Twinbeech Capital LP Takes Position in Regions Financial Co. (NYSE:RF)

Twinbeech Capital LP acquired a new stake in Regions Financial Co. (NYSE:RF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 112,711 shares of the bank's stock, valued at approximately $2,651,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Two Sigma Advisers LP purchased a new stake in Regions Financial during the fourth quarter worth approximately $1,785,000. Two Sigma Investments LP increased its position in Regions Financial by 169.3% during the fourth quarter. Two Sigma Investments LP now owns 392,706 shares of the bank's stock worth $9,236,000 after buying an additional 246,906 shares during the period. Tidal Investments LLC increased its position in Regions Financial by 13.6% during the fourth quarter. Tidal Investments LLC now owns 144,619 shares of the bank's stock worth $3,401,000 after buying an additional 17,293 shares during the period. Toronto Dominion Bank increased its position in Regions Financial by 7.7% during the fourth quarter. Toronto Dominion Bank now owns 487,152 shares of the bank's stock worth $11,458,000 after buying an additional 34,898 shares during the period. Finally, Scientech Research LLC acquired a new position in Regions Financial during the fourth quarter worth approximately $1,135,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Regions Financial Price Performance

RF stock traded down $0.12 on Friday, reaching $21.26. 5,621,293 shares of the company's stock were exchanged, compared to its average volume of 8,123,674. The stock has a fifty day moving average of $20.74 and a 200-day moving average of $23.15. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The firm has a market cap of $19.11 billion, a PE ratio of 10.96, a P/E/G ratio of 1.93 and a beta of 0.97. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same quarter in the prior year, the company earned $0.37 earnings per share. As a group, equities analysts predict that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.70%. The ex-dividend date is Monday, June 2nd. Regions Financial's dividend payout ratio (DPR) is 48.08%.

Insider Buying and Selling at Regions Financial

In other news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This trade represents a 15.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RF has been the topic of several research analyst reports. TD Cowen initiated coverage on Regions Financial in a research report on Thursday, May 15th. They set a "buy" rating and a $31.00 price target on the stock. Morgan Stanley decreased their target price on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Keefe, Bruyette & Woods decreased their target price on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Barclays decreased their target price on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Finally, Citigroup dropped their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Regions Financial presently has an average rating of "Moderate Buy" and an average target price of $25.80.

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.