Xponance Inc. Sells 7,256 Shares of Regions Financial Co. (NYSE:RF)

Xponance Inc. lowered its position in Regions Financial Co. (NYSE:RF) by 5.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,529 shares of the bank’s stock after selling 7,256 shares during the period. Xponance Inc.’s holdings in Regions Financial were worth $2,530,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RF. Whittier Trust Co. increased its holdings in shares of Regions Financial by 16.5% during the fourth quarter. Whittier Trust Co. now owns 3,881 shares of the bank’s stock valued at $75,000 after acquiring an additional 549 shares in the last quarter. Pinnacle Financial Partners Inc increased its holdings in shares of Regions Financial by 0.4% during the fourth quarter. Pinnacle Financial Partners Inc now owns 144,317 shares of the bank’s stock valued at $2,797,000 after acquiring an additional 606 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Regions Financial by 2.6% during the fourth quarter. SG Americas Securities LLC now owns 25,569 shares of the bank’s stock valued at $496,000 after acquiring an additional 654 shares in the last quarter. Bangor Savings Bank increased its holdings in shares of Regions Financial by 1.5% during the fourth quarter. Bangor Savings Bank now owns 45,952 shares of the bank’s stock valued at $891,000 after acquiring an additional 667 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in shares of Regions Financial by 3.7% during the fourth quarter. Perigon Wealth Management LLC now owns 20,029 shares of the bank’s stock valued at $388,000 after acquiring an additional 709 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Up 1.5 %

Regions Financial stock opened at $19.19 on Tuesday. The business has a 50-day simple moving average of $19.33 and a two-hundred day simple moving average of $18.03. The company has a market cap of $17.63 billion, a P/E ratio of 10.43, a P/E/G ratio of 1.37 and a beta of 1.21. Regions Financial Co. has a 52-week low of $13.72 and a 52-week high of $21.08. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. Analysts predict that Regions Financial Co. will post 1.97 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a dividend of $0.24 per share. The ex-dividend date is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.00%. Regions Financial’s payout ratio is currently 52.17%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RF. Citigroup upgraded Regions Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $20.00 to $23.00 in a report on Monday, March 18th. Barclays reiterated an “underweight” rating and issued a $22.00 price objective (up from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Morgan Stanley reduced their price objective on Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Monday. Keefe, Bruyette & Woods lifted their price objective on Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Finally, Argus downgraded Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.17.

Regions Financial Company Profile

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.