Regions Financial Corp (RF) Shares Sold by Seizert Capital Partners LLC

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Seizert Capital Partners LLC decreased its holdings in Regions Financial Corp (NYSE:RF) by 44.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,383,000 shares of the bank’s stock after selling 1,122,499 shares during the quarter. Seizert Capital Partners LLC owned about 0.13% of Regions Financial worth $25,378,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. LSV Asset Management grew its holdings in Regions Financial by 0.3% in the third quarter. LSV Asset Management now owns 28,691,540 shares of the bank’s stock valued at $526,489,000 after purchasing an additional 87,899 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Regions Financial by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 20,054,121 shares of the bank’s stock valued at $367,993,000 after purchasing an additional 3,013,569 shares during the last quarter. Millennium Management LLC grew its holdings in Regions Financial by 52.7% in the second quarter. Millennium Management LLC now owns 19,743,411 shares of the bank’s stock valued at $351,038,000 after purchasing an additional 6,813,530 shares during the last quarter. Bank of America Corp DE grew its holdings in Regions Financial by 0.8% in the second quarter. Bank of America Corp DE now owns 12,496,685 shares of the bank’s stock valued at $222,190,000 after purchasing an additional 95,653 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Regions Financial by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 9,455,796 shares of the bank’s stock valued at $173,514,000 after purchasing an additional 77,341 shares during the last quarter. Hedge funds and other institutional investors own 77.95% of the company’s stock.

RF opened at $16.18 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80. The firm has a market cap of $16.75 billion, a P/E ratio of 16.18, a P/E/G ratio of 0.90 and a beta of 1.29. Regions Financial Corp has a 52 week low of $15.42 and a 52 week high of $20.21.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. Regions Financial had a net margin of 26.39% and a return on equity of 10.15%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 EPS. Equities analysts predict that Regions Financial Corp will post 1.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Thursday, December 6th. Regions Financial’s payout ratio is currently 56.00%.

Several analysts have weighed in on RF shares. Wedbush set a $22.00 target price on Regions Financial and gave the company a “buy” rating in a report on Friday, September 7th. Raymond James lowered their target price on Regions Financial from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. ValuEngine lowered Regions Financial from a “hold” rating to a “sell” rating in a report on Thursday. B. Riley set a $20.00 target price on Regions Financial and gave the company a “hold” rating in a report on Monday, October 15th. Finally, Vining Sparks reissued a “buy” rating and issued a $22.00 target price on shares of Regions Financial in a report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.91.

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Regions Financial Company Profile

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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