Sunburst Financial Group LLC Sells 2,200 Shares of Regions Financial Corporation $RF

Sunburst Financial Group LLC trimmed its stake in shares of Regions Financial Corporation (NYSE:RF) by 6.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,474 shares of the bank’s stock after selling 2,200 shares during the quarter. Sunburst Financial Group LLC’s holdings in Regions Financial were worth $764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI increased its holdings in Regions Financial by 34.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 61,387 shares of the bank’s stock worth $1,444,000 after purchasing an additional 15,820 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Regions Financial during the first quarter valued at approximately $272,000. Crossmark Global Holdings Inc. increased its holdings in shares of Regions Financial by 4.0% during the first quarter. Crossmark Global Holdings Inc. now owns 516,421 shares of the bank’s stock valued at $11,222,000 after acquiring an additional 19,741 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Regions Financial by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 5,989,323 shares of the bank’s stock valued at $130,148,000 after acquiring an additional 32,082 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in shares of Regions Financial by 5.3% during the first quarter. Vontobel Holding Ltd. now owns 13,855 shares of the bank’s stock valued at $301,000 after acquiring an additional 700 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Up 0.1%

Shares of NYSE:RF opened at $24.23 on Tuesday. The stock has a market cap of $21.62 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 1.24 and a beta of 1.02. 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 business’s 50 day moving average is $25.88 and its 200 day moving average is $24.14.

Regions Financial (NYSE:RF) last announced its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. The company had revenue of $1.81 billion for the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%. On average, sell-side analysts forecast that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be given a $0.265 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.06 annualized dividend and a yield of 4.4%. Regions Financial’s payout ratio is currently 46.70%.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Roger W. Jenkins acquired 4,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were acquired at an average price 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 in the company, valued at approximately $162,638.84. This trade represents a 167.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP David R. Keenan sold 30,000 shares of the business’s stock in a transaction 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 approximately $2,273,784.15. This represents a 24.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on RF shares. Cowen restated a “buy” rating on shares of Regions Financial in a report on Tuesday, October 21st. Citigroup boosted their price objective on Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. DA Davidson boosted their price objective on Regions Financial from $25.00 to $29.00 and gave the company a “buy” rating in a report on Monday, July 21st. Stephens restated an “equal weight” rating and set a $27.00 price objective (down previously from $30.00) on shares of Regions Financial in a report on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods boosted their price objective on Regions Financial from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $28.19.

Regions Financial 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.