Regions Financial Co. (NYSE:RF) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,845,797 shares of the bank's stock after selling 43,101 shares during the period. Rhumbline Advisers owned approximately 0.20% of Regions Financial worth $43,413,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd increased its position in shares of Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after acquiring an additional 634 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Regions Financial during the third quarter worth $37,000. Legacy Investment Solutions LLC purchased a new stake in shares of Regions Financial during the third quarter worth $37,000. Quarry LP increased its position in shares of Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank's stock worth $40,000 after acquiring an additional 394 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Regions Financial during the third quarter worth $56,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on RF shares. Barclays upped their price objective on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods raised Regions Financial from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $27.00 to $28.00 in a research report on Thursday, October 31st. Stephens raised Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective on the stock in a research report on Tuesday, October 29th. Morgan Stanley reissued an "equal weight" rating and issued a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Finally, StockNews.com raised Regions Financial from a "sell" rating to a "hold" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $27.67.

Regions Financial Stock Performance

Shares of RF stock traded down $0.67 during mid-day trading on Friday, hitting $23.39. 9,066,371 shares of the stock were exchanged, compared to its average volume of 7,953,631. The stock's fifty day simple moving average is $24.15 and its two-hundred day simple moving average is $23.88. The stock has a market capitalization of $21.26 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 1.96 and a beta of 1.20. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The business's quarterly revenue was up .2% compared to the same quarter last year. On average, analysts forecast that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.28%. Regions Financial's dividend payout ratio (DPR) is 51.55%.

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.