Smithfield Trust Co. Takes $189,000 Position in Regions Financial Co. (RF)

Smithfield Trust Co. acquired a new stake in Regions Financial Co. (NYSE:RF) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,150 shares of the bank’s stock, valued at approximately $189,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brown Advisory Securities LLC grew its holdings in shares of Regions Financial by 10.1% in the fourth quarter. Brown Advisory Securities LLC now owns 36,573 shares of the bank’s stock valued at $633,000 after purchasing an additional 3,348 shares during the period. BancorpSouth Bank purchased a new stake in shares of Regions Financial in the fourth quarter valued at about $949,000. Toronto Dominion Bank grew its holdings in shares of Regions Financial by 10.6% in the fourth quarter. Toronto Dominion Bank now owns 501,735 shares of the bank’s stock valued at $8,669,000 after purchasing an additional 48,117 shares during the period. Teachers Advisors LLC grew its holdings in shares of Regions Financial by 14.9% in the fourth quarter. Teachers Advisors LLC now owns 6,716,367 shares of the bank’s stock valued at $116,059,000 after purchasing an additional 870,111 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of Regions Financial by 49.6% in the fourth quarter. LPL Financial LLC now owns 136,404 shares of the bank’s stock valued at $2,357,000 after purchasing an additional 45,238 shares during the period. 75.02% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on RF shares. Morgan Stanley upped their price objective on shares of Regions Financial from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. ValuEngine raised shares of Regions Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Regions Financial in a report on Sunday, April 22nd. Finally, B. Riley upped their price objective on shares of Regions Financial from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, April 24th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Regions Financial currently has a consensus rating of “Hold” and an average target price of $17.56.

In other news, EVP C. Matthew Lusco sold 10,000 shares of the stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $19.23, for a total transaction of $192,300.00. Following the sale, the executive vice president now owns 121,473 shares of the company’s stock, valued at $2,335,925.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Barbara Godin sold 20,000 shares of the stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $19.15, for a total transaction of $383,000.00. The disclosure for this sale can be found here. Insiders have sold 500,036 shares of company stock worth $9,531,265 in the last three months. Corporate insiders own 0.84% of the company’s stock.

Shares of RF opened at $19.14 on Friday. The stock has a market cap of $21.56 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.26. Regions Financial Co. has a 1 year low of $13.02 and a 1 year high of $20.21. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.86.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, April 20th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Regions Financial had a net margin of 22.06% and a return on equity of 8.75%. During the same quarter in the prior year, the company earned $0.23 earnings per share. analysts predict that Regions Financial Co. will post 1.4 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 8th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.36 annualized dividend and a dividend yield of 1.88%. Regions Financial’s dividend payout ratio is presently 36.00%.

Regions Financial Company Profile

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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