SeaBridge Investment Advisors LLC cut its holdings in shares of Regions Financial Corp (NYSE:RF) by 7.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 376,423 shares of the bank’s stock after selling 31,639 shares during the period. Regions Financial accounts for 1.8% of SeaBridge Investment Advisors LLC’s holdings, making the stock its 12th biggest holding. SeaBridge Investment Advisors LLC’s holdings in Regions Financial were worth $6,907,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in Regions Financial by 87.3% in the second quarter. Parallel Advisors LLC now owns 6,062 shares of the bank’s stock valued at $107,000 after acquiring an additional 2,825 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Regions Financial by 8,481.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,522 shares of the bank’s stock valued at $116,000 after acquiring an additional 6,446 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Regions Financial in the second quarter valued at approximately $116,000. Summit Trail Advisors LLC boosted its stake in Regions Financial by 1,646.8% in the first quarter. Summit Trail Advisors LLC now owns 134,102 shares of the bank’s stock valued at $134,000 after acquiring an additional 126,425 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in Regions Financial by 61.6% in the second quarter. Advisory Services Network LLC now owns 7,694 shares of the bank’s stock valued at $141,000 after acquiring an additional 2,933 shares in the last quarter. Hedge funds and other institutional investors own 74.90% of the company’s stock.

Several equities research analysts have weighed in on RF shares. Wedbush set a $22.00 target price on shares of Regions Financial and gave the company a “buy” rating in a research note on Friday, September 7th. B. Riley set a $20.00 target price on shares of Regions Financial and gave the company a “hold” rating in a research note on Monday. Vining Sparks restated a “buy” rating and issued a $22.00 target price on shares of Regions Financial in a research note on Tuesday, October 9th. Finally, Robert W. Baird upgraded shares of Regions Financial from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.23.

In other Regions Financial news, Director Susan W. Matlock sold 24,000 shares of the firm’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $18.50, for a total value of $444,000.00. Following the completion of the transaction, the director now owns 14,914 shares of the company’s stock, valued at $275,909. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP C. Keith Herron sold 23,186 shares of the firm’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $18.76, for a total transaction of $434,969.36. Following the completion of the transaction, the executive vice president now directly owns 204,537 shares of the company’s stock, valued at approximately $3,837,114.12. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.

Shares of NYSE RF traded up $0.09 during midday trading on Friday, reaching $17.13. The company had a trading volume of 699,796 shares, compared to its average volume of 12,220,715. The stock has a market cap of $19.11 billion, a P/E ratio of 17.14, a P/E/G ratio of 0.98 and a beta of 1.29. Regions Financial Corp has a 1 year low of $14.68 and a 1 year high of $20.21. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.66.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, July 20th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a net margin of 22.77% and a return on equity of 9.46%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.25 earnings per share. As a group, sell-side analysts forecast that Regions Financial Corp will post 1.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.27%. Regions Financial’s dividend payout ratio is currently 56.00%.

About Regions Financial

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

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

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