Eagle Global Advisors LLC reduced its position in Regions Financial Corporation (NYSE:RF) by 22.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,483 shares of the bank’s stock after selling 3,417 shares during the period. Eagle Global Advisors LLC’s holdings in Regions Financial Corporation were worth $168,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. DnB Asset Management AS increased its position in shares of Regions Financial Corporation by 7.9% in the first quarter. DnB Asset Management AS now owns 130,714 shares of the bank’s stock worth $1,899,000 after buying an additional 9,600 shares in the last quarter. Vicus Capital bought a new position in shares of Regions Financial Corporation during the first quarter worth approximately $667,000. Reliance Trust Co. of Delaware increased its position in shares of Regions Financial Corporation by 75.5% in the first quarter. Reliance Trust Co. of Delaware now owns 29,318 shares of the bank’s stock worth $426,000 after buying an additional 12,609 shares in the last quarter. Parametrica Management Ltd bought a new position in shares of Regions Financial Corporation during the first quarter worth approximately $465,000. Finally, Lathrop Investment Management Corp increased its position in shares of Regions Financial Corporation by 1.0% in the first quarter. Lathrop Investment Management Corp now owns 115,752 shares of the bank’s stock worth $1,682,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

Regions Financial Corporation (RF) opened at 14.87 on Tuesday. The firm has a 50 day moving average of $14.44 and a 200-day moving average of $14.44. The stock has a market cap of $17.83 billion, a PE ratio of 15.54 and a beta of 1.31. Regions Financial Corporation has a 12-month low of $8.88 and a 12-month high of $16.03.

Regions Financial Corporation (NYSE:RF) last issued its earnings results on Friday, July 21st. The bank reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Regions Financial Corporation had a net margin of 20.25% and a return on equity of 7.51%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the business posted $0.20 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts expect that Regions Financial Corporation will post $1.00 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $0.09 dividend. This is a boost from Regions Financial Corporation’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.36 annualized dividend and a dividend yield of 2.42%. Regions Financial Corporation’s dividend payout ratio is presently 29.47%.

Regions Financial Corporation announced that its Board of Directors has authorized a share buyback program on Wednesday, June 28th that allows the company to buyback $1.47 billion in shares. This buyback authorization allows the bank to reacquire up to 8.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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A number of brokerages have commented on RF. Deutsche Bank AG restated a “hold” rating on shares of Regions Financial Corporation in a research note on Monday, July 3rd. BidaskClub upgraded shares of Regions Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Instinet reiterated a “neutral” rating and set a $16.00 price objective on shares of Regions Financial Corporation in a research note on Wednesday, July 12th. Bank of America Corporation reiterated a “buy” rating and set a $17.00 price objective on shares of Regions Financial Corporation in a research note on Wednesday, July 26th. Finally, Vining Sparks upgraded shares of Regions Financial Corporation from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Regions Financial Corporation currently has an average rating of “Hold” and an average price target of $14.13.

In other news, EVP Scott M. Peters sold 13,689 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $14.61, for a total value of $199,996.29. Following the completion of the transaction, the executive vice president now owns 147,528 shares in the company, valued at approximately $2,155,384.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Fournier J. Gale III sold 35,825 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $14.59, for a total transaction of $522,686.75. Following the completion of the transaction, the executive vice president now owns 109,318 shares of the company’s stock, valued at approximately $1,594,949.62. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

About Regions Financial Corporation

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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