Rhumbline Advisers Increases Stake in Regions Financial Co. (NYSE:RF)

Rhumbline Advisers increased its position in Regions Financial Co. (NYSE:RF - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,973,485 shares of the bank's stock after purchasing an additional 127,688 shares during the quarter. Rhumbline Advisers owned approximately 0.22% of Regions Financial worth $42,884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of RF. Norges Bank bought a new position in Regions Financial in the fourth quarter worth approximately $279,103,000. Invesco Ltd. lifted its position in shares of Regions Financial by 14.5% in the 4th quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock worth $363,823,000 after purchasing an additional 1,963,954 shares during the period. Deutsche Bank AG boosted its stake in shares of Regions Financial by 52.7% during the fourth quarter. Deutsche Bank AG now owns 5,522,612 shares of the bank's stock valued at $129,892,000 after purchasing an additional 1,907,121 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Regions Financial by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock valued at $686,398,000 after buying an additional 1,396,647 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Regions Financial during the fourth quarter valued at approximately $31,480,000. Institutional investors own 79.39% of the company's stock.

Regions Financial Stock Performance

RF stock traded down $0.00 during midday trading on Thursday, reaching $21.30. The stock had a trading volume of 5,007,141 shares, compared to its average volume of 8,122,360. The stock has a market cap of $19.15 billion, a PE ratio of 10.98, a P/E/G ratio of 1.93 and a beta of 0.97. 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 firm has a fifty day simple moving average of $20.66 and a two-hundred day simple moving average of $22.89. 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 issued its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same quarter last year, the business posted $0.37 EPS. As a group, equities research analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a $0.25 dividend. 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 currently 48.08%.

Analysts Set New Price Targets

Several brokerages have issued reports on RF. Keefe, Bruyette & Woods dropped their target price on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. dropped their target price on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Stephens reaffirmed an "overweight" rating and set a $24.00 target price on shares of Regions Financial in a research report on Tuesday. Wells Fargo & Company dropped their target price on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Finally, Jefferies Financial Group started coverage on Regions Financial in a research report on Wednesday, May 21st. They set a "hold" rating and a $24.00 target price on the stock. One equities research 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. According to data from MarketBeat.com, Regions Financial presently has a consensus rating of "Moderate Buy" and an average target price of $25.80.

Insider Transactions at Regions Financial

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.29% of the company's stock.

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.