Achmea Investment Management B.V. Buys 36,232 Shares of Regions Financial Corporation (NYSE:RF)

Achmea Investment Management B.V. boosted its stake in Regions Financial Corporation (NYSE:RF - Free Report) by 47.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,657 shares of the bank's stock after purchasing an additional 36,232 shares during the quarter. Achmea Investment Management B.V.'s holdings in Regions Financial were worth $2,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in RF. IFP Advisors Inc boosted its position in shares of Regions Financial by 25.2% during the 4th quarter. IFP Advisors Inc now owns 10,529 shares of the bank's stock valued at $248,000 after acquiring an additional 2,119 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Regions Financial by 1.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 362,605 shares of the bank's stock valued at $8,528,000 after acquiring an additional 6,000 shares during the last quarter. Kovack Advisors Inc. bought a new stake in shares of Regions Financial during the 4th quarter valued at about $205,000. Proficio Capital Partners LLC bought a new stake in shares of Regions Financial during the 4th quarter valued at about $2,393,000. Finally, QRG Capital Management Inc. boosted its position in shares of Regions Financial by 7.5% during the 4th quarter. QRG Capital Management Inc. now owns 134,794 shares of the bank's stock valued at $3,170,000 after acquiring an additional 9,355 shares during the last quarter. Institutional investors own 79.39% of the company's stock.

Regions Financial Stock Performance

Shares of RF stock opened at $23.40 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96. The stock has a 50 day moving average price of $21.56 and a two-hundred day moving average price of $22.36. The company has a market capitalization of $21.03 billion, a P/E ratio of 11.25, a PEG ratio of 1.85 and a beta of 0.96.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 13.04% and a net margin of 21.43%. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the firm earned $0.37 earnings per share. Analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.27%. Regions Financial's dividend payout ratio (DPR) is presently 48.08%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RF shares. Morgan Stanley dropped their price target on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. Citigroup dropped their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Jefferies Financial Group initiated coverage on Regions Financial in a report on Wednesday, May 21st. They set a "hold" rating and a $24.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods decreased their price objective on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Regions Financial currently has an average rating of "Hold" 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.

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