Snowden Capital Advisors LLC Decreases Holdings in Regions Financial Co. (NYSE:RF)

Snowden Capital Advisors LLC decreased its position in Regions Financial Co. (NYSE:RF - Free Report) by 78.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,856 shares of the bank's stock after selling 118,594 shares during the quarter. Snowden Capital Advisors LLC's holdings in Regions Financial were worth $757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Regions Financial by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock worth $686,398,000 after acquiring an additional 1,396,647 shares during the last quarter. Geode Capital Management LLC raised its position in Regions Financial by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank's stock worth $540,284,000 after purchasing an additional 403,283 shares during the period. First Trust Advisors LP lifted its stake in Regions Financial by 7.7% in the fourth quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank's stock worth $401,097,000 after purchasing an additional 1,224,645 shares during the last quarter. Invesco Ltd. lifted its stake in Regions Financial by 14.5% in the fourth quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock worth $363,823,000 after purchasing an additional 1,963,954 shares during the last quarter. Finally, Norges Bank purchased a new stake in Regions Financial during the fourth quarter valued at about $279,103,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on RF. Cowen assumed coverage on Regions Financial in a report on Wednesday, May 14th. They issued a "buy" rating on the stock. Keefe, Bruyette & Woods reduced their price target on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company decreased their price target on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. TD Cowen began coverage on Regions Financial in a research report on Thursday, May 15th. They issued a "buy" rating and a $31.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $25.80.

Insider Buying and Selling at Regions Financial

In related news, Director Joia M. Johnson purchased 2,300 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.29% of the company's stock.

Regions Financial Trading Down 0.2%

NYSE RF opened at $22.54 on Tuesday. The firm has a market capitalization of $20.26 billion, a PE ratio of 11.62, a P/E/G ratio of 1.93 and a beta of 0.97. The stock's 50 day moving average is $20.72 and its 200 day moving average is $23.20. Regions Financial Co. has a twelve month low of $17.72 and a twelve 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 0.37.

Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same quarter in the previous year, the business posted $0.37 EPS. Research analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio (DPR) is presently 48.08%.

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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