Oppenheimer & Co. Inc. Sells 2,183 Shares of Regions Financial Co. (NYSE:RF)

Oppenheimer & Co. Inc. lowered its position in shares of Regions Financial Co. (NYSE:RF) by 13.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,371 shares of the bank’s stock after selling 2,183 shares during the period. Oppenheimer & Co. Inc.’s holdings in Regions Financial were worth $338,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd lifted its holdings in Regions Financial by 122.9% during 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 during the period. Sierra Ocean LLC acquired a new position in Regions Financial during the 4th quarter worth about $28,000. Truvestments Capital LLC acquired a new position in Regions Financial during the 3rd quarter worth about $37,000. Legacy Investment Solutions LLC acquired a new position in Regions Financial during the 3rd quarter worth about $37,000. Finally, Quarry LP lifted its holdings in Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after buying an additional 394 shares during the period. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

RF stock opened at $22.10 on Friday. The firm has a market cap of $20.01 billion, a PE ratio of 11.39, a P/E/G ratio of 1.93 and a beta of 1.19. 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 business has a 50 day moving average of $23.90 and a 200-day moving average of $24.03. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96.

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

Regions Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have commented on RF. The Goldman Sachs Group lifted their target price on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays boosted their price objective on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. Citigroup boosted their price objective on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Finally, Compass Point boosted their price objective on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Regions Financial has an average rating of “Moderate Buy” and a consensus price target of $27.67.

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.