Financial Counselors Inc. Cuts Stake in Regions Financial Corporation (NYSE:RF)

Financial Counselors Inc. lowered its position in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 618,485 shares of the bank's stock after selling 25,075 shares during the quarter. Financial Counselors Inc. owned 0.07% of Regions Financial worth $13,440,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of RF. First Horizon Advisors Inc. raised its stake in shares of Regions Financial by 8.7% during the first quarter. First Horizon Advisors Inc. now owns 6,641 shares of the bank's stock valued at $144,000 after purchasing an additional 532 shares during the period. Lido Advisors LLC increased its stake in shares of Regions Financial by 2.6% in the fourth quarter. Lido Advisors LLC now owns 22,291 shares of the bank's stock worth $530,000 after buying an additional 558 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Regions Financial by 20.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,316 shares of the bank's stock worth $86,000 after buying an additional 567 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of Regions Financial by 18.6% in the first quarter. Bruce G. Allen Investments LLC now owns 3,641 shares of the bank's stock worth $79,000 after buying an additional 571 shares during the last quarter. Finally, Dean Capital Management increased its stake in shares of Regions Financial by 0.8% in the fourth quarter. Dean Capital Management now owns 73,151 shares of the bank's stock worth $1,721,000 after buying an additional 593 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on RF shares. Morgan Stanley lifted their price target on shares of Regions Financial from $22.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 3rd. Keefe, Bruyette & Woods dropped their price target on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group dropped their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Citigroup lifted their price target on shares of Regions Financial from $26.00 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Barclays dropped their price target on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Regions Financial has a consensus rating of "Moderate Buy" and an average price target of $26.15.

Regions Financial Stock Down 0.9%

Regions Financial stock opened at $24.57 on Tuesday. The company has a 50-day simple moving average of $22.08 and a 200-day simple moving average of $22.35. The firm has a market capitalization of $22.09 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.97 and a beta of 0.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Corporation has a one year low of $17.74 and a one year high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a net margin of 21.43% and a return on equity of 13.04%. During the same quarter in the prior year, the firm earned $0.37 earnings per share. As a group, equities analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 2nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.07%. The ex-dividend date was Monday, June 2nd. Regions Financial's payout ratio is currently 48.08%.

Regions Financial 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.

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