Robeco Institutional Asset Management B.V. lifted its position in shares of Regions Financial Corp (NYSE:RF) by 16.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,621,515 shares of the bank’s stock after purchasing an additional 230,595 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Regions Financial were worth $28,867,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in RF. Renaissance Technologies LLC acquired a new stake in Regions Financial in the 4th quarter valued at $1,115,000. Hanseatic Management Services Inc. boosted its stake in Regions Financial by 3.7% in the 1st quarter. Hanseatic Management Services Inc. now owns 76,179 shares of the bank’s stock valued at $1,415,000 after buying an additional 2,699 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Regions Financial by 14.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 47,154 shares of the bank’s stock valued at $876,000 after buying an additional 5,787 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in Regions Financial by 515.7% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 352,416 shares of the bank’s stock valued at $6,415,000 after buying an additional 295,182 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its stake in Regions Financial by 13.0% in the 1st quarter. Dupont Capital Management Corp now owns 39,991 shares of the bank’s stock valued at $743,000 after buying an additional 4,590 shares in the last quarter. 75.11% of the stock is currently owned by institutional investors.
Several analysts recently commented on the company. Robert W. Baird raised Regions Financial from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 28th. Royal Bank of Canada raised Regions Financial from a “sector perform” rating to an “outperform” rating and set a $11.00 price target on the stock in a research note on Monday, June 18th. ValuEngine lowered Regions Financial from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. B. Riley boosted their price target on Regions Financial from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, April 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Regions Financial in a research note on Sunday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.43.
In other news, Director Susan W. Matlock sold 24,000 shares of the business’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $18.50, for a total transaction of $444,000.00. Following the completion of the sale, the director now owns 14,914 shares in the company, valued at $275,909. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP C. Matthew Lusco sold 10,000 shares of the business’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $19.23, for a total value of $192,300.00. Following the sale, the executive vice president now owns 121,473 shares of the company’s stock, valued at approximately $2,335,925.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,440 shares of company stock valued at $1,802,556. Corporate insiders own 0.84% of the company’s stock.
Shares of Regions Financial opened at $19.13 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. Regions Financial Corp has a 52-week low of $13.02 and a 52-week high of $20.21. The firm has a market capitalization of $21.26 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.01 and a beta of 1.28.
Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, July 20th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Regions Financial had a return on equity of 9.46% and a net margin of 22.77%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. equities research analysts forecast that Regions Financial Corp will post 1.42 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 7th will be given a $0.14 dividend. This is an increase from Regions Financial’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, September 6th. This represents a $0.56 annualized dividend and a yield of 2.93%. Regions Financial’s payout ratio is presently 36.00%.
About Regions Financial
Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing.
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