LSV Asset Management increased its position in shares of Regions Financial Corp. (NYSE:RF) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,211,384 shares of the company’s stock after buying an additional 865,037 shares during the period. LSV Asset Management owned 2.64% of Regions Financial Corp. worth $282,628,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Samlyn Capital LLC raised its stake in shares of Regions Financial Corp. by 66.0% in the first quarter. Samlyn Capital LLC now owns 11,611,786 shares of the company’s stock worth $91,152,000 after buying an additional 4,616,877 shares during the period. New York State Teachers Retirement System raised its stake in shares of Regions Financial Corp. by 7.3% in the second quarter. New York State Teachers Retirement System now owns 2,871,651 shares of the company’s stock worth $24,438,000 after buying an additional 194,415 shares during the period. Geode Capital Management LLC raised its stake in shares of Regions Financial Corp. by 0.3% in the first quarter. Geode Capital Management LLC now owns 11,508,410 shares of the company’s stock worth $90,175,000 after buying an additional 35,161 shares during the period. Endeavour Capital Advisors Inc. raised its stake in shares of Regions Financial Corp. by 29.9% in the first quarter. Endeavour Capital Advisors Inc. now owns 4,751,677 shares of the company’s stock worth $37,301,000 after buying an additional 1,093,531 shares during the period. Finally, AXA acquired a new stake in shares of Regions Financial Corp. during the first quarter worth $5,708,000. Institutional investors and hedge funds own 74.29% of the company’s stock.
Shares of Regions Financial Corp. (NYSE:RF) traded up 0.72% on Thursday, hitting $9.75. The stock had a trading volume of 10,290,182 shares. The company has a market capitalization of $12.24 billion, a P/E ratio of 12.26 and a beta of 1.64. The firm has a 50 day moving average price of $9.62 and a 200 day moving average price of $9.04. Regions Financial Corp. has a one year low of $7.00 and a one year high of $10.28.
Regions Financial Corp. (NYSE:RF) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. Regions Financial Corp. had a return on equity of 6.65% and a net margin of 18.63%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.37 billion. On average, equities research analysts predict that Regions Financial Corp. will post $0.83 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 2.69%. The ex-dividend date is Wednesday, September 7th. Regions Financial Corp.’s dividend payout ratio is 32.91%.
Several research analysts have recently commented on the company. Credit Suisse Group AG set a $9.50 target price on Regions Financial Corp. and gave the stock a “hold” rating in a research report on Wednesday, September 14th. Raymond James Financial Inc. upgraded Regions Financial Corp. from an “outperform” rating to a “strong-buy” rating and set a $11.50 target price for the company in a research report on Thursday, August 25th. Keefe, Bruyette & Woods upgraded Regions Financial Corp. from an “underperform” rating to a “market perform” rating and set a $10.50 target price for the company in a research report on Thursday, August 25th. Sanford C. Bernstein lowered Regions Financial Corp. from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $9.56 to $9.50 in a research report on Tuesday, August 16th. They noted that the move was a valuation call. Finally, TheStreet raised Regions Financial Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $10.31.
In other news, EVP C. Keith Herron sold 38,753 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $9.38, for a total value of $363,503.14. Following the transaction, the executive vice president now owns 290,384 shares of the company’s stock, valued at approximately $2,723,801.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ellen S. Jones sold 10,000 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $9.53, for a total value of $95,300.00. Following the completion of the transaction, the executive vice president now directly owns 54,886 shares in the company, valued at approximately $523,063.58. The disclosure for this sale can be found here. 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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