Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Regions Financial Corporation (NYSE:RF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 199,288 shares of the bank’s stock, valued at approximately $3,007,000.
Other large investors have also bought and sold shares of the company. Lloyds Banking Group plc bought a new stake in Regions Financial Corporation during the second quarter valued at $108,000. Seven Eight Capital LP bought a new stake in Regions Financial Corporation during the second quarter valued at $111,000. Sun Life Financial INC boosted its stake in Regions Financial Corporation by 98,133.3% during the second quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock valued at $129,000 after buying an additional 8,832 shares during the period. Salem Investment Counselors Inc. boosted its stake in Regions Financial Corporation by 0.3% during the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after buying an additional 26 shares during the period. Finally, Captrust Financial Advisors bought a new stake in Regions Financial Corporation during the second quarter valued at $139,000. 77.53% of the stock is owned by institutional investors.
Shares of Regions Financial Corporation (RF) opened at $15.44 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $17,596.76, a PE ratio of 15.80, a P/E/G ratio of 1.37 and a beta of 1.29. Regions Financial Corporation has a 12 month low of $12.80 and a 12 month high of $16.03.
Regions Financial Corporation (NYSE:RF) last posted its earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial Corporation had a return on equity of 7.56% and a net margin of 20.14%. Regions Financial Corporation’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. analysts predict that Regions Financial Corporation will post 0.99 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a $0.09 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.36 annualized dividend and a dividend yield of 2.33%. Regions Financial Corporation’s payout ratio is presently 37.50%.
In other Regions Financial Corporation news, EVP John B. Owen sold 40,000 shares of Regions Financial Corporation stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total transaction of $626,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Scott M. Peters sold 25,000 shares of Regions Financial Corporation stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $15.84, for a total value of $396,000.00. Following the sale, the executive vice president now directly owns 121,459 shares in the company, valued at $1,923,910.56. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.
A number of research firms have weighed in on RF. Royal Bank Of Canada restated a “hold” rating and set a $16.00 price target on shares of Regions Financial Corporation in a research report on Wednesday, October 25th. Nomura restated a “neutral” rating and set a $17.00 price target (up previously from $16.00) on shares of Regions Financial Corporation in a research report on Thursday, October 26th. J P Morgan Chase & Co raised their price target on Regions Financial Corporation from $15.50 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. FBR & Co restated a “hold” rating and set a $16.00 price target on shares of Regions Financial Corporation in a research report on Wednesday, October 25th. Finally, Robert W. Baird downgraded Regions Financial Corporation from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a research report on Monday, October 2nd. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Regions Financial Corporation presently has a consensus rating of “Hold” and a consensus price target of $15.31.
Regions Financial Corporation 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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