Czech National Bank Acquires 10,947 Shares of Regions Financial Corporation $RF

Key Points

• The Czech National Bank increased its stake in Regions Financial Corporation by 5.2%, now holding 219,730 shares valued at approximately $5.17 million.
• Regions Financial's stock recently reached $27.41, with a dividend increase to $0.265 per share for the upcoming payment, reflecting a 3.9% yield.
• Several analysts have raised their price targets for Regions Financial, with a consensus rating of "Moderate Buy" and an average price target of $27.47.

Czech National Bank lifted its position in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 5.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 219,730 shares of the bank's stock after buying an additional 10,947 shares during the quarter. Czech National Bank's holdings in Regions Financial were worth $5,168,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RF. Wellington Management Group LLP lifted its position in shares of Regions Financial by 3.7% in the first quarter. Wellington Management Group LLP now owns 44,211,562 shares of the bank's stock valued at $960,717,000 after acquiring an additional 1,562,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Regions Financial by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,092,742 shares of the bank's stock valued at $675,645,000 after purchasing an additional 1,909,162 shares during the period. Invesco Ltd. lifted its holdings in Regions Financial by 35.7% in the 1st quarter. Invesco Ltd. now owns 20,990,446 shares of the bank's stock worth $456,122,000 after purchasing an additional 5,521,772 shares in the last quarter. Amundi lifted its holdings in Regions Financial by 20.4% in the 1st quarter. Amundi now owns 10,010,267 shares of the bank's stock worth $198,721,000 after purchasing an additional 1,696,347 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Regions Financial by 11.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,369,608 shares of the bank's stock worth $220,373,000 after purchasing an additional 931,875 shares during the period. Institutional investors own 79.39% of the company's stock.

Regions Financial Trading Down 2.2%

RF traded down $0.59 on Monday, hitting $26.57. The company had a trading volume of 18,541,639 shares, compared to its average volume of 18,628,070. The business's fifty day simple moving average is $26.17 and its 200 day simple moving average is $23.17. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96. The company has a market cap of $23.71 billion, a PE ratio of 12.36, a PEG ratio of 1.56 and a beta of 1.02.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Friday, July 18th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.04. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. Equities research analysts expect that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Regions Financial's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a yield of 4.0%. Regions Financial's payout ratio is presently 49.30%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. DA Davidson lifted their price target on shares of Regions Financial from $25.00 to $29.00 and gave the company a "buy" rating in a report on Monday, July 21st. Morgan Stanley raised their price objective on Regions Financial from $27.00 to $29.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods boosted their target price on Regions Financial from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Citigroup increased their price target on Regions Financial from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Cantor Fitzgerald assumed coverage on Regions Financial in a research note on Wednesday, September 10th. They issued an "overweight" rating and a $30.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $27.47.

Insider Buying and Selling at Regions Financial

In other news, EVP David R. Keenan sold 30,000 shares of the firm's stock in a transaction dated 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 sale, the executive vice president owned 90,915 shares in the company, valued at approximately $2,273,784.15. This trade represents a 24.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roger W. Jenkins purchased 4,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the acquisition, the director directly owned 6,383 shares in the company, valued at $162,638.84. The trade was 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.

About Regions Financial

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.