SG Americas Securities LLC Lowers Stock Position in Regions Financial Corporation (NYSE:RF)

SG Americas Securities LLC cut its position in Regions Financial Corporation (NYSE:RF - Free Report) by 28.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,588 shares of the bank's stock after selling 37,926 shares during the period. SG Americas Securities LLC's holdings in Regions Financial were worth $2,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prossimo Advisors LLC lifted its holdings in Regions Financial by 2.3% in the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock worth $453,000 after purchasing an additional 430 shares in the last quarter. Lake Street Advisors Group LLC raised its position in shares of Regions Financial by 2.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock valued at $456,000 after buying an additional 436 shares during the last quarter. Lido Advisors LLC lifted its holdings 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings 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 in the last quarter. Finally, Bruce G. Allen Investments LLC boosted its position 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 worth $79,000 after acquiring an additional 571 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RF. Cowen began coverage on shares of Regions Financial in a report on Wednesday, May 14th. They issued a "buy" rating on the stock. Jefferies Financial Group initiated coverage on Regions Financial in a research report on Wednesday, May 21st. They set a "hold" rating and a $24.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Wall Street Zen upgraded Regions Financial from a "sell" rating to a "hold" rating in a research report on Sunday. Finally, Morgan Stanley dropped their price target on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.80.

Regions Financial Trading Up 1.9%

Regions Financial stock traded up $0.41 during trading hours on Thursday, hitting $21.95. The company had a trading volume of 13,444,876 shares, compared to its average volume of 8,266,490. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market cap of $19.73 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.71 and a beta of 0.96. The company has a 50-day moving average price of $21.06 and a two-hundred day moving average price of $22.54. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Regions Financial had a net margin of 21.43% and a return on equity of 13.04%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. On average, sell-side analysts anticipate that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.56%. Regions Financial's dividend payout ratio is currently 48.08%.

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.