financial in a report on Tuesday, January 6th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.97.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.