Regions Financial Co. (NYSE:RF) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lessened its stake in shares of Regions Financial Co. (NYSE:RF) by 26.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,622 shares of the bank’s stock after selling 6,268 shares during the quarter. Moors & Cabot Inc.’s holdings in Regions Financial were worth $411,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in shares of Regions Financial during the first quarter worth $26,000. American National Bank & Trust grew its stake in shares of Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,114 shares during the last quarter. Quarry LP lifted its stake in shares of Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after acquiring an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after purchasing an additional 1,256 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in Regions Financial in the second quarter valued at about $32,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

Shares of Regions Financial stock opened at $27.28 on Friday. The firm’s 50-day moving average price is $24.05 and its two-hundred day moving average price is $21.82. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. Regions Financial Co. has a 1-year low of $15.79 and a 1-year high of $27.32. The stock has a market capitalization of $24.79 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 2.77 and a beta of 1.16.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities analysts predict that Regions Financial Co. will post 2.12 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Monday, December 2nd. Regions Financial’s dividend payout ratio is currently 56.50%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RF. Barclays upped their price target on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Thursday, October 24th. Citigroup lifted their price objective on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday. Wedbush upped their price target on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.41.

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.