Bleakley Financial Group LLC Reduces Position in Regions Financial Corporation $RF

Bleakley Financial Group LLC reduced its position in shares of Regions Financial Corporation (NYSE:RF) by 2.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 34,205 shares of the bank’s stock after selling 910 shares during the period. Bleakley Financial Group LLC’s holdings in Regions Financial were worth $804,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. LifeWealth Investments LLC raised its stake in Regions Financial by 4.5% in the second quarter. LifeWealth Investments LLC now owns 21,495 shares of the bank’s stock valued at $506,000 after buying an additional 927 shares in the last quarter. Freedom Investment Management Inc. acquired a new stake in shares of Regions Financial during the 2nd quarter worth about $229,000. Forum Financial Management LP lifted its stake in Regions Financial by 63.9% during the second quarter. Forum Financial Management LP now owns 26,825 shares of the bank’s stock worth $631,000 after purchasing an additional 10,463 shares during the last quarter. Meadow Creek Wealth Advisors LLC boosted its holdings in Regions Financial by 227.2% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 30,665 shares of the bank’s stock valued at $721,000 after purchasing an additional 21,293 shares in the last quarter. Finally, Greatmark Investment Partners Inc. boosted its holdings in Regions Financial by 11.8% in the second quarter. Greatmark Investment Partners Inc. now owns 14,404 shares of the bank’s stock valued at $339,000 after purchasing an additional 1,516 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Insider Transactions at Regions Financial

In other news, EVP David R. Keenan sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total transaction of $750,300.00. Following the transaction, the executive vice president directly owned 90,915 shares in the company, 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 through this link. Also, Director Roger W. Jenkins acquired 4,000 shares of Regions Financial stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $25.48 per share, with a total value of $101,920.00. Following the transaction, the director 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.

Regions Financial Trading Up 1.9%

Shares of RF stock opened at $24.56 on Friday. The company has a market capitalization of $21.92 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $26.10 and its two-hundred day moving average is $23.87. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.96.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%.The firm had revenue of $1.81 billion during the quarter. Equities analysts forecast that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders 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 4.3%. Regions Financial’s payout ratio is presently 46.70%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RF. Weiss Ratings reiterated a “buy (b-)” rating on shares of Regions Financial in a research note on Saturday. Morgan Stanley set a $32.00 target price on Regions Financial in a research report on Monday, September 29th. Cowen reissued a “buy” rating on shares of Regions Financial in a research report on Tuesday. Evercore ISI raised their price target on Regions Financial from $28.00 to $29.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Finally, Wall Street Zen upgraded Regions Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Regions Financial currently has a consensus rating of “Hold” and an average price target of $28.19.

Regions Financial Company 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.