Two Sigma Securities LLC bought a new position in Regions Financial Corp (NYSE:RF) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,066 shares of the bank’s stock, valued at approximately $226,000.
Other hedge funds have also recently modified their holdings of the company. Brown Advisory Securities LLC lifted its position in Regions Financial by 10.1% in the fourth quarter. Brown Advisory Securities LLC now owns 36,573 shares of the bank’s stock worth $633,000 after purchasing an additional 3,348 shares during the period. BancorpSouth Bank bought a new position in Regions Financial in the fourth quarter worth $949,000. Pinebridge Investments L.P. lifted its position in Regions Financial by 5.7% in the third quarter. Pinebridge Investments L.P. now owns 758,442 shares of the bank’s stock worth $11,551,000 after purchasing an additional 40,919 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Regions Financial by 10.6% during the fourth quarter. Toronto Dominion Bank now owns 501,735 shares of the bank’s stock valued at $8,669,000 after acquiring an additional 48,117 shares during the period. Finally, Cipher Capital LP bought a new position in shares of Regions Financial during the third quarter valued at $1,160,000. 76.33% of the stock is owned by hedge funds and other institutional investors.
Regions Financial Corp (NYSE RF) opened at $19.63 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53. Regions Financial Corp has a twelve month low of $13.00 and a twelve month high of $20.21. The stock has a market capitalization of $22,035.95, a PE ratio of 19.63, a P/E/G ratio of 1.46 and a beta of 1.27.
Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 earnings per share. research analysts predict that Regions Financial Corp will post 1.34 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.36 dividend on an annualized basis and a yield of 1.83%. Regions Financial’s payout ratio is 36.00%.
A number of research analysts have issued reports on the company. Morgan Stanley lifted their price objective on Regions Financial from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. B. Riley reissued a “hold” rating and set a $19.00 price objective on shares of Regions Financial in a report on Monday, January 22nd. SunTrust Banks reissued a “buy” rating and set a $19.00 price objective on shares of Regions Financial in a report on Wednesday, November 29th. ValuEngine cut Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $17.00 price objective on shares of Regions Financial in a report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $17.24.
In related news, EVP Ronald G. Smith sold 92,301 shares of Regions Financial stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $19.32, for a total value of $1,783,255.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott M. Peters sold 25,627 shares of Regions Financial stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total value of $499,726.50. Following the completion of the sale, the executive vice president now owns 240,796 shares of the company’s stock, valued at $4,695,522. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.
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.
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