Meadow Creek Wealth Advisors LLC cut its holdings in Regions Financial Corporation (NYSE:RF – Free Report) by 69.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,372 shares of the bank’s stock after selling 21,293 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in Regions Financial were worth $245,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in RF. Swiss Life Asset Management Ltd increased its holdings in shares of Regions Financial by 244.4% in the fourth quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock valued at $61,135,000 after purchasing an additional 1,600,926 shares in the last quarter. Interval Partners LP lifted its holdings in Regions Financial by 30.5% during the 3rd quarter. Interval Partners LP now owns 786,307 shares of the bank’s stock worth $20,735,000 after buying an additional 183,694 shares in the last quarter. Waterloo Capital L.P. boosted its position in Regions Financial by 123.7% in the 4th quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock valued at $3,683,000 after buying an additional 75,149 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Regions Financial by 108.0% in the 4th quarter. Sanctuary Advisors LLC now owns 675,296 shares of the bank’s stock valued at $18,301,000 after buying an additional 350,599 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its stake in shares of Regions Financial by 148.4% in the 4th quarter. iA Global Asset Management Inc. now owns 129,823 shares of the bank’s stock valued at $3,518,000 after buying an additional 77,567 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.
Insider Transactions at Regions Financial
In related news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on RF
Regions Financial Stock Up 2.4%
NYSE:RF opened at $30.53 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. Regions Financial Corporation has a 12-month low of $22.70 and a 12-month high of $31.53. The stock’s fifty day simple moving average is $28.55 and its 200-day simple moving average is $28.09. The firm has a market capitalization of $26.05 billion, a P/E ratio of 12.72, a P/E/G ratio of 1.15 and a beta of 1.00.
Regions Financial (NYSE:RF – Get Free Report) last posted its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 EPS. Equities research analysts expect that Regions Financial Corporation will post 2.6 earnings per share for the current year.
Regions Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were paid a dividend of $0.265 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.06 annualized dividend and a yield of 3.5%. Regions Financial’s dividend payout ratio (DPR) is presently 44.17%.
About Regions Financial
Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.
In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.
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