WBI Investments LLC Has $998,000 Stock Position in Regions Financial Co. (NYSE:RF)

WBI Investments LLC cut its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 59.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,438 shares of the bank's stock after selling 63,337 shares during the quarter. WBI Investments LLC's holdings in Regions Financial were worth $998,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RF. LBP AM SA raised its position in shares of Regions Financial by 149.4% in the fourth quarter. LBP AM SA now owns 730,614 shares of the bank's stock valued at $17,184,000 after purchasing an additional 437,691 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Regions Financial in the fourth quarter worth $1,965,000. Vest Financial LLC increased its position in Regions Financial by 20.4% during the fourth quarter. Vest Financial LLC now owns 1,479,865 shares of the bank's stock worth $34,806,000 after acquiring an additional 250,729 shares during the period. Beacon Capital Management LLC raised its stake in Regions Financial by 1,099.7% during the 4th quarter. Beacon Capital Management LLC now owns 139,665 shares of the bank's stock valued at $3,285,000 after purchasing an additional 128,023 shares during the last quarter. Finally, LPL Financial LLC raised its stake in Regions Financial by 4.0% during the 4th quarter. LPL Financial LLC now owns 939,376 shares of the bank's stock valued at $22,094,000 after purchasing an additional 36,438 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Price Performance

NYSE RF traded up $0.05 on Thursday, hitting $21.37. 7,082,951 shares of the company were exchanged, compared to its average volume of 8,128,425. The firm has a 50 day moving average of $20.75 and a two-hundred day moving average of $23.18. The company has a market cap of $19.21 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.93 and a beta of 0.97. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96.

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

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.68%. Regions Financial's payout ratio is 48.08%.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the acquisition, the director now directly owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This trade represents a 15.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Keefe, Bruyette & Woods decreased their target price 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. Jefferies Financial Group started coverage on Regions Financial in a research note on Wednesday. They set a "hold" rating and a $24.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company lowered 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. One research 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $25.80.

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.