Twin Capital Management Inc. Sells 770 Shares of Regions Financial Co. (NYSE:RF)

Twin Capital Management Inc. decreased its stake in shares of Regions Financial Co. (NYSE:RF) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,910 shares of the bank’s stock after selling 770 shares during the period. Twin Capital Management Inc.’s holdings in Regions Financial were worth $832,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Regions Financial during the third quarter worth $26,000. Dark Forest Capital Management LP bought a new stake in shares of Regions Financial during the first quarter worth $26,000. Sound Income Strategies LLC increased its position in shares of Regions Financial by 103.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after acquiring an additional 750 shares in the last quarter. HM Payson & Co. increased its position in shares of Regions Financial by 2,000.0% during the third quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock worth $36,000 after acquiring an additional 2,000 shares in the last quarter. Finally, West Paces Advisors Inc. increased its position in shares of Regions Financial by 277.2% during the third quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank’s stock worth $41,000 after acquiring an additional 1,752 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of RF stock opened at $18.91 on Friday. The stock has a market cap of $17.38 billion, a P/E ratio of 9.05, a P/E/G ratio of 1.37 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The company has a fifty day moving average price of $19.32 and a two-hundred day moving average price of $17.99. Regions Financial Co. has a one year low of $13.72 and a one year high of $21.08.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 EPS. As a group, equities analysts predict that Regions Financial Co. will post 1.98 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date is Monday, June 3rd. Regions Financial’s dividend payout ratio is presently 45.93%.

Wall Street Analysts Forecast Growth

RF has been the subject of several research reports. Keefe, Bruyette & Woods increased their price objective on shares of Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Stephens restated an “equal weight” rating and set a $21.00 target price on shares of Regions Financial in a report on Tuesday, January 23rd. Royal Bank of Canada increased their target price on shares of Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Citigroup upgraded shares of Regions Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $23.00 in a report on Monday, March 18th. Finally, Barclays restated an “underweight” rating and set a $22.00 target price (up previously from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.39.

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.