Quadrature Capital Ltd Purchases 52,226 Shares of Regions Financial Co. (NYSE:RF)

Quadrature Capital Ltd raised its position in shares of Regions Financial Co. (NYSE:RF) by 330.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,032 shares of the bank’s stock after purchasing an additional 52,226 shares during the quarter. Quadrature Capital Ltd’s holdings in Regions Financial were worth $1,431,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RF. Norges Bank bought a new position in shares of Regions Financial during the 4th quarter valued at approximately $210,379,000. Cincinnati Insurance Co. bought a new position in shares of Regions Financial during the 1st quarter valued at approximately $74,606,000. Vanguard Group Inc. grew its stake in shares of Regions Financial by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 117,704,755 shares of the bank’s stock valued at $2,281,118,000 after acquiring an additional 3,119,237 shares during the period. Wellington Management Group LLP grew its stake in shares of Regions Financial by 3.6% during the 4th quarter. Wellington Management Group LLP now owns 55,775,416 shares of the bank’s stock valued at $1,080,928,000 after acquiring an additional 1,951,026 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of Regions Financial during the 1st quarter valued at approximately $33,829,000. 79.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RF shares. StockNews.com raised Regions Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Jefferies Financial Group boosted their price target on Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods lowered their price target on Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. Wells Fargo & Company boosted their price target on Regions Financial from $18.00 to $22.00 and gave the stock an “equal weight” rating in a report on Monday, July 22nd. Finally, Morgan Stanley lowered their price target on Regions Financial from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.32.

Regions Financial Trading Up 0.9 %

NYSE:RF traded up $0.21 during midday trading on Friday, hitting $22.76. 7,329,041 shares of the company traded hands, compared to its average volume of 9,182,820. The firm’s fifty day moving average is $19.83 and its 200-day moving average is $19.42. Regions Financial Co. has a 12-month low of $13.72 and a 12-month high of $22.85. The firm has a market capitalization of $20.84 billion, a P/E ratio of 12.37, a P/E/G ratio of 2.90 and a beta of 1.18. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the firm posted $0.59 EPS. Regions Financial’s quarterly revenue was down 11.5% compared to the same quarter last year. On average, sell-side analysts predict that Regions Financial Co. will post 1.99 EPS for the current year.

Regions Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, September 3rd. This is a positive change from Regions Financial’s previous quarterly dividend of $0.24. Regions Financial’s dividend payout ratio is presently 54.35%.

Insider Activity at Regions Financial

In other Regions Financial news, EVP William D. Ritter sold 23,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $19.95, for a total value of $458,850.00. Following the transaction, the executive vice president now owns 41,671 shares of the company’s stock, valued at approximately $831,336.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is currently owned by insiders.

Regions Financial 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.