Sustainable Insight Capital Management LLC Has $2.46 Million Position in Regions Financial Co. (NYSE:RF)

Sustainable Insight Capital Management LLC trimmed its holdings in shares of Regions Financial Co. (NYSE:RF) by 11.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,500 shares of the bank’s stock after selling 15,100 shares during the period. Regions Financial comprises 1.2% of Sustainable Insight Capital Management LLC’s holdings, making the stock its 26th largest position. Sustainable Insight Capital Management LLC’s holdings in Regions Financial were worth $2,455,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RF. Candriam S.C.A. increased its holdings in shares of Regions Financial by 1.5% during the 2nd quarter. Candriam S.C.A. now owns 114,448 shares of the bank’s stock worth $2,293,000 after acquiring an additional 1,744 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Regions Financial by 17.1% in the second quarter. Victory Capital Management Inc. now owns 2,965,126 shares of the bank’s stock valued at $59,421,000 after purchasing an additional 433,319 shares during the last quarter. National Bank of Canada FI raised its position in shares of Regions Financial by 23.2% in the second quarter. National Bank of Canada FI now owns 252,317 shares of the bank’s stock valued at $5,021,000 after purchasing an additional 47,465 shares during the period. Chase Investment Counsel Corp acquired a new stake in shares of Regions Financial during the 2nd quarter worth about $233,000. Finally, Impact Partnership Wealth LLC boosted its holdings in shares of Regions Financial by 10.3% during the 2nd quarter. Impact Partnership Wealth LLC now owns 26,294 shares of the bank’s stock worth $527,000 after buying an additional 2,454 shares during the period. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Down 1.9 %

Shares of Regions Financial stock opened at $22.17 on Friday. The stock has a market capitalization of $20.30 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 3.01 and a beta of 1.18. Regions Financial Co. has a 52 week low of $13.72 and a 52 week high of $23.47. The stock has a 50 day moving average price of $21.59 and a two-hundred day moving average price of $20.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The firm’s revenue was down 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. As a group, equities analysts anticipate that Regions Financial Co. will post 2 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.51%. This is an increase from Regions Financial’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, September 3rd. Regions Financial’s dividend payout ratio is presently 54.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada lifted their price objective on Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Morgan Stanley upped their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Jefferies Financial Group upped their price target on shares of Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, Bank of America boosted their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Regions Financial currently has a consensus rating of “Hold” and an average target price of $21.51.

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.