Vestmark Advisory Solutions Inc. boosted its holdings in shares of Regions Financial Co. (NYSE:RF – Get Rating) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,791 shares of the bank’s stock after acquiring an additional 663 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Regions Financial were worth $233,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. HB Wealth Management LLC raised its stake in Regions Financial by 21.6% during the 4th quarter. HB Wealth Management LLC now owns 105,937 shares of the bank’s stock worth $2,284,000 after acquiring an additional 18,828 shares in the last quarter. HHM Wealth Advisors LLC grew its position in Regions Financial by 13.9% during the fourth quarter. HHM Wealth Advisors LLC now owns 4,101 shares of the bank’s stock worth $88,000 after buying an additional 500 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of Regions Financial in the fourth quarter valued at about $104,000. Curbstone Financial Management Corp lifted its stake in shares of Regions Financial by 13.9% during the fourth quarter. Curbstone Financial Management Corp now owns 26,600 shares of the bank’s stock valued at $573,000 after buying an additional 3,250 shares during the period. Finally, Juncture Wealth Strategies LLC lifted its stake in shares of Regions Financial by 14.9% during the fourth quarter. Juncture Wealth Strategies LLC now owns 13,141 shares of the bank’s stock valued at $283,000 after buying an additional 1,700 shares during the period. Hedge funds and other institutional investors own 72.87% of the company’s stock.
Insider Activity at Regions Financial
In other Regions Financial news, EVP William D. Ritter sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $23.42, for a total value of $304,460.00. Following the completion of the transaction, the executive vice president now owns 24,344 shares of the company’s stock, valued at approximately $570,136.48. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP C. Matthew Lusco sold 100,000 shares of the stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $22.83, for a total transaction of $2,283,000.00. Following the sale, the executive vice president now directly owns 77,843 shares of the company’s stock, valued at approximately $1,777,155.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William D. Ritter sold 13,000 shares of the firm’s stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $23.42, for a total transaction of $304,460.00. Following the sale, the executive vice president now directly owns 24,344 shares in the company, valued at approximately $570,136.48. The disclosure for this sale can be found here. 0.32% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Regions Financial Stock Performance
Shares of RF opened at $18.29 on Thursday. The stock has a 50 day moving average of $21.47 and a 200 day moving average of $21.63. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.16. Regions Financial Co. has a 12 month low of $13.94 and a 12 month high of $24.33. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 0.72 and a beta of 1.18.
Regions Financial (NYSE:RF – Get Rating) last issued its quarterly earnings results on Friday, January 20th. The bank reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Regions Financial had a net margin of 29.81% and a return on equity of 16.14%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.94 billion. As a group, sell-side analysts forecast that Regions Financial Co. will post 2.55 earnings per share for the current year.
Regions Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 4th. Investors of record on Friday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, March 9th. This represents a $0.80 annualized dividend and a yield of 4.37%. Regions Financial’s dividend payout ratio is currently 35.24%.
Regions Financial Company Profile
Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other financing. The firm operates through the following segments: Corporate Bank, Consumer Bank, Wealth Management, and Other.
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