Salzhauer Michael Sells 66,901 Shares of Regions Financial Co. (NYSE:RF)

Salzhauer Michael reduced its stake in Regions Financial Co. (NYSE:RFFree Report) by 47.4% during the third quarter, Holdings Channel.com reports. The firm owned 74,179 shares of the bank’s stock after selling 66,901 shares during the quarter. Regions Financial accounts for approximately 1.4% of Salzhauer Michael’s holdings, making the stock its 16th largest position. Salzhauer Michael’s holdings in Regions Financial were worth $1,276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Southeast Asset Advisors Inc. grew its holdings in Regions Financial by 0.5% during the 2nd quarter. Southeast Asset Advisors Inc. now owns 99,244 shares of the bank’s stock valued at $1,769,000 after purchasing an additional 502 shares during the last quarter. Toroso Investments LLC lifted its stake in shares of Regions Financial by 5.0% during the 4th quarter. Toroso Investments LLC now owns 10,722 shares of the bank’s stock worth $231,000 after acquiring an additional 508 shares during the last quarter. Renasant Bank boosted its holdings in Regions Financial by 3.0% during the 2nd quarter. Renasant Bank now owns 22,088 shares of the bank’s stock valued at $394,000 after acquiring an additional 643 shares during the period. Kinneret Advisory LLC grew its position in Regions Financial by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 29,352 shares of the bank’s stock valued at $658,000 after acquiring an additional 656 shares during the last quarter. Finally, Balentine LLC increased its stake in Regions Financial by 4.8% in the second quarter. Balentine LLC now owns 14,346 shares of the bank’s stock worth $256,000 after purchasing an additional 657 shares during the period. 75.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on RF. Wedbush cut shares of Regions Financial from an “outperform” rating to a “neutral” rating in a report on Friday, October 20th. Argus lowered shares of Regions Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Bank of America decreased their price target on shares of Regions Financial from $21.00 to $18.00 in a research note on Tuesday, October 10th. UBS Group cut Regions Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $22.00 to $15.00 in a research note on Tuesday, October 24th. Finally, Piper Sandler lifted their target price on Regions Financial from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $20.12.

View Our Latest Stock Report on Regions Financial

Regions Financial Price Performance

NYSE RF remained flat at $17.96 on Tuesday. 6,103,651 shares of the company’s stock traded hands, compared to its average volume of 9,322,931. The business has a 50-day moving average of $18.50 and a two-hundred day moving average of $17.87. The company has a market capitalization of $16.70 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 1.32 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $24.04.

Regions Financial (NYSE:RFGet Free Report) last announced its earnings results on Friday, January 19th. The bank reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.09). Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Regions Financial Co. will post 1.98 EPS for the current year.

About Regions Financial

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding RF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regions Financial Co. (NYSE:RFFree Report).

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

Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.