American Century Companies Inc. Sells 3,684 Shares of Regions Financial Corp (RF)

American Century Companies Inc. lowered its stake in shares of Regions Financial Corp (NYSE:RF) by 24.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,169 shares of the bank’s stock after selling 3,684 shares during the quarter. American Century Companies Inc.’s holdings in Regions Financial were worth $149,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC acquired a new position in shares of Regions Financial in the 4th quarter valued at $27,000. Legacy Financial Advisors Inc. acquired a new position in shares of Regions Financial in the 4th quarter valued at $30,000. Financial Architects Inc acquired a new position in shares of Regions Financial in the 4th quarter valued at $31,000. Whittier Trust Co. lifted its stake in shares of Regions Financial by 84.7% in the 4th quarter. Whittier Trust Co. now owns 2,770 shares of the bank’s stock valued at $37,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Doyle Wealth Management acquired a new position in shares of Regions Financial in the 4th quarter valued at $40,000. 74.38% of the stock is currently owned by institutional investors.

RF stock opened at $15.25 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $15.52 billion, a P/E ratio of 11.21, a PEG ratio of 1.05 and a beta of 1.48. Regions Financial Corp has a 12-month low of $12.39 and a 12-month high of $19.99.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.46 billion. Regions Financial had a return on equity of 10.76% and a net margin of 26.38%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. On average, research analysts expect that Regions Financial Corp will post 1.59 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were issued a $0.14 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.56 annualized dividend and a dividend yield of 3.67%. Regions Financial’s dividend payout ratio is presently 41.18%.

Several equities analysts have recently commented on RF shares. Nomura raised Regions Financial from a “reduce” rating to a “neutral” rating and set a $14.00 price target on the stock in a research note on Friday, March 29th. Wedbush upped their price target on Regions Financial from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, February 28th. Barclays decreased their price target on Regions Financial from $20.00 to $17.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 2nd. UBS Group raised Regions Financial from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 8th. Finally, BMO Capital Markets started coverage on Regions Financial in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $17.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.28.

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About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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

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