Two Sigma Investments LP Buys 246,906 Shares of Regions Financial Co. (NYSE:RF)

Two Sigma Investments LP raised its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 169.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,706 shares of the bank's stock after acquiring an additional 246,906 shares during the period. Two Sigma Investments LP's holdings in Regions Financial were worth $9,236,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Tidal Investments LLC increased its stake in shares of Regions Financial by 13.6% during the fourth quarter. Tidal Investments LLC now owns 144,619 shares of the bank's stock valued at $3,401,000 after acquiring an additional 17,293 shares during the period. Toronto Dominion Bank increased its position in shares of Regions Financial by 7.7% during the 4th quarter. Toronto Dominion Bank now owns 487,152 shares of the bank's stock valued at $11,458,000 after purchasing an additional 34,898 shares during the period. Scientech Research LLC acquired a new position in shares of Regions Financial during the 4th quarter valued at $1,135,000. Siemens Fonds Invest GmbH raised its stake in shares of Regions Financial by 345.8% in the 4th quarter. Siemens Fonds Invest GmbH now owns 44,148 shares of the bank's stock worth $1,038,000 after buying an additional 34,244 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Regions Financial by 11.4% in the fourth quarter. Royal Bank of Canada now owns 7,384,061 shares of the bank's stock valued at $173,673,000 after buying an additional 757,946 shares during the period. Institutional investors own 79.39% of the company's stock.

Regions Financial Stock Down 0.7%

RF traded down $0.16 on Friday, reaching $21.42. 1,446,112 shares of the company traded hands, compared to its average volume of 8,106,091. The company has a market cap of $19.25 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 1.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The stock's 50 day moving average price is $20.71 and its 200-day moving average price is $23.03. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business 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 company posted $0.37 EPS. On average, sell-side analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.67%. The ex-dividend date is Monday, June 2nd. Regions Financial's payout ratio is currently 48.08%.

Analyst Ratings Changes

A number of research analysts recently issued reports on RF shares. Truist Financial reaffirmed a "hold" rating on shares of Regions Financial in a report on Friday, May 23rd. Citigroup lowered their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Keefe, Bruyette & Woods cut their target price on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group decreased their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Cowen initiated coverage on Regions Financial in a report on Wednesday, May 14th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Regions Financial has an average rating of "Moderate Buy" and a consensus target price of $25.80.

Insiders Place Their Bets

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 bought at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.29% of the company's stock.

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.