14,206 Shares in Regions Financial Corporation $RF Purchased by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC invested approximately $309,000 in Regions Financial Corporation by acquiring 14,206 shares during the first quarter.
• Regions Financial recently increased its quarterly dividend from $0.25 to $0.265, representing a dividend yield of 3.9%.
• Several analysts have set new price targets for Regions Financial, with Keefe, Bruyette & Woods raising their target from $29.00 to $30.00, while Citigroup increased theirs from $27.00 to $30.00.

MBB Public Markets I LLC bought a new stake in shares of Regions Financial Corporation (NYSE:RF - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,206 shares of the bank's stock, valued at approximately $309,000.

Several other institutional investors also recently bought and sold shares of the company. Bayforest Capital Ltd increased its stake in Regions Financial by 637.3% during the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank's stock worth $27,000 after buying an additional 1,058 shares during the period. Rossby Financial LCC purchased a new stake in shares of Regions Financial during the first quarter worth $36,000. Grove Bank & Trust increased its position in shares of Regions Financial by 76.6% during the first quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock worth $41,000 after acquiring an additional 814 shares during the period. Groupe la Francaise acquired a new stake in shares of Regions Financial in the first quarter valued at $41,000. Finally, Wealth Preservation Advisors LLC purchased a new position in Regions Financial in the first quarter valued at $58,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Price Performance

RF stock traded up $0.15 on Friday, reaching $27.19. 17,753,369 shares of the company's stock were exchanged, compared to its average volume of 16,845,808. The stock has a fifty day moving average of $25.91 and a 200-day moving average of $22.99. The firm has a market cap of $24.26 billion, a PE ratio of 12.65, a P/E/G ratio of 1.55 and a beta of 1.02. 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 twelve month low of $17.74 and a twelve month high of $27.96.

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

Regions Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be given a $0.265 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.06 annualized dividend and a dividend yield of 3.9%. This is a boost from Regions Financial's previous quarterly dividend of $0.25. Regions Financial's payout ratio is presently 49.30%.

Insider Transactions at Regions Financial

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

Analyst Ratings Changes

Several equities research analysts have weighed in on RF shares. Citigroup upped their price target on Regions Financial from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods upped their target price on shares of Regions Financial from $29.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Jefferies Financial Group initiated coverage on shares of Regions Financial in a research note on Wednesday, May 21st. They issued a "hold" rating and a $24.00 price target for the company. Stephens boosted their price target on shares of Regions Financial from $24.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, Cantor Fitzgerald initiated coverage on shares of Regions Financial in a research report on Wednesday. They issued an "overweight" rating and a $30.00 price objective on the stock. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $27.47.

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.