Securian Asset Management Inc. Sells 1,072 Shares of Regions Financial Corporation $RF

Securian Asset Management Inc. cut its position in shares of Regions Financial Corporation (NYSE:RF) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,997 shares of the bank’s stock after selling 1,072 shares during the period. Securian Asset Management Inc.’s holdings in Regions Financial were worth $1,105,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale grew its position in Regions Financial by 0.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 277,006 shares of the bank’s stock valued at $6,471,000 after acquiring an additional 1,249 shares during the period. Sentry Investment Management LLC bought a new stake in Regions Financial in the second quarter valued at $68,000. International Assets Investment Management LLC bought a new stake in Regions Financial in the second quarter valued at $732,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Regions Financial in the second quarter valued at $12,672,000. Finally, Koshinski Asset Management Inc. grew its position in Regions Financial by 19.0% in the second quarter. Koshinski Asset Management Inc. now owns 20,283 shares of the bank’s stock valued at $477,000 after acquiring an additional 3,232 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Regions Financial news, EVP David R. Keenan sold 30,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 90,915 shares in the company, valued at $2,273,784.15. This trade represents a 24.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Roger W. Jenkins acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average cost of $25.48 per share, with a total value of $101,920.00. Following the completion of the transaction, the director owned 6,383 shares of the company’s stock, valued at approximately $162,638.84. The trade was a 167.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup upped their price target on Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Barclays reiterated an “underweight” rating and issued a $27.00 price target (up from $24.00) on shares of Regions Financial in a research report on Monday, July 21st. DA Davidson increased 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. Cowen restated a “buy” rating on shares of Regions Financial in a report on Tuesday. Finally, Stephens restated an “equal weight” rating and set a $27.00 target price (down previously from $30.00) on shares of Regions Financial in a report on Tuesday, October 14th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $28.19.

Regions Financial Trading Down 0.0%

Shares of RF opened at $24.11 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96. The firm has a market capitalization of $21.51 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 1.24 and a beta of 1.02. The stock’s fifty day simple moving average is $26.12 and its 200-day simple moving average is $23.79.

Regions Financial (NYSE:RF) last released its 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 for the quarter. As a group, research analysts predict that Regions Financial Corporation will post 2.26 earnings per share 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 dividend of $0.265 per share. The ex-dividend date is Monday, December 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.4%. Regions Financial’s dividend payout ratio (DPR) is presently 46.70%.

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.