Regions Financial Co. (NYSE:RF) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC lowered its stake in Regions Financial Co. (NYSE:RF - Free Report) by 59.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,716 shares of the bank's stock after selling 29,221 shares during the period. Integrated Advisors Network LLC's holdings in Regions Financial were worth $428,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bruce G. Allen Investments LLC raised its stake in shares of Regions Financial by 18.6% during the first quarter. Bruce G. Allen Investments LLC now owns 3,641 shares of the bank's stock valued at $79,000 after acquiring an additional 571 shares in the last quarter. International Private Wealth Advisors LLC grew its holdings in Regions Financial by 10.5% in the first quarter. International Private Wealth Advisors LLC now owns 17,300 shares of the bank's stock worth $376,000 after purchasing an additional 1,640 shares during the last quarter. Tounjian Advisory Partners LLC purchased a new position in Regions Financial in the first quarter worth $1,324,000. Farther Finance Advisors LLC grew its holdings in Regions Financial by 128.6% in the first quarter. Farther Finance Advisors LLC now owns 11,105 shares of the bank's stock worth $240,000 after purchasing an additional 6,248 shares during the last quarter. Finally, Greystone Financial Group LLC purchased a new position in Regions Financial in the first quarter worth $7,440,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Regions Financial Stock Down 2.7%

Shares of NYSE:RF traded down $0.61 during trading on Friday, hitting $21.47. The company's stock had a trading volume of 10,896,423 shares, compared to its average volume of 8,194,732. The company has a market capitalization of $19.30 billion, a PE ratio of 11.07, a P/E/G ratio of 1.93 and a beta of 0.96. The business has a 50 day moving average price of $20.92 and a two-hundred day moving average price of $22.63. Regions Financial Co. has a fifty-two week low of $17.74 and a fifty-two week high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm posted $0.37 earnings per share. As a group, research analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.66%. Regions Financial's payout ratio is 48.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RF. Morgan Stanley dropped their price objective on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a report on Monday, April 7th. Cowen started coverage on shares of Regions Financial in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Jefferies Financial Group started coverage on shares of Regions Financial in a research report on Wednesday, May 21st. They set a "hold" rating and a $24.00 price target for the company. Barclays reduced 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 report on Monday, April 21st. Finally, The Goldman Sachs Group cut their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $25.80.

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.