Signaturefd LLC bought a new position in Regions Financial Co. (NYSE:RF) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,012 shares of the bank’s stock, valued at approximately $167,000.
A number of other large investors also recently bought and sold shares of the business. Fieldpoint Private Securities LLC grew its position in Regions Financial by 1,811.9% in the 1st quarter. Fieldpoint Private Securities LLC now owns 56,020 shares of the bank’s stock worth $1,041,000 after purchasing an additional 53,090 shares during the period. Stevens Capital Management LP purchased a new position in shares of Regions Financial during the 1st quarter worth $1,801,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Regions Financial by 54.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,632,585 shares of the bank’s stock worth $86,075,000 after acquiring an additional 1,633,450 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC purchased a new position in shares of Regions Financial during the 1st quarter worth $424,000. Finally, ING Groep NV boosted its stake in shares of Regions Financial by 4.0% during the 1st quarter. ING Groep NV now owns 114,696 shares of the bank’s stock worth $2,131,000 after acquiring an additional 4,404 shares during the last quarter. 77.58% of the stock is owned by institutional investors and hedge funds.
RF has been the topic of several analyst reports. Royal Bank of Canada reiterated a “hold” rating and set a $18.00 price target on shares of Regions Financial in a research note on Sunday, January 21st. ValuEngine upgraded shares of Regions Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Sandler O’Neill upgraded shares of Regions Financial from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Regions Financial in a research note on Sunday, April 22nd. Finally, Barclays reiterated a “sell” rating and set a $20.00 price target on shares of Regions Financial in a research note on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $17.56.
In other Regions Financial news, EVP William D. Ritter sold 112,333 shares of the business’s stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $18.64, for a total value of $2,093,887.12. Following the sale, the executive vice president now owns 198,163 shares in the company, valued at approximately $3,693,758.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Grayson Hall sold 193,228 shares of the business’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $19.34, for a total transaction of $3,737,029.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 572,337 shares of company stock worth $10,931,520. 0.84% of the stock is owned by corporate insiders.
Regions Financial opened at $19.13 on Friday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.86. Regions Financial Co. has a fifty-two week low of $13.02 and a fifty-two week high of $20.21. The firm has a market cap of $21.49 billion, a P/E ratio of 17.08, a PEG ratio of 0.97 and a beta of 1.26.
Regions Financial (NYSE:RF) last released its earnings results on Friday, April 20th. The bank reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Regions Financial had a net margin of 22.06% and a return on equity of 8.75%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company earned $0.23 EPS. equities analysts expect that Regions Financial Co. will post 1.4 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 8th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, June 7th. Regions Financial’s dividend payout ratio (DPR) is 36.00%.
Regions Financial Company Profile
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
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