Dalton Greiner Hartman Maher & Co. reduced its position in shares of Regions Financial Corp. (NYSE:RF) by 34.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,064,090 shares of the company’s stock after selling 557,879 shares during the period. Dalton Greiner Hartman Maher & Co. owned 0.08% of Regions Financial Corp. worth $10,503,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of RF. Meiji Yasuda Asset Management Co Ltd. increased its position in Regions Financial Corp. by 6.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,215 shares of the company’s stock valued at $104,000 after buying an additional 710 shares during the last quarter. Kanaly Trust Co increased its position in Regions Financial Corp. by 9.6% in the second quarter. Kanaly Trust Co now owns 13,044 shares of the company’s stock valued at $111,000 after buying an additional 1,145 shares during the last quarter. Wesbanco Bank Inc. increased its position in Regions Financial Corp. by 14.2% in the second quarter. Wesbanco Bank Inc. now owns 13,329 shares of the company’s stock valued at $114,000 after buying an additional 1,662 shares during the last quarter. Paradigm Financial Advisors LLC acquired a new position in Regions Financial Corp. during the second quarter valued at about $119,000. Finally, Woodmont Investment Counsel LLC increased its position in Regions Financial Corp. by 3.1% in the second quarter. Woodmont Investment Counsel LLC now owns 14,144 shares of the company’s stock valued at $120,000 after buying an additional 426 shares during the last quarter. Hedge funds and other institutional investors own 72.31% of the company’s stock.

Institutional Ownership by Quarter for Regions Financial Corp. (NYSE:RF)

Regions Financial Corp. (NYSE:RF) traded up 0.650% during mid-day trading on Tuesday, hitting $13.165. 7,320,316 shares of the stock traded hands. The company’s 50 day moving average price is $11.42 and its 200-day moving average price is $9.90. The stock has a market cap of $16.21 billion, a price-to-earnings ratio of 15.470 and a beta of 1.35. Regions Financial Corp. has a 1-year low of $7.00 and a 1-year high of $13.54.

Regions Financial Corp. (NYSE:RF) last released its quarterly earnings data on Tuesday, October 18th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Regions Financial Corp. had a net margin of 19.43% and a return on equity of 7.03%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 earnings per share. Analysts predict that Regions Financial Corp. will post $0.87 earnings per share for the current year.

The firm 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 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Wednesday, December 7th. Regions Financial Corp.’s dividend payout ratio (DPR) is presently 30.59%.

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RF has been the subject of a number of analyst reports. Wedbush initiated coverage on shares of Regions Financial Corp. in a research note on Thursday, October 6th. They set an “outperform” rating and a $12.00 target price for the company. They noted that the move was a valuation call. FBR & Co downgraded shares of Regions Financial Corp. from an “outperform” rating to a “market perform” rating and set a $10.50 target price for the company. in a research note on Tuesday, October 11th. Credit Suisse Group AG set a $9.50 target price on shares of Regions Financial Corp. and gave the stock a “hold” rating in a research note on Wednesday, September 14th. Jefferies Group downgraded shares of Regions Financial Corp. from a “buy” rating to a “hold” rating and lifted their target price for the stock from $11.50 to $14.00 in a research note on Monday. Finally, Keefe, Bruyette & Woods raised shares of Regions Financial Corp. from an “underperform” rating to a “market perform” rating and set a $10.50 target price for the company in a research note on Thursday, August 25th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.65.

In related news, EVP William E. Horton sold 12,000 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $13.17, for a total value of $158,040.00. Following the completion of the transaction, the executive vice president now directly owns 19,434 shares of the company’s stock, valued at $255,945.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William D. Ritter sold 69,410 shares of the firm’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $10.73, for a total transaction of $744,769.30. Following the completion of the transaction, the executive vice president now directly owns 321,691 shares of the company’s stock, valued at $3,451,744.43. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by corporate insiders.

About Regions Financial Corp.

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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