Cwm LLC Raises Position in Regions Financial Corp (RF)

CWM LLC raised its holdings in Regions Financial Corp (NYSE:RF) by 7.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,028 shares of the bank’s stock after buying an additional 1,086 shares during the period. CWM LLC’s holdings in Regions Financial were worth $213,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Regions Financial by 17.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,054,121 shares of the bank’s stock worth $367,993,000 after purchasing an additional 3,013,569 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Regions Financial by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 15,010,538 shares of the bank’s stock worth $200,519,000 after purchasing an additional 432,350 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Regions Financial by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,604,931 shares of the bank’s stock worth $195,420,000 after purchasing an additional 286,879 shares during the last quarter. Norges Bank acquired a new position in shares of Regions Financial during the 4th quarter worth approximately $146,362,000. Finally, Bank of New York Mellon Corp raised its position in shares of Regions Financial by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 10,151,840 shares of the bank’s stock worth $135,832,000 after purchasing an additional 696,044 shares during the last quarter. Institutional investors own 71.80% of the company’s stock.

Shares of RF stock traded down $0.15 on Wednesday, reaching $14.41. 6,076,477 shares of the stock were exchanged, compared to its average volume of 12,419,659. The company has a market cap of $14.59 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 1.06 and a beta of 1.49. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.88. Regions Financial Corp has a 1-year low of $12.39 and a 1-year high of $19.99.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Regions Financial had a return on equity of 10.76% and a net margin of 26.38%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts expect that Regions Financial Corp will post 1.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.56 dividend on an annualized basis and a yield of 3.89%. Regions Financial’s dividend payout ratio (DPR) is 41.18%.

In other Regions Financial news, EVP David R. Keenan sold 30,877 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $15.50, for a total value of $478,593.50. Following the completion of the transaction, the executive vice president now directly owns 24,321 shares of the company’s stock, valued at approximately $376,975.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John B. Owen sold 61,756 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $15.25, for a total transaction of $941,779.00. Following the completion of the transaction, the chief operating officer now directly owns 127,152 shares of the company’s stock, valued at $1,939,068. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 123,510 shares of company stock valued at $1,889,394. 0.28% of the stock is owned by corporate insiders.

RF has been the subject of several research reports. Wedbush downgraded Regions Financial from an “outperform” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research report on Monday, February 4th. They noted that the move was a valuation call. Credit Suisse Group initiated coverage on Regions Financial in a research report on Monday, February 11th. They set a “neutral” rating and a $17.00 price objective for the company. Barclays restated a “sell” rating and set a $17.00 price objective on shares of Regions Financial in a research report on Thursday, February 21st. FIG Partners reiterated a “market-perform” rating on shares of Regions Financial in a report on Thursday, February 21st. Finally, Sandler O’Neill downgraded Regions Financial from a “buy” rating to a “hold” rating and set a $16.41 price target for the company. in a report on Thursday, February 28th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Regions Financial has an average rating of “Hold” and an average price target of $17.19.

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About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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

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