XML Financial LLC Sells 2,000 Shares of Regions Financial Corporation (NYSE:RF)

XML Financial LLC trimmed its stake in Regions Financial Corporation (NYSE:RF) by 5.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,500 shares of the bank’s stock after selling 2,000 shares during the period. XML Financial LLC’s holdings in Regions Financial were worth $793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Regions Financial in the fourth quarter worth approximately $279,103,000. Invesco Ltd. raised its position in Regions Financial by 14.5% during the 4th quarter. Invesco Ltd. now owns 15,468,674 shares of the bank’s stock valued at $363,823,000 after purchasing an additional 1,963,954 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Regions Financial by 52.7% in the 4th quarter. Deutsche Bank AG now owns 5,522,612 shares of the bank’s stock worth $129,892,000 after buying an additional 1,907,121 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Regions Financial by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank’s stock worth $686,398,000 after buying an additional 1,396,647 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Regions Financial during the 4th quarter worth $31,480,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Trading Up 2.1%

Shares of NYSE:RF opened at $22.67 on Tuesday. The business’s 50-day moving average is $21.25 and its 200 day moving average is $22.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $27.96. The firm has a market capitalization of $20.38 billion, a P/E ratio of 10.90, a P/E/G ratio of 1.77 and a beta of 0.96.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Regions Financial had a return on equity of 13.04% and a net margin of 21.43%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm earned $0.37 earnings per share. On average, research analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.41%. The ex-dividend date is Monday, June 2nd. Regions Financial’s dividend payout ratio is presently 48.08%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen upgraded Regions Financial from a “sell” rating to a “hold” rating in a report on Sunday, June 15th. Morgan Stanley reduced their price target on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, April 7th. The Goldman Sachs Group lowered their price target on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Cowen initiated coverage on shares of Regions Financial in a report on Wednesday, May 14th. They set a “buy” rating on the stock. Finally, Citigroup reduced their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.80.

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.