ASR Vermogensbeheer N.V. Trims Stock Position in Regions Financial Corporation $RF

ASR Vermogensbeheer N.V. lessened its stake in shares of Regions Financial Corporation (NYSE:RF) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 214,982 shares of the bank’s stock after selling 819 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Regions Financial were worth $5,056,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Montgomery Investment Management Inc. purchased a new stake in Regions Financial in the second quarter valued at $209,000. Lynx Investment Advisory lifted its holdings in shares of Regions Financial by 3.5% in the 2nd quarter. Lynx Investment Advisory now owns 20,424 shares of the bank’s stock valued at $480,000 after purchasing an additional 690 shares during the last quarter. Trivium Point Advisory LLC lifted its holdings in shares of Regions Financial by 5.8% in the 2nd quarter. Trivium Point Advisory LLC now owns 20,240 shares of the bank’s stock valued at $476,000 after purchasing an additional 1,117 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in Regions Financial by 5.7% in the second quarter. Capital Investment Advisors LLC now owns 31,148 shares of the bank’s stock valued at $733,000 after buying an additional 1,693 shares during the last quarter. Finally, Venture Visionary Partners LLC lifted its stake in Regions Financial by 1.9% in the second quarter. Venture Visionary Partners LLC now owns 403,220 shares of the bank’s stock valued at $9,484,000 after buying an additional 7,449 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Roger W. Jenkins acquired 4,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was purchased at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the transaction, the director owned 6,383 shares of the company’s stock, valued at $162,638.84. The trade was a 167.86% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David R. Keenan sold 30,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total value of $750,300.00. Following the completion of the transaction, the executive vice president owned 90,915 shares of the company’s stock, valued at $2,273,784.15. The trade was a 24.81% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Regions Financial Trading Up 0.6%

NYSE RF opened at $26.36 on Friday. The stock has a market capitalization of $23.52 billion, a P/E ratio of 12.26, a P/E/G ratio of 1.50 and a beta of 1.02. Regions Financial Corporation has a 52-week low of $17.74 and a 52-week high of $27.96. The firm has a 50-day moving average price of $26.34 and a 200 day moving average price of $23.47. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, July 18th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. Equities research analysts expect that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were given a $0.265 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Regions Financial’s previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a yield of 4.0%. Regions Financial’s dividend payout ratio (DPR) is currently 49.30%.

Analyst Ratings Changes

Several analysts recently commented on RF shares. DA Davidson upped their price target on shares of Regions Financial from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Evercore ISI upped their target price on shares of Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a report on Tuesday. Cantor Fitzgerald began coverage on shares of Regions Financial in a report on Wednesday, September 10th. They issued an “overweight” rating and a $30.00 target price for the company. Barclays reaffirmed an “underweight” rating and issued a $27.00 target price (up from $24.00) on shares of Regions Financial in a report on Monday, July 21st. Finally, Stephens upped their price objective on Regions Financial from $24.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.89.

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.