Duality Advisers LP Sells 142,941 Shares of Regions Financial Co. (NYSE:RF)

Duality Advisers LP lessened its position in Regions Financial Co. (NYSE:RF - Free Report) by 82.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,411 shares of the bank's stock after selling 142,941 shares during the period. Duality Advisers LP's holdings in Regions Financial were worth $589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Regions Financial in the 3rd quarter worth $26,000. Sound Income Strategies LLC grew its holdings in shares of Regions Financial by 103.2% in the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank's stock worth $29,000 after acquiring an additional 750 shares during the last quarter. HM Payson & Co. grew its holdings in shares of Regions Financial by 2,000.0% in the 3rd quarter. HM Payson & Co. now owns 2,100 shares of the bank's stock worth $36,000 after acquiring an additional 2,000 shares during the last quarter. West Paces Advisors Inc. grew its holdings in shares of Regions Financial by 277.2% in the 3rd quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank's stock worth $41,000 after acquiring an additional 1,752 shares during the last quarter. Finally, Baker Avenue Asset Management LP grew its holdings in shares of Regions Financial by 69.4% in the 3rd quarter. Baker Avenue Asset Management LP now owns 2,441 shares of the bank's stock worth $42,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 79.39% of the company's stock.

Insider Buying and Selling

In other Regions Financial news, Director William C. Rhodes III acquired 50,000 shares of the business's stock in a transaction that occurred on Tuesday, April 23rd. The stock was acquired at an average price of $19.37 per share, with a total value of $968,500.00. Following the transaction, the director now owns 50,000 shares of the company's stock, valued at $968,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is owned by insiders.

Regions Financial Stock Up 0.1 %

Shares of NYSE:RF traded up $0.01 on Friday, reaching $19.62. The company had a trading volume of 5,245,526 shares, compared to its average volume of 8,790,399. Regions Financial Co. has a twelve month low of $13.72 and a twelve month high of $21.08. The stock has a 50-day moving average price of $19.41 and a 200 day moving average price of $18.07. The stock has a market capitalization of $18.03 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.08). Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the firm earned $0.62 EPS. Regions Financial's quarterly revenue was down 10.5% on a year-over-year basis. On average, equities analysts expect that Regions Financial Co. will post 1.95 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a dividend of $0.24 per share. The ex-dividend date is Friday, May 31st. This represents a $0.96 annualized dividend and a dividend yield of 4.89%. Regions Financial's dividend payout ratio is presently 52.17%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Argus downgraded Regions Financial from a "buy" rating to a "hold" rating in a report on Tuesday, January 23rd. Morgan Stanley lowered their price target on Regions Financial from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Monday. Royal Bank of Canada lifted their price target on Regions Financial from $19.00 to $21.00 and gave the company an "outperform" rating in a report on Monday, January 22nd. Barclays reiterated an "underweight" rating and set a $22.00 price target (up previously from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Finally, Evercore ISI lifted their price target on Regions Financial from $20.00 to $22.00 and gave the company an "in-line" rating in a report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Regions Financial has an average rating of "Hold" and a consensus price target of $20.34.

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.