SeaBridge Investment Advisors LLC Trims Position in Regions Financial Co. (NYSE:RF)

SeaBridge Investment Advisors LLC lowered its position in Regions Financial Co. (NYSE:RF) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,162 shares of the bank’s stock after selling 3,340 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Regions Financial were worth $1,560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC raised its holdings in Regions Financial by 86.5% in the 4th quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock valued at $27,000 after buying an additional 649 shares during the period. MV Capital Management Inc. lifted its holdings in shares of Regions Financial by 75.6% in the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after acquiring an additional 618 shares during the last quarter. ICA Group Wealth Management LLC purchased a new position in shares of Regions Financial during the 4th quarter worth approximately $28,000. Sound Income Strategies LLC increased its holdings in Regions Financial by 103.2% in the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after purchasing an additional 750 shares during the last quarter. Finally, Glassman Wealth Services increased its holdings in Regions Financial by 163.3% in the 4th quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock valued at $30,000 after purchasing an additional 967 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Down 1.9 %

Shares of RF traded down $0.38 during mid-day trading on Friday, reaching $19.51. The company’s stock had a trading volume of 10,209,464 shares, compared to its average volume of 8,055,513. The company’s 50 day moving average is $19.32 and its 200 day moving average is $19.19. The stock has a market cap of $17.87 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 2.17 and a beta of 1.18. Regions Financial Co. has a 12-month low of $13.72 and a 12-month high of $21.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. Equities analysts anticipate that Regions Financial Co. will post 1.96 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend was Monday, June 3rd. Regions Financial’s payout ratio is 52.17%.

Insider Transactions at Regions Financial

In other news, EVP William D. Ritter sold 23,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $19.95, for a total value of $458,850.00. Following the completion of the sale, the executive vice president now directly owns 41,671 shares of the company’s stock, valued at $831,336.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director William C. Rhodes III acquired 50,000 shares of Regions Financial stock in a transaction on Tuesday, April 23rd. The stock was purchased at an average cost of $19.37 per share, with a total value of $968,500.00. Following the purchase, the director now directly owns 50,000 shares in the company, valued at $968,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William D. Ritter sold 23,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $19.95, for a total value of $458,850.00. Following the sale, the executive vice president now directly owns 41,671 shares of the company’s stock, valued at $831,336.45. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com lowered Regions Financial from a “hold” rating to a “sell” rating in a research report on Friday. Keefe, Bruyette & Woods boosted their price target on shares of Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Morgan Stanley lowered their price objective on shares of Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, April 22nd. Jefferies Financial Group lifted their price objective on shares of Regions Financial from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Citigroup upgraded shares of Regions Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $23.00 in a report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Regions Financial presently has a consensus rating of “Hold” and a consensus target price of $20.39.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.