Aull & Monroe Investment Management Corp Sells 8,135 Shares of Regions Financial Corporation $RF

Aull & Monroe Investment Management Corp lessened its stake in shares of Regions Financial Corporation (NYSE:RF) by 9.5% in the second quarter, Holdings Channel reports. The institutional investor owned 77,706 shares of the bank’s stock after selling 8,135 shares during the period. Aull & Monroe Investment Management Corp’s holdings in Regions Financial were worth $1,828,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hardy Reed LLC increased its position in Regions Financial by 1.6% during the 2nd quarter. Hardy Reed LLC now owns 25,747 shares of the bank’s stock valued at $606,000 after buying an additional 404 shares in the last quarter. Greenwood Capital Associates LLC increased its position in Regions Financial by 0.6% during the 2nd quarter. Greenwood Capital Associates LLC now owns 72,400 shares of the bank’s stock valued at $1,703,000 after buying an additional 427 shares in the last quarter. IFG Advisory LLC increased its position in Regions Financial by 0.9% during the 1st quarter. IFG Advisory LLC now owns 52,531 shares of the bank’s stock valued at $1,142,000 after buying an additional 470 shares in the last quarter. Signet Financial Management LLC increased its position in Regions Financial by 4.6% during the 2nd quarter. Signet Financial Management LLC now owns 10,896 shares of the bank’s stock valued at $256,000 after buying an additional 483 shares in the last quarter. Finally, Master S Wealth Management Inc. increased its holdings in shares of Regions Financial by 1.2% in the 2nd quarter. Master S Wealth Management Inc. now owns 40,303 shares of the bank’s stock worth $948,000 after purchasing an additional 485 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. DA Davidson lifted their target price on Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Evercore ISI lifted their target price on Regions Financial from $28.00 to $29.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Wall Street Zen raised Regions Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 5th. Citigroup lifted their target price on Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, Stephens reissued an “equal weight” rating and issued a $27.00 target price (down previously from $30.00) on shares of Regions Financial in a report on Tuesday. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.79.

Regions Financial Stock Performance

Shares of RF opened at $23.54 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.82 and a quick ratio of 0.82. Regions Financial Corporation has a one year low of $17.74 and a one year high of $27.96. The firm has a market capitalization of $21.00 billion, a P/E ratio of 10.37, a PEG ratio of 1.12 and a beta of 1.02. The business has a fifty day moving average of $26.23 and a 200 day moving average of $23.68.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The company had revenue of $1.81 billion during the quarter. As a group, sell-side analysts anticipate that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be issued a $0.265 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.06 annualized dividend and a dividend yield of 4.5%. Regions Financial’s payout ratio is presently 49.30%.

Insider Buying and Selling at Regions Financial

In related news, EVP David R. Keenan sold 30,000 shares of Regions Financial 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Roger W. Jenkins acquired 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $25.48 per share, with a total value of $101,920.00. Following the acquisition, the director directly owned 6,383 shares of the company’s stock, valued at $162,638.84. This trade represents a 167.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.29% of the company’s stock.

About Regions Financial

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.