Regions Financial Corporation $RF Shares Sold by M&T Bank Corp

M&T Bank Corp cut its position in Regions Financial Corporation (NYSE:RF - Free Report) by 80.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 169,560 shares of the bank's stock after selling 709,283 shares during the period. M&T Bank Corp's holdings in Regions Financial were worth $4,812,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new stake in shares of Regions Financial during the 2nd quarter worth $25,000. United Community Bank acquired a new stake in Regions Financial in the third quarter valued at $30,000. Salomon & Ludwin LLC acquired a new stake in Regions Financial in the third quarter valued at $32,000. Spire Wealth Management lifted its holdings in Regions Financial by 91.5% during the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank's stock worth $32,000 after buying an additional 557 shares during the last quarter. Finally, Princeton Global Asset Management LLC lifted its holdings in Regions Financial by 260.4% during the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank's stock worth $32,000 after buying an additional 854 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Performance

Shares of RF stock opened at $27.79 on Monday. The stock's 50-day moving average is $27.25 and its two-hundred day moving average is $26.87. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80. Regions Financial Corporation has a 1 year low of $19.93 and a 1 year high of $31.53. The firm has a market cap of $23.99 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.08 and a beta of 1.03.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The business's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. Analysts predict that Regions Financial Corporation will post 2.61 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $0.265 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a yield of 3.8%. Regions Financial's payout ratio is currently 44.17%.

Analyst Ratings Changes

A number of research analysts have recently commented on RF shares. Royal Bank Of Canada increased their price objective on Regions Financial from $29.00 to $31.00 and gave the company an "outperform" rating in a report on Monday, April 20th. UBS Group restated a "neutral" rating and set a $30.00 target price on shares of Regions Financial in a research note on Wednesday, February 4th. Morgan Stanley lowered their price target on Regions Financial from $37.00 to $34.00 and set an "equal weight" rating for the company in a report on Tuesday, March 31st. Brean Capital began coverage on shares of Regions Financial in a research note on Thursday, March 12th. They issued a "neutral" rating on the stock. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $32.00 price objective on shares of Regions Financial in a report on Tuesday, January 6th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Regions Financial currently has an average rating of "Hold" and an average target price of $30.12.

Regions Financial Profile

Regions Financial Corporation NYSE: RF is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.

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