Farringdon Capital Ltd. Purchases Shares of 25,307 Regions Financial Co. (NYSE:RF)

Farringdon Capital Ltd. purchased a new stake in Regions Financial Co. (NYSE:RF - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,307 shares of the bank's stock, valued at approximately $595,000.

A number of other institutional investors have also modified their holdings of the stock. Ballentine Partners LLC increased its holdings in shares of Regions Financial by 2.5% during the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock valued at $411,000 after purchasing an additional 420 shares during the period. Prossimo Advisors LLC raised its holdings in shares of Regions Financial by 2.3% during the fourth quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock valued at $453,000 after acquiring an additional 430 shares during the period. Greenleaf Trust lifted its holdings in shares of Regions Financial by 1.8% in the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock valued at $573,000 after purchasing an additional 436 shares in the last quarter. Lake Street Advisors Group LLC lifted its position in shares of Regions Financial by 2.3% in the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after purchasing an additional 436 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Regions Financial by 0.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 70,822 shares of the bank's stock valued at $1,666,000 after buying an additional 529 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

Insider Activity

In related news, Director Joia M. Johnson purchased 2,300 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the purchase, the director now owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is owned by company insiders.

Regions Financial Trading Up 1.6 %

Shares of NYSE RF traded up $0.31 during mid-day trading on Wednesday, hitting $20.09. The company's stock had a trading volume of 2,898,052 shares, compared to its average volume of 8,107,635. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The company's fifty day simple moving average is $21.41 and its 200-day simple moving average is $23.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market cap of $18.19 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same period in the previous year, the firm earned $0.37 earnings per share. On average, sell-side analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.98%. Regions Financial's dividend payout ratio is 48.08%.

Wall Street Analyst Weigh In

RF has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered their price target on Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday. The Goldman Sachs Group lowered their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday. Citigroup decreased their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Monday, March 24th. Wells Fargo & Company cut their target price on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Finally, Stephens decreased their price objective on Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $25.53.

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.