Profund Advisors LLC Sells 2,915 Shares of Regions Financial Corporation $RF

Profund Advisors LLC lowered its stake in Regions Financial Corporation (NYSE:RF) by 16.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,162 shares of the bank’s stock after selling 2,915 shares during the quarter. Profund Advisors LLC’s holdings in Regions Financial were worth $357,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RF. CVA Family Office LLC increased its stake in Regions Financial by 163.2% in the second quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after purchasing an additional 656 shares in the last quarter. American National Bank & Trust grew its stake in shares of Regions Financial by 2,433.3% in the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock valued at $25,000 after buying an additional 1,022 shares during the period. Bayforest Capital Ltd increased its position in Regions Financial by 637.3% in the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock valued at $27,000 after buying an additional 1,058 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Regions Financial during the 2nd quarter worth approximately $30,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Regions Financial during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

RF has been the topic of a number of research reports. Cowen reaffirmed a “buy” rating on shares of Regions Financial in a research report on Tuesday, October 21st. Morgan Stanley set a $32.00 price objective on shares of Regions Financial in a report on Monday, September 29th. Stephens restated an “equal weight” rating and issued a $27.00 target price (down previously from $30.00) on shares of Regions Financial in a report on Tuesday, October 14th. Citigroup lifted their price target on Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Finally, Evercore ISI raised their target price on Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Regions Financial has a consensus rating of “Hold” and a consensus price target of $28.19.

Regions Financial Stock Down 1.5%

Shares of RF opened at $25.00 on Friday. The company has a market capitalization of $21.92 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.24 and a beta of 1.07. Regions Financial Corporation has a 52 week low of $17.74 and a 52 week high of $27.96. The stock’s 50-day moving average price is $25.48 and its 200-day moving average price is $24.35. 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 (NYSE:RF) last announced its quarterly 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 during the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%. On average, sell-side analysts predict that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company 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 is Monday, December 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.2%. Regions Financial’s dividend payout ratio is 46.70%.

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.