Clearbridge Investments LLC cut its stake in Regions Financial Corp (NYSE:RF) by 17.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,898,265 shares of the bank’s stock after selling 1,005,992 shares during the period. Clearbridge Investments LLC owned approximately 0.43% of Regions Financial worth $84,642,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in RF. Dimensional Fund Advisors LP lifted its position in Regions Financial by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,430,899 shares of the bank’s stock worth $219,767,000 after buying an additional 382,430 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Regions Financial by 0.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 7,104,771 shares of the bank’s stock worth $108,206,000 after buying an additional 22,026 shares in the last quarter. Legal & General Group Plc lifted its position in Regions Financial by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 6,341,024 shares of the bank’s stock worth $96,577,000 after buying an additional 122,772 shares in the last quarter. Bank of Montreal Can lifted its position in Regions Financial by 4.2% during the 4th quarter. Bank of Montreal Can now owns 5,307,667 shares of the bank’s stock worth $91,717,000 after buying an additional 213,156 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Regions Financial by 5.5% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,170,816 shares of the bank’s stock worth $63,522,000 after buying an additional 217,731 shares in the last quarter. 76.33% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Ronald G. Smith sold 92,301 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $19.32, for a total value of $1,783,255.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scott M. Peters sold 25,627 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total transaction of $499,726.50. Following the completion of the transaction, the executive vice president now owns 240,796 shares in the company, valued at approximately $4,695,522. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.
Regions Financial Corp (RF) opened at $19.92 on Tuesday. Regions Financial Corp has a 52 week low of $13.00 and a 52 week high of $20.21. The company has a market cap of $23,110.00, a PE ratio of 20.97, a P/E/G ratio of 1.50 and a beta of 1.26. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53.
Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, January 19th. The bank reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business earned $0.23 EPS. Regions Financial’s quarterly revenue was up 5.9% on a year-over-year basis. equities analysts forecast that Regions Financial Corp will post 1.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.36 dividend on an annualized basis and a yield of 1.81%. Regions Financial’s dividend payout ratio (DPR) is currently 37.89%.
Regions Financial Company Profile
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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