Interval Partners LP Sells 985,370 Shares of Regions Financial Co. (NYSE:RF)

Interval Partners LP decreased its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 77.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 282,154 shares of the bank's stock after selling 985,370 shares during the period. Interval Partners LP's holdings in Regions Financial were worth $6,636,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RF. Y.D. More Investments Ltd lifted its position in Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after buying an additional 634 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Regions Financial in the 4th quarter worth about $28,000. Picton Mahoney Asset Management lifted its holdings in shares of Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock worth $29,000 after acquiring an additional 1,201 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of Regions Financial during the 4th quarter worth about $32,000. Finally, Creative Capital Management Investments LLC bought a new position in Regions Financial during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Regions Financial Stock Down 0.7%

Shares of Regions Financial stock opened at $21.16 on Monday. 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 company has a market cap of $19.02 billion, a P/E ratio of 10.91, a PEG ratio of 1.93 and a beta of 0.97. The firm's 50 day moving average price is $20.62 and its 200-day moving average price is $23.26. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business 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 firm posted $0.37 earnings per share. On average, sell-side analysts predict that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 4.73%. The ex-dividend date is Monday, June 2nd. Regions Financial's dividend payout ratio is presently 48.08%.

Insiders Place Their Bets

In related news, Director Joia M. Johnson acquired 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the purchase, the director now owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This represents a 15.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Stephens decreased their price target on Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group dropped their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Citigroup reduced their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $25.53.

Regions Financial Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.