Regions Financial Corporation (NYSE:RF) Shares Sold by BHK Investment Advisors LLC

BHK Investment Advisors LLC lessened its holdings in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 29.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 24,994 shares of the bank's stock after selling 10,553 shares during the quarter. BHK Investment Advisors LLC's holdings in Regions Financial were worth $543,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Foster Victor Wealth Advisors LLC increased its stake in shares of Regions Financial by 5.4% during the first quarter. Foster Victor Wealth Advisors LLC now owns 304,011 shares of the bank's stock valued at $6,606,000 after acquiring an additional 15,652 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Regions Financial by 0.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,428,091 shares of the bank's stock valued at $52,762,000 after purchasing an additional 21,169 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of Regions Financial by 62.4% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 20,367 shares of the bank's stock valued at $440,000 after purchasing an additional 7,822 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Regions Financial by 13.5% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 157,566 shares of the bank's stock valued at $3,424,000 after purchasing an additional 18,684 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Regions Financial by 4.0% in the 4th quarter. LPL Financial LLC now owns 939,376 shares of the bank's stock worth $22,094,000 after buying an additional 36,438 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

Wall Street Analyst Weigh In

RF has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Citigroup raised their price objective on shares of Regions Financial from $26.00 to $27.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods dropped their target price on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Stephens reissued an "overweight" rating and set a $24.00 target price on shares of Regions Financial in a research note on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Regions Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.15.

Regions Financial Stock Down 0.6%

RF stock opened at $24.68 on Monday. The company has a market cap of $22.19 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.95 and a beta of 0.98. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $22.41 and a two-hundred day moving average of $22.37.

Regions Financial (NYSE:RF - Get Free Report) last posted its 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 company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a net margin of 21.43% and a return on equity of 13.04%. During the same period in the previous year, the firm posted $0.37 earnings per share. On average, equities analysts anticipate that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.05%. The ex-dividend date was Monday, June 2nd. Regions Financial's payout ratio is 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.

Want to see what other hedge funds are holding RF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regions Financial Corporation (NYSE:RF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.