Dalton Greiner Hartman Maher & Co. decreased its stake in Regions Financial Corp. (NYSE:RF) by 34.4% during the third quarter, Holdings Channel reports. The fund owned 1,064,090 shares of the company’s stock after selling 557,879 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Regions Financial Corp. were worth $10,503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RF. Vanguard Group Inc. raised its position in 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 during the last quarter. FMR LLC raised its position in 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 during the last quarter. State Street Corp raised its position in 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 during the last quarter. LSV Asset Management raised its position in 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 during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in 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 during the last quarter. 72.31% of the stock is owned by institutional investors.

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

Shares of Regions Financial Corp. (NYSE:RF) traded up 0.650% during midday trading on Tuesday, reaching $13.165. The company had a trading volume of 7,320,316 shares. The stock has a market capitalization of $16.21 billion, a PE ratio of 15.470 and a beta of 1.35. The company’s 50 day moving average price is $11.42 and its 200 day moving average price is $9.90. Regions Financial Corp. has a 52-week low of $7.00 and a 52-week high of $13.54.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $0.26 dividend on an annualized basis and a yield of 1.98%. Regions Financial Corp.’s payout ratio is 30.59%.

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Several research analysts have commented on RF shares. Wedbush started coverage on shares of Regions Financial Corp. in a research note on Thursday, October 6th. They set an “outperform” rating and a $12.00 price objective for the company. They noted that the move was a valuation call. FBR & Co lowered 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 company a “hold” rating in a research note on Wednesday, September 14th. Jefferies Group lowered shares of Regions Financial Corp. from a “buy” rating to a “hold” rating and boosted their target price for the company 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 analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.65.

In other news, EVP William E. Horton sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $12.99, for a total value of $649,500.00. Following the completion of the transaction, the executive vice president now directly owns 81,434 shares of the company’s stock, valued at $1,057,827.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William E. Horton sold 12,000 shares of the business’s stock in a transaction on Monday, November 21st. The stock was 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 disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

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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