Regions Financial Co. (NYSE:RF) Stock Position Increased by Stevens Capital Management LP

Stevens Capital Management LP grew its stake in shares of Regions Financial Co. (NYSE:RF) by 49.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,548 shares of the bank’s stock after buying an additional 5,154 shares during the quarter. Stevens Capital Management LP’s holdings in Regions Financial were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Y.D. More Investments Ltd raised its position in shares of Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after buying an additional 634 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Regions Financial during the 4th quarter worth about $28,000. Picton Mahoney Asset Management raised its position in shares of Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after buying an additional 1,201 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of Regions Financial during the 4th quarter worth about $32,000. Finally, Truvestments Capital LLC bought a new stake in shares of Regions Financial during the 3rd quarter worth about $37,000. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Performance

Regions Financial stock opened at $21.68 on Monday. The firm’s 50 day simple moving average is $23.46 and its 200-day simple moving average is $23.96. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The company has a market cap of $19.63 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. As a group, equities research analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Monday, March 3rd. Regions Financial’s payout ratio is presently 51.55%.

Analyst Ratings Changes

A number of analysts have commented on RF shares. Citigroup dropped their price target on shares of Regions Financial from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Barclays boosted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. The Goldman Sachs Group boosted their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Compass Point boosted their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 target price (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Regions Financial presently has an average rating of “Moderate Buy” and an average target price of $27.44.

Insider Activity at Regions Financial

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. The trade was a 15.15 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have purchased 3,993 shares of company stock valued at $89,682. Corporate insiders own 0.29% of the company’s stock.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.