Regions Financial Corporation $RF Stock: GRIMES & Co WEALTH MANAGEMENT LLC Cuts Holdings

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC reduced its Regions Financial stake by 5.6% in the third quarter, selling 47,071 shares and retaining 788,525 shares valued at approximately $21.2 million.
• Institutional ownership remains substantial at 79.39%, with several major investors—including State Street, First Trust Advisors, and Bank of America—adding to or initiating positions.
• Analyst sentiment is mixed, resulting in an overall “Hold” rating and an average price target of $31. Regions Financial also reported better-than-expected quarterly earnings of $0.73 per share and declared a $0.30 quarterly dividend, yielding about 4.1% annually.

GRIMES & Co WEALTH MANAGEMENT LLC decreased its position in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 5.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 788,525 shares of the bank's stock after selling 47,071 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC owned about 0.09% of Regions Financial worth $21,196,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RF. State Street Corp raised its holdings in Regions Financial by 6.2% in the second quarter. State Street Corp now owns 50,667,092 shares of the bank's stock worth $1,543,092,000 after purchasing an additional 2,953,594 shares during the period. First Trust Advisors LP boosted its position in shares of Regions Financial by 75.7% during the first quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank's stock worth $348,936,000 after purchasing an additional 5,754,487 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Regions Financial by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,827,358 shares of the bank's stock worth $256,633,000 after purchasing an additional 140,398 shares in the last quarter. Nykredit A S acquired a new position in shares of Regions Financial in the 2nd quarter valued at $236,756,000. Finally, Bank of America Corp DE acquired a new position in shares of Regions Financial in the 2nd quarter valued at $219,068,000. Institutional investors and hedge funds own 79.39% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on RF shares. UBS Group dropped their price objective on Regions Financial from $33.00 to $30.00 and set a "neutral" rating on the stock in a research note on Monday, October 5th. Stephens reissued an "outperform" rating on shares of Regions Financial in a research note on Monday, October 19th. Wall Street Zen upgraded Regions Financial from a "sell" rating to a "hold" rating in a report on Saturday, September 19th. Evercore restated an "underperform" rating and issued a $28.00 price target on shares of Regions Financial in a report on Tuesday, October 27th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Regions Financial in a research report on Thursday, October 15th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $31.00.

Regions Financial Stock Up 1.4%

Shares of RF stock opened at $28.96 on Tuesday. The firm has a fifty day moving average of $28.50 and a 200-day moving average of $28.69. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.36. Regions Financial Corporation has a 12-month low of $23.59 and a 12-month high of $32.47. The company has a market capitalization of $24.68 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 1.15 and a beta of 1.05.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Friday, October 16th. The bank reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.06. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Regions Financial had a net margin of 23.97% and a return on equity of 13.43%. The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the business posted $0.63 earnings per share. As a group, equities research analysts predict that Regions Financial Corporation will post 2.70 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Tuesday, December 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. Regions Financial's dividend payout ratio (DPR) is currently 47.06%.

Regions Financial Profile

Regions Financial Corporation NYSE: RF is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, institutions and governments.

Regions Bank offers checking and savings accounts, consumer and commercial loans, credit products, mortgages, treasury and cash-management services, investment and wealth-management solutions, and insurance-related services.

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