Regions Financial Corp. (NYSE:RF) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 32,697,379 shares, a decline of 17.3% from the September 15th total of 39,545,534 shares. Based on an average daily trading volume, of 15,584,808 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.6% of the company’s shares are short sold.

Regions Financial Corp. (NYSE:RF) opened at 10.05 on Monday. The stock’s 50 day moving average price is $9.89 and its 200-day moving average price is $9.25. Regions Financial Corp. has a 52 week low of $7.00 and a 52 week high of $10.47. The company has a market capitalization of $12.61 billion, a PE ratio of 12.64 and a beta of 1.44.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 9th will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 2.59%. The ex-dividend date is Wednesday, December 7th. Regions Financial Corp.’s dividend payout ratio is currently 32.91%.

In other Regions Financial Corp. news, EVP Ellen S. Jones sold 10,000 shares of Regions Financial Corp. stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $9.53, for a total transaction of $95,300.00. Following the transaction, the executive vice president now directly owns 54,886 shares of the company’s stock, valued at approximately $523,063.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP C. Keith Herron sold 38,753 shares of Regions Financial Corp. stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $9.38, for a total value of $363,503.14. Following the transaction, the executive vice president now directly owns 290,384 shares in the company, valued at $2,723,801.92. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Regions Financial Corp. by 1.0% in the second quarter. Vanguard Group Inc. now owns 127,898,103 shares of the company’s stock valued at $1,088,413,000 after buying an additional 1,317,327 shares in the last quarter. FMR LLC boosted its stake in shares of Regions Financial Corp. by 3.0% in the second quarter. FMR LLC now owns 113,805,979 shares of the company’s stock valued at $968,488,000 after buying an additional 3,323,092 shares in the last quarter. State Street Corp boosted its stake in shares of Regions Financial Corp. by 1.9% in the second quarter. State Street Corp now owns 66,867,165 shares of the company’s stock valued at $569,040,000 after buying an additional 1,241,187 shares in the last quarter. LSV Asset Management boosted its stake in shares of Regions Financial Corp. by 2.7% in the second quarter. LSV Asset Management now owns 33,211,384 shares of the company’s stock valued at $282,628,000 after buying an additional 865,037 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Regions Financial Corp. by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 12,662,721 shares of the company’s stock valued at $107,754,000 after buying an additional 34,205 shares in the last quarter. Institutional investors and hedge funds own 74.29% of the company’s stock.

RF has been the subject of several research analyst reports. Sanford C. Bernstein lowered Regions Financial Corp. from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $9.56 to $9.50 in a report on Tuesday, August 16th. They noted that the move was a valuation call. Bank of America Corp. lowered Regions Financial Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 29th. Credit Suisse Group AG set a $9.50 price objective on Regions Financial Corp. and gave the stock a “hold” rating in a report on Wednesday, September 14th. Raymond James Financial Inc. lowered Regions Financial Corp. from a “strong-buy” rating to an “outperform” rating and set a $10.50 price objective for the company. in a report on Thursday, October 6th. Finally, Barclays PLC reissued a “sell” rating and set a $10.00 price objective on shares of Regions Financial Corp. in a report on Tuesday, October 11th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Regions Financial Corp. presently has an average rating of “Hold” and an average price target of $10.34.

Regions Financial Corp. Company Profile

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

5 Day Chart for NYSE:RF

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