Hanseatic Management Services Inc. cut its stake in Regions Financial Corporation (NYSE:RF) by 27.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,714 shares of the bank’s stock after selling 26,554 shares during the quarter. Regions Financial Corporation makes up approximately 1.2% of Hanseatic Management Services Inc.’s portfolio, making the stock its 21st largest holding. Hanseatic Management Services Inc.’s holdings in Regions Financial Corporation were worth $1,077,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fox Run Management L.L.C. purchased a new position in Regions Financial Corporation in the 2nd quarter worth approximately $354,000. Capital One National Association lifted its stake in Regions Financial Corporation by 2.8% in the 2nd quarter. Capital One National Association now owns 16,243 shares of the bank’s stock worth $238,000 after purchasing an additional 435 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Regions Financial Corporation by 45.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 77,823 shares of the bank’s stock worth $1,139,000 after purchasing an additional 24,390 shares in the last quarter. Eqis Capital Management Inc. lifted its stake in Regions Financial Corporation by 23.2% in the 2nd quarter. Eqis Capital Management Inc. now owns 14,269 shares of the bank’s stock worth $209,000 after purchasing an additional 2,689 shares in the last quarter. Finally, OLD National Bancorp IN purchased a new position in Regions Financial Corporation in the 2nd quarter worth approximately $392,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

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Regions Financial Corporation (NYSE:RF) traded up $0.25 during trading hours on Wednesday, hitting $15.69. 12,553,999 shares of the company’s stock traded hands, compared to its average volume of 15,273,047. The firm has a market capitalization of $17,909.95, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39. Regions Financial Corporation has a fifty-two week low of $12.80 and a fifty-two week 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 Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial Corporation had a net margin of 20.14% and a return on equity of 7.56%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 earnings per share. research analysts expect that Regions Financial Corporation will post 0.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.36 annualized dividend and a dividend yield of 2.29%. Regions Financial Corporation’s dividend payout ratio (DPR) is 37.50%.

A number of research analysts have weighed in on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $16.00 target price on shares of Regions Financial Corporation in a research note on Friday, August 11th. Piper Jaffray Companies reissued a “hold” rating and issued a $14.50 target price on shares of Regions Financial Corporation in a research note on Thursday, August 17th. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.50 price target on shares of Regions Financial Corporation in a report on Wednesday, August 16th. Vining Sparks upgraded shares of Regions Financial Corporation from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $16.00 price target on shares of Regions Financial Corporation in a report on Wednesday, October 25th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.31.

In other news, EVP John B. Owen sold 40,000 shares of Regions Financial Corporation stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total transaction of $626,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott M. Peters sold 25,000 shares of Regions Financial Corporation stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $15.84, for a total transaction of $396,000.00. Following the sale, the executive vice president now directly owns 121,459 shares of the company’s stock, valued at $1,923,910.56. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Regions Financial Corporation 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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