Regions Financial Corp (RF) Position Held by American National Insurance Co. TX

Regions Financial Corp (RF) Position Held by American National Insurance Co. TX

American National Insurance Co. TX maintained its stake in shares of Regions Financial Corp (NYSE:RF) during the first quarter, Holdings Channel reports. The fund owned 18,610 shares of the bank’s stock at the end of the first quarter. American National Insurance Co. TX’s holdings in Regions Financial Corp were worth $270,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of RF. Lbmc Investment Advisors LLC raised its position in shares of Regions Financial Corp by 0.5% in the third quarter. Lbmc Investment Advisors LLC now owns 36,018 shares of the bank’s stock valued at $356,000 after buying an additional 197 shares during the period. LSV Asset Management raised its position in shares of Regions Financial Corp by 1.0% in the third quarter. LSV Asset Management now owns 33,541,284 shares of the bank’s stock valued at $331,052,000 after buying an additional 329,900 shares during the period. Homrich & Berg raised its position in shares of Regions Financial Corp by 4.4% in the third quarter. Homrich & Berg now owns 97,872 shares of the bank’s stock valued at $966,000 after buying an additional 4,138 shares during the period. TradeLink Capital LLC acquired a new position in shares of Regions Financial Corp during the third quarter valued at about $103,000. Finally, Palouse Capital Management Inc. acquired a new position in shares of Regions Financial Corp during the third quarter valued at about $5,881,000. 74.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Regions Financial Corp (NYSE:RF) traded up 0.07% during mid-day trading on Friday, reaching $14.28. 11,117,259 shares of the company’s stock traded hands. The company has a 50 day moving average of $14.13 and a 200 day moving average of $13.89. Regions Financial Corp has a 12 month low of $7.80 and a 12 month high of $16.03. The company has a market cap of $17.21 billion, a price-to-earnings ratio of 15.69 and a beta of 1.37.

Regions Financial Corp (NYSE:RF) last issued its earnings results on Tuesday, April 18th. The bank reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Regions Financial Corp had a return on equity of 7.09% and a net margin of 19.49%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the firm earned $0.20 earnings per share. Regions Financial Corp’s revenue for the quarter was up .1% on a year-over-year basis. Analysts expect that Regions Financial Corp will post $0.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from Regions Financial Corp’s previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, June 7th. Regions Financial Corp’s dividend payout ratio is presently 29.89%.

Several research analysts have recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Regions Financial Corp in a research note on Tuesday, March 7th. FBR & Co set a $18.00 target price on shares of Regions Financial Corp and gave the company a “buy” rating in a research note on Wednesday, April 19th. Argus lowered shares of Regions Financial Corp from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a research note on Monday, May 1st. Rafferty Capital Markets lowered shares of Regions Financial Corp from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a research note on Thursday, April 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $16.00 target price on shares of Regions Financial Corp in a research note on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $13.81.

In other news, Chairman Grayson Hall sold 202,231 shares of the company’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $13.51, for a total transaction of $2,732,140.81. Following the transaction, the chairman now directly owns 494,874 shares of the company’s stock, valued at $6,685,747.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David J. Turner, Jr. sold 45,535 shares of the company’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $13.82, for a total value of $629,293.70. Following the transaction, the chief financial officer now directly owns 126,160 shares in the company, valued at $1,743,531.20. The disclosure for this sale can be found here. Insiders have sold 411,176 shares of company stock worth $5,652,986 over the last ninety days. 0.88% of the stock is owned by insiders.

About Regions Financial Corp

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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