Arcus Capital Partners LLC boosted its stake in shares of Regions Financial Corp (NYSE:RF) by 0.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,912 shares of the bank’s stock after buying an additional 2 shares during the period. Arcus Capital Partners LLC’s holdings in Regions Financial Corp were worth $217,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in RF. Analytic Investors LLC purchased a new stake in Regions Financial Corp during the third quarter valued at approximately $974,000. UBS Group AG raised its stake in Regions Financial Corp by 122.3% in the third quarter. UBS Group AG now owns 1,221,766 shares of the bank’s stock valued at $12,059,000 after buying an additional 672,073 shares during the last quarter. Two Sigma Securities LLC raised its stake in Regions Financial Corp by 511.2% in the third quarter. Two Sigma Securities LLC now owns 173,050 shares of the bank’s stock valued at $1,708,000 after buying an additional 144,739 shares during the last quarter. United Services Automobile Association raised its stake in Regions Financial Corp by 3.9% in the third quarter. United Services Automobile Association now owns 900,994 shares of the bank’s stock valued at $8,893,000 after buying an additional 33,867 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in Regions Financial Corp by 5.0% in the third quarter. HighTower Advisors LLC now owns 89,460 shares of the bank’s stock valued at $883,000 after buying an additional 4,262 shares during the last quarter. 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 midday trading on Thursday, hitting $14.28. 18,015,840 shares of the stock were exchanged. 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 $17.17 billion, a PE ratio of 15.69 and a beta of 1.37. The firm has a 50-day moving average price of $14.05 and a 200-day moving average price of $14.26. Regions Financial Corp also saw unusually large options trading activity on Monday. Investors acquired 40,945 call options on the stock. This is an increase of 1,129% compared to the average daily volume of 3,331 call options.
Regions Financial Corp (NYSE:RF) last posted its quarterly earnings results on Tuesday, April 18th. The bank reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Regions Financial Corp had a net margin of 19.49% and a return on equity of 7.09%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business posted $0.20 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts predict that Regions Financial Corp will post $0.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This is a positive change from Regions Financial Corp’s previous quarterly dividend of $0.07. This represents a $0.28 annualized dividend and a dividend yield of 1.96%. Regions Financial Corp’s payout ratio is 29.89%.
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Several analysts have recently commented on the stock. SunTrust Banks, Inc. raised shares of Regions Financial Corp from a “hold” rating to a “buy” rating in a research report on Thursday, February 16th. Stephens lowered shares of Regions Financial Corp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 1st. Wedbush reaffirmed an “outperform” rating and set a $16.00 price target on shares of Regions Financial Corp in a research report on Tuesday, March 7th. Goldman Sachs Group Inc reduced their price target on shares of Regions Financial Corp to $17.00 and set a “buy” rating on the stock in a research report on Thursday, March 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $16.00 price target on shares of Regions Financial Corp in a research report on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Regions Financial Corp has a consensus rating of “Hold” and an average price target of $13.87.
In other news, Chairman Grayson Hall sold 202,231 shares of Regions Financial Corp stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $13.51, for a total value of $2,732,140.81. Following the completion of the transaction, the chairman now directly owns 494,874 shares of the company’s stock, valued at approximately $6,685,747.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP C. Keith Herron sold 30,000 shares of Regions Financial Corp stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $14.30, for a total transaction of $429,000.00. Following the completion of the transaction, the executive vice president now directly owns 204,537 shares of the company’s stock, valued at $2,924,879.10. The disclosure for this sale can be found here. Insiders sold a total of 396,176 shares of company stock valued at $5,418,986 over the last ninety days. Company insiders own 0.88% of the company’s stock.
Regions Financial Corp Company 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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