Guggenheim Capital LLC cut its holdings in Regions Financial Corp (NYSE:RF) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,405,302 shares of the bank’s stock after selling 154,658 shares during the period. Guggenheim Capital LLC owned about 0.30% of Regions Financial worth $58,846,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Welch Investments LLC bought a new position in shares of Regions Financial in the fourth quarter valued at $120,000. Steward Partners Investment Advisory LLC bought a new position in shares of Regions Financial in the third quarter valued at $150,000. American Century Companies Inc. bought a new position in shares of Regions Financial in the third quarter valued at $159,000. Independent Advisor Alliance bought a new position in shares of Regions Financial in the third quarter valued at $165,000. Finally, Valeo Financial Advisors LLC grew its stake in shares of Regions Financial by 152.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 10,349 shares of the bank’s stock valued at $179,000 after buying an additional 6,249 shares in the last quarter. Institutional investors own 76.33% of the company’s stock.
Several research firms recently weighed in on RF. Morgan Stanley raised their target price on shares of Regions Financial from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. ValuEngine raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Barclays reissued a “sell” rating and issued a $20.00 target price on shares of Regions Financial in a research note on Tuesday, January 23rd. B. Riley reaffirmed a “hold” rating and set a $19.00 price objective on shares of Regions Financial in a research report on Monday, January 22nd. Finally, Sandler O’Neill raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.24.
Shares of Regions Financial Corp (NYSE RF) opened at $19.71 on Wednesday. The stock has a market cap of $22,361.49, a PE ratio of 19.92, a PEG ratio of 1.48 and a beta of 1.27. Regions Financial Corp has a 52-week low of $13.00 and a 52-week high of $20.21. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86.
Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. Regions Financial’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. sell-side analysts forecast that Regions Financial Corp will post 1.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be given a $0.09 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.83%. Regions Financial’s payout ratio is presently 36.00%.
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Regions Financial 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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