57,750 Shares in Regions Financial Corporation $RF Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired 57,750 shares of Regions Financial Corporation (NYSE:RF), valued at approximately $1.26 million, indicating strong institutional interest in the bank during the 1st quarter.
• Regions Financial reported a quarterly earnings per share of $0.60, exceeding analysts' expectations, alongside a 10.1% increase in revenue compared to the same quarter last year.
• The bank has announced an increase in its quarterly dividend to $0.265 per share, reflecting a strong financial standing and commitment to returning value to shareholders.

Caxton Associates LLP bought a new position in shares of Regions Financial Corporation (NYSE:RF - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 57,750 shares of the bank's stock, valued at approximately $1,255,000.

Several other hedge funds have also recently modified their holdings of RF. Cetera Investment Advisers lifted its position in shares of Regions Financial by 6.8% during the 4th quarter. Cetera Investment Advisers now owns 292,379 shares of the bank's stock worth $6,877,000 after buying an additional 18,489 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Regions Financial by 20.0% in the 4th quarter. Focus Partners Wealth now owns 30,474 shares of the bank's stock worth $717,000 after purchasing an additional 5,074 shares during the period. Logan Capital Management Inc. raised its holdings in shares of Regions Financial by 40.4% in the 4th quarter. Logan Capital Management Inc. now owns 132,100 shares of the bank's stock worth $3,107,000 after purchasing an additional 38,016 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Regions Financial by 105.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 330,383 shares of the bank's stock worth $7,771,000 after purchasing an additional 169,593 shares during the period. Finally, Mubadala Investment Co PJSC bought a new stake in shares of Regions Financial in the 4th quarter worth approximately $3,818,000. Institutional investors own 79.39% of the company's stock.

Insiders Place Their Bets

In related news, EVP David R. Keenan sold 30,000 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total value of $750,300.00. Following the completion of the transaction, the executive vice president directly owned 90,915 shares in the company, valued at approximately $2,273,784.15. The trade was a 24.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roger W. Jenkins bought 4,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average price of $25.48 per share, with a total value of $101,920.00. Following the completion of the transaction, the director directly owned 6,383 shares of the company's stock, valued at $162,638.84. This represents a 167.86% increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RF has been the topic of a number of research reports. Cantor Fitzgerald initiated coverage on shares of Regions Financial in a report on Wednesday, September 10th. They issued an "overweight" rating and a $30.00 price target on the stock. Citigroup lifted their price target on shares of Regions Financial from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. DA Davidson lifted their price target on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Jefferies Financial Group started coverage on shares of Regions Financial in a report on Wednesday, May 21st. They issued a "hold" rating and a $24.00 price target on the stock. Finally, Wall Street Zen raised shares of Regions Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Regions Financial has an average rating of "Moderate Buy" and an average price target of $27.47.

Regions Financial Price Performance

Shares of RF traded down $0.27 during mid-day trading on Monday, reaching $26.90. 5,111,846 shares of the stock traded hands, compared to its average volume of 10,861,859. The firm has a fifty day moving average price of $25.91 and a 200 day moving average price of $22.99. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The bank reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.04. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The business's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. As a group, equities research analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.265 per share. This is an increase from Regions Financial's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.9%. Regions Financial's dividend payout ratio (DPR) is presently 49.30%.

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.