Stance Capital LLC Buys 120,985 Shares of Regions Financial Corporation $RF

Key Points

• Stance Capital LLC significantly increased its stake in Regions Financial Corporation by 34,567.1%, owning 121,335 shares valued at approximately $2.6 million, making it their 26th largest holding.
• Regions Financial recently reported earnings of $0.60 EPS, surpassing estimates, with a 10.1% year-over-year revenue increase, totaling $1.91 billion for the quarter.
• The company announced an increase in its quarterly dividend to $0.265 per share, reflecting a 3.9% dividend yield, to be paid on October 1st.

Stance Capital LLC grew its holdings in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 34,567.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 121,335 shares of the bank's stock after purchasing an additional 120,985 shares during the period. Regions Financial makes up approximately 1.9% of Stance Capital LLC's holdings, making the stock its 26th largest position. Stance Capital LLC's holdings in Regions Financial were worth $2,637,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Invesco Ltd. raised 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 acquiring an additional 5,521,772 shares during the last quarter. Nuveen LLC bought a new stake in shares of Regions Financial in the 1st quarter worth $53,018,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Regions Financial by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,092,742 shares of the bank's stock worth $675,645,000 after purchasing an additional 1,909,162 shares in the last quarter. Deutsche Bank AG lifted its holdings 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. Finally, Amundi boosted its position in shares of Regions Financial by 20.4% during the first quarter. Amundi now owns 10,010,267 shares of the bank's stock valued at $198,721,000 after buying an additional 1,696,347 shares during the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup increased their price objective on Regions Financial from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Morgan Stanley increased 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. TD Cowen began coverage on Regions Financial in a research report on Thursday, May 15th. They set a "buy" rating and a $31.00 price objective on the stock. Wall Street Zen upgraded shares of Regions Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Cowen began coverage on shares of Regions Financial in a research note on Wednesday, May 14th. They set a "buy" rating for the company. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.47.

Regions Financial Stock Performance

Shares of NYSE:RF traded up $0.22 during midday trading on Wednesday, hitting $27.04. The company had a trading volume of 20,332,361 shares, compared to its average volume of 10,816,011. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $24.13 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.56 and a beta of 1.02. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96. The company has a fifty day moving average of $25.81 and a two-hundred day moving average of $22.94.

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

Regions Financial Increases Dividend

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

Insider Buying and Selling at Regions Financial

In other news, Director Roger W. Jenkins bought 4,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average price of $25.48 per share, with a total value of $101,920.00. Following the acquisition, the director owned 6,383 shares of the company's stock, valued at approximately $162,638.84. This represents a 167.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David R. Keenan sold 30,000 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the completion of the transaction, the executive vice president directly owned 90,915 shares of the company's stock, valued at $2,273,784.15. This represents a 24.81% decrease in their position. The disclosure for this sale can be found here. Corporate 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.