Regions Financial Co. (NYSE:RF) Shares Purchased by Czech National Bank

Czech National Bank raised its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 5.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,783 shares of the bank's stock after buying an additional 11,723 shares during the quarter. Czech National Bank's holdings in Regions Financial were worth $4,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd grew its holdings in Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after buying an additional 634 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Regions Financial during the 4th quarter valued at approximately $28,000. Picton Mahoney Asset Management boosted its position in shares of Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock valued at $29,000 after acquiring an additional 1,201 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of Regions Financial during the 4th quarter valued at approximately $32,000. Finally, Creative Capital Management Investments LLC bought a new position in shares of Regions Financial during the 4th quarter valued at approximately $44,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Regions Financial

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the purchase, the director now owns 17,486 shares of the company's stock, valued at approximately $370,353.48. The trade was a 15.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Stephens reiterated an "overweight" rating and set a $24.00 target price on shares of Regions Financial in a research report on Tuesday. Keefe, Bruyette & Woods lowered their target price on Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group lowered their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their target price on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Jefferies Financial Group began coverage on Regions Financial in a research report on Wednesday, May 21st. They issued a "hold" rating and a $24.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $25.80.

Regions Financial Stock Down 0.0%

RF traded down $0.00 on Thursday, hitting $21.30. The company had a trading volume of 5,007,141 shares, compared to its average volume of 8,122,360. The stock has a fifty day moving average price of $20.66 and a 200-day moving average price of $22.89. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a market capitalization of $19.15 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 1.93 and a beta of 0.97.

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 12.83% and a net margin of 20.20%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm earned $0.37 earnings per share. Analysts predict that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared 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 is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.70%. Regions Financial's payout ratio is 48.08%.

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.