OMERS ADMINISTRATION Corp Sells 32,851 Shares of Regions Financial Co. (NYSE:RF)

OMERS ADMINISTRATION Corp lessened its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,077 shares of the bank's stock after selling 32,851 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Regions Financial were worth $2,283,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC boosted its holdings in shares of Regions Financial by 2.5% during the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock worth $411,000 after acquiring an additional 420 shares during the period. Prossimo Advisors LLC boosted its holdings in shares of Regions Financial by 2.3% during the fourth quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock worth $453,000 after acquiring an additional 430 shares during the period. Greenleaf Trust boosted its holdings in shares of Regions Financial by 1.8% during the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock worth $573,000 after acquiring an additional 436 shares during the period. Lake Street Advisors Group LLC boosted its holdings in shares of Regions Financial by 2.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after acquiring an additional 436 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of Regions Financial by 0.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 70,822 shares of the bank's stock worth $1,666,000 after acquiring an additional 529 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Price Performance

RF traded up $0.14 during trading on Friday, hitting $22.60. 4,804,807 shares of the stock traded hands, compared to its average volume of 8,125,277. The business has a 50 day moving average price of $20.69 and a 200 day moving average price of $23.22. The company has a market cap of $20.31 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 1.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96.

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

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 annualized dividend and a dividend yield of 4.43%. Regions Financial's dividend payout ratio (DPR) is presently 48.08%.

Insider Transactions at Regions Financial

In other news, Director Joia M. Johnson bought 2,300 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the transaction, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. TD Cowen assumed coverage on Regions Financial in a report on Thursday. They set a "buy" rating and a $31.00 price objective for the company. The Goldman Sachs Group cut their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Stephens cut 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. Wells Fargo & Company cut their price target on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Finally, Citigroup cut their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Regions Financial presently has a consensus rating of "Moderate Buy" and a consensus price target 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.