Claraphi Advisory Network LLC Acquires New Position in Regions Financial Corp (RF)

Claraphi Advisory Network LLC acquired a new position in Regions Financial Corp (NYSE:RF) in the fourth quarter, Holdings Channel reports. The fund acquired 19,899 shares of the bank’s stock, valued at approximately $344,000.

A number of other large investors have also modified their holdings of RF. Welch Investments LLC bought a new position in Regions Financial in the fourth quarter worth approximately $120,000. Steward Partners Investment Advisory LLC bought a new position in Regions Financial in the third quarter worth approximately $150,000. Pax World Management LLC bought a new position in Regions Financial in the third quarter worth approximately $154,000. Brightworth bought a new position in Regions Financial in the third quarter worth approximately $159,000. Finally, American Century Companies Inc. bought a new position in Regions Financial in the third quarter worth approximately $159,000. 76.99% of the stock is owned by institutional investors.

Regions Financial Corp (RF) opened at $18.46 on Tuesday. The stock has a market capitalization of $21,410.00, a price-to-earnings ratio of 18.46, a PEG ratio of 1.44 and a beta of 1.32. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. Regions Financial Corp has a 12-month low of $13.00 and a 12-month high of $19.90.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 earnings per share. equities research analysts anticipate that Regions Financial Corp will post 1.34 EPS for the current year.

In related news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value of $255,600.00. Following the transaction, the director now directly owns 59,436 shares of the company’s stock, valued at approximately $1,012,789.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Scott M. Peters sold 25,627 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total value of $499,726.50. Following the completion of the transaction, the executive vice president now directly owns 240,796 shares in the company, valued at $4,695,522. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on the stock. Royal Bank of Canada reissued a “hold” rating and issued a $16.00 price objective on shares of Regions Financial in a research note on Wednesday, October 25th. Morgan Stanley boosted their price objective on shares of Regions Financial from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday. SunTrust Banks reissued a “buy” rating and issued a $19.00 price objective on shares of Regions Financial in a research note on Wednesday, November 29th. ValuEngine downgraded shares of Regions Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, B. Riley reissued a “hold” rating and issued a $19.00 price objective on shares of Regions Financial in a research note on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $17.24.

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About Regions Financial

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.

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

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