Lee Danner & Bass Inc. reduced its position in shares of Regions Financial Corporation (NYSE:RF) by 4.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 107,764 shares of the bank’s stock after selling 4,548 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Regions Financial Corporation were worth $1,641,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. grew its stake in shares of Regions Financial Corporation by 0.3% in the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock worth $134,000 after acquiring an additional 26 shares during the period. IFC Holdings Incorporated FL grew its stake in shares of Regions Financial Corporation by 0.3% in the second quarter. IFC Holdings Incorporated FL now owns 20,289 shares of the bank’s stock worth $295,000 after acquiring an additional 58 shares during the period. Advisor Partners LLC grew its stake in shares of Regions Financial Corporation by 0.3% in the second quarter. Advisor Partners LLC now owns 20,041 shares of the bank’s stock worth $293,000 after acquiring an additional 59 shares during the period. Lbmc Investment Advisors LLC grew its stake in shares of Regions Financial Corporation by 0.3% in the second quarter. Lbmc Investment Advisors LLC now owns 31,904 shares of the bank’s stock worth $467,000 after acquiring an additional 109 shares during the period. Finally, Huntington National Bank grew its stake in shares of Regions Financial Corporation by 0.9% in the second quarter. Huntington National Bank now owns 17,347 shares of the bank’s stock worth $254,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Regions Financial Corporation (RF) traded up 0.32% on Tuesday, reaching $15.65. 3,793,296 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $14.81 and a 200 day moving average price of $14.37. The firm has a market cap of $18.70 billion, a PE ratio of 16.35 and a beta of 1.34. Regions Financial Corporation has a one year low of $10.32 and a one year high of $16.03.

Regions Financial Corporation (NYSE:RF) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. Regions Financial Corporation had a return on equity of 7.56% and a net margin of 20.14%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the firm earned $0.24 EPS. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities analysts anticipate that Regions Financial Corporation will post $0.99 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, December 7th. Regions Financial Corporation’s payout ratio is 37.50%.

In related news, EVP Scott M. Peters sold 25,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $15.84, for a total transaction of $396,000.00. Following the completion of the sale, the executive vice president now directly owns 121,459 shares of the company’s stock, valued at approximately $1,923,910.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan W. Matlock sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $15.23, for a total value of $152,300.00. Following the sale, the director now directly owns 32,188 shares of the company’s stock, valued at $490,223.24. The disclosure for this sale can be found here. Insiders have sold a total of 100,000 shares of company stock valued at $1,520,050 over the last three months. Corporate insiders own 0.52% of the company’s stock.

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RF has been the subject of a number of research analyst reports. Deutsche Bank AG reiterated a “hold” rating on shares of Regions Financial Corporation in a research note on Monday, July 3rd. Instinet reissued a “neutral” rating and issued a $16.00 price objective on shares of Regions Financial Corporation in a report on Wednesday, July 12th. BidaskClub downgraded shares of Regions Financial Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Bank of America Corporation reissued a “buy” rating and issued a $17.00 price objective on shares of Regions Financial Corporation in a report on Wednesday, July 26th. Finally, Vining Sparks raised shares of Regions Financial Corporation from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.10.

Regions Financial Corporation 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.

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

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