Cambridge Trust Co. Sells 3,967 Shares of Regions Financial Co. (NYSE:RF)

Cambridge Trust Co. decreased its holdings in shares of Regions Financial Co. (NYSE:RF) by 44.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,947 shares of the bank’s stock after selling 3,967 shares during the period. Cambridge Trust Co.’s holdings in Regions Financial were worth $104,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. EntryPoint Capital LLC purchased a new position in Regions Financial in the first quarter valued at about $26,000. Laurel Wealth Advisors LLC grew its position in shares of Regions Financial by 86.5% in the 4th quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock worth $27,000 after buying an additional 649 shares during the last quarter. ICA Group Wealth Management LLC purchased a new position in shares of Regions Financial in the 4th quarter worth approximately $28,000. Glassman Wealth Services raised its stake in shares of Regions Financial by 163.3% during the 4th quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock worth $30,000 after acquiring an additional 967 shares in the last quarter. Finally, MV Capital Management Inc. boosted its stake in Regions Financial by 75.6% in the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after acquiring an additional 618 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

RF has been the topic of a number of recent analyst reports. Piper Sandler upped their price target on Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Bank of America upped their target price on Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Wells Fargo & Company raised their price target on Regions Financial from $18.00 to $22.00 and gave the stock an “equal weight” rating in a report on Monday, July 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Tuesday, July 9th. Finally, Citigroup boosted their target price on shares of Regions Financial from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.51.

Regions Financial Stock Performance

NYSE RF traded down $0.66 on Friday, reaching $20.88. 8,259,515 shares of the company’s stock traded hands, compared to its average volume of 9,299,469. The stock has a 50 day moving average price of $20.08 and a 200-day moving average price of $19.55. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 2.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $22.88.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the firm posted $0.59 EPS. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. Equities research analysts predict that Regions Financial Co. will post 2 EPS for the current fiscal year.

Regions Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be issued a $0.25 dividend. This is a positive change from Regions Financial’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Tuesday, September 3rd. Regions Financial’s dividend payout ratio (DPR) is presently 52.17%.

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.