Regions Financial Corporation $RF Shares Sold by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC reduced its position in Regions Financial Corporation by 13.6% during the 2nd quarter, owning 120,480 shares after selling 18,932 shares.
• Regions Financial announced a quarterly dividend of $0.265 per share, which reflects an increase from its previous dividend of $0.25 and corresponds to an annual yield of 4.3%.
• Regions Financial has received varying analyst ratings, with a consensus target price of $27.89, indicating a generally positive outlook on the stock.

Concurrent Investment Advisors LLC reduced its position in Regions Financial Corporation (NYSE:RF - Free Report) by 13.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,480 shares of the bank's stock after selling 18,932 shares during the period. Concurrent Investment Advisors LLC's holdings in Regions Financial were worth $2,834,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. American National Bank & Trust increased its position in shares of Regions Financial by 2,433.3% in the second quarter. American National Bank & Trust now owns 1,064 shares of the bank's stock worth $25,000 after acquiring an additional 1,022 shares in the last quarter. Bayforest Capital Ltd increased its position in shares of Regions Financial by 637.3% in the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank's stock worth $27,000 after acquiring an additional 1,058 shares in the last quarter. Rossby Financial LCC purchased a new position in shares of Regions Financial in the first quarter worth approximately $36,000. Grove Bank & Trust increased its position in shares of Regions Financial by 76.6% in the first quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock worth $41,000 after acquiring an additional 814 shares in the last quarter. Finally, Groupe la Francaise purchased a new position in shares of Regions Financial in the first quarter worth approximately $41,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Price Performance

NYSE RF opened at $24.58 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $21.93 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.15 and a beta of 1.02. The company has a 50 day moving average price of $26.28 and a two-hundred day moving average price of $23.63. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $1.81 billion during the quarter. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. As a group, equities analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 4.3%. This is a boost from Regions Financial's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. Regions Financial's dividend payout ratio is presently 49.30%.

Insider Buying and Selling

In other Regions Financial news, Director Roger W. Jenkins bought 4,000 shares of Regions Financial stock in a transaction on Wednesday, August 13th. The stock was purchased at an average cost of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the purchase, the director directly owned 6,383 shares of the company's stock, valued at $162,638.84. The trade was a 167.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David R. Keenan sold 30,000 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the completion of the sale, the executive vice president owned 90,915 shares of the company's stock, valued at $2,273,784.15. The trade was a 24.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

RF has been the topic of several analyst reports. Stephens lifted their target price on shares of Regions Financial from $24.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Wall Street Zen upgraded shares of Regions Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Barclays restated an "underweight" rating and set a $27.00 price target (up from $24.00) on shares of Regions Financial in a report on Monday, July 21st. Keefe, Bruyette & Woods raised their price target on shares of Regions Financial from $29.00 to $30.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Regions Financial in a report on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $27.89.

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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