Two Sigma Advisers LP Has $57.13 Million Position in Regions Financial Corp (RF)

Two Sigma Advisers LP lessened its holdings in Regions Financial Corp (NYSE:RF) by 24.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,306,081 shares of the bank’s stock after selling 1,075,900 shares during the period. Two Sigma Advisers LP owned approximately 0.29% of Regions Financial worth $57,129,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. grew its stake in Regions Financial by 17.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 128,735 shares of the bank’s stock worth $1,961,000 after buying an additional 19,307 shares during the last quarter. Victory Capital Management Inc. grew its stake in Regions Financial by 35.5% during the third quarter. Victory Capital Management Inc. now owns 129,002 shares of the bank’s stock worth $1,965,000 after buying an additional 33,784 shares during the last quarter. State of Wisconsin Investment Board grew its stake in Regions Financial by 76.9% during the third quarter. State of Wisconsin Investment Board now owns 197,060 shares of the bank’s stock worth $3,001,000 after buying an additional 85,645 shares during the last quarter. American Century Companies Inc. bought a new stake in Regions Financial during the third quarter worth about $159,000. Finally, Global X MANAGEMENT CO LLC grew its stake in Regions Financial by 11.6% during the third quarter. Global X MANAGEMENT CO LLC now owns 55,605 shares of the bank’s stock worth $847,000 after buying an additional 5,792 shares during the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

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Shares of RF stock opened at $18.23 on Friday. Regions Financial Corp has a 52-week low of $13.00 and a 52-week high of $20.21. The company has a market capitalization of $21,059.32, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.39 and a beta of 1.26. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $0.23 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. equities analysts anticipate that Regions Financial Corp will post 1.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 9th were paid a $0.09 dividend. The ex-dividend date was Thursday, March 8th. This represents a $0.36 dividend on an annualized basis and a yield of 1.97%. Regions Financial’s payout ratio is presently 36.00%.

Several brokerages have weighed in on RF. Morgan Stanley upped their price objective on shares of Regions Financial from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. ValuEngine cut shares of Regions Financial from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. UBS raised shares of Regions Financial from a “sell” rating to a “neutral” rating and increased their price target for the company from $15.00 to $18.00 in a research note on Tuesday, December 12th. Piper Jaffray reissued a “hold” rating and set a $17.00 price target on shares of Regions Financial in a research note on Tuesday, January 9th. Finally, Barclays reissued a “sell” rating and set a $20.00 price target on shares of Regions Financial in a research note on Tuesday, January 23rd. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $17.25.

In other Regions Financial news, EVP Ronald G. Smith sold 92,301 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $19.32, for a total value of $1,783,255.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott M. Peters sold 25,627 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total transaction of $499,726.50. Following the completion of the sale, the executive vice president now owns 240,796 shares in the company, valued at $4,695,522. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.

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Regions Financial Profile

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.

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

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