Regions Financial Co. (NYSE:RF) Stock Position Lowered by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC lowered its position in Regions Financial Co. (NYSE:RF - Free Report) by 78.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RF. Siemens Fonds Invest GmbH raised its stake in shares of Regions Financial by 345.8% during the fourth quarter. Siemens Fonds Invest GmbH now owns 44,148 shares of the bank's stock worth $1,038,000 after purchasing an additional 34,244 shares during the last quarter. Royal Bank of Canada grew its holdings in Regions Financial by 11.4% during the fourth quarter. Royal Bank of Canada now owns 7,384,061 shares of the bank's stock worth $173,673,000 after acquiring an additional 757,946 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Regions Financial during the fourth quarter worth $305,000. Point72 Hong Kong Ltd acquired a new position in Regions Financial during the fourth quarter worth $1,438,000. Finally, Polar Capital Holdings Plc acquired a new position in Regions Financial during the fourth quarter worth $7,236,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares of the company's stock, valued at $370,353.48. This trade represents a 15.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Regions Financial Stock Down 0.5%

Shares of RF traded down $0.12 during mid-day trading on Friday, reaching $21.26. 5,621,293 shares of the stock traded hands, compared to its average volume of 8,142,004. The stock has a fifty day simple moving average of $20.74 and a 200 day simple moving average of $23.11. Regions Financial Co. has a 12-month low of $17.72 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 0.37. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 1.93 and a beta of 0.97.

Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating 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 return on equity of 12.83% and a net margin of 20.20%. During the same period last year, the firm earned $0.37 earnings per share. Sell-side analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.70%. Regions Financial's dividend payout ratio (DPR) is 48.08%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on Regions Financial in a research note on Wednesday. They set a "hold" rating and a $24.00 price target for the company. Stephens cut their target price on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Cowen assumed coverage on Regions Financial in a report on Wednesday, May 14th. They issued a "buy" rating for the company. TD Cowen assumed coverage on Regions Financial in a report on Thursday, May 15th. They issued a "buy" rating and a $31.00 price target for the company. Finally, Citigroup lowered their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.80.

About Regions Financial

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.