Regions Financial Co. (NYSE:RF) Shares Sold by Aull & Monroe Investment Management Corp

Aull & Monroe Investment Management Corp reduced its position in Regions Financial Co. (NYSE:RF) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,244 shares of the bank’s stock after selling 3,818 shares during the period. Aull & Monroe Investment Management Corp’s holdings in Regions Financial were worth $2,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Y.D. More Investments Ltd grew its holdings in Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after buying an additional 634 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Regions Financial during the 4th quarter valued at $28,000. Truvestments Capital LLC purchased a new position in Regions Financial during the third quarter valued at approximately $37,000. Legacy Investment Solutions LLC acquired a new stake in Regions Financial in the third quarter valued at approximately $37,000. Finally, Quarry LP lifted its stake in shares of Regions Financial by 29.5% in the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after buying an additional 394 shares during the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Compass Point upped their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company boosted their price target on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. The Goldman Sachs Group boosted their price target on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Citigroup boosted their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Regions Financial currently has an average rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Stock Down 1.2 %

RF stock opened at $22.09 on Thursday. The firm has a 50 day moving average of $23.97 and a 200 day moving average of $24.05. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $20.00 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date is Monday, March 3rd. Regions Financial’s payout ratio is 51.55%.

Regions Financial 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.