Stieven Capital Advisors L.P. Acquires 25,900 Shares of Regions Financial Corporation (NYSE:RF)

Stieven Capital Advisors L.P. raised its holdings in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 5.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 468,082 shares of the bank's stock after acquiring an additional 25,900 shares during the period. Regions Financial comprises approximately 2.0% of Stieven Capital Advisors L.P.'s portfolio, making the stock its 27th biggest holding. Stieven Capital Advisors L.P. owned about 0.05% of Regions Financial worth $10,171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RF. First Horizon Advisors Inc. grew its holdings in shares of Regions Financial by 8.7% in the first quarter. First Horizon Advisors Inc. now owns 6,641 shares of the bank's stock worth $144,000 after purchasing an additional 532 shares during the last quarter. Lido Advisors LLC grew its holdings in shares of Regions Financial by 2.6% in the fourth quarter. Lido Advisors LLC now owns 22,291 shares of the bank's stock worth $530,000 after purchasing an additional 558 shares during the last quarter. Bruce G. Allen Investments LLC grew its holdings in shares of Regions Financial by 18.6% in the first quarter. Bruce G. Allen Investments LLC now owns 3,641 shares of the bank's stock worth $79,000 after purchasing an additional 571 shares during the last quarter. Dean Capital Management grew its holdings in shares of Regions Financial by 0.8% in the fourth quarter. Dean Capital Management now owns 73,151 shares of the bank's stock worth $1,721,000 after purchasing an additional 593 shares during the last quarter. Finally, CapWealth Advisors LLC grew its holdings in shares of Regions Financial by 4.2% in the first quarter. CapWealth Advisors LLC now owns 15,756 shares of the bank's stock worth $342,000 after purchasing an additional 640 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RF. TD Cowen began coverage on shares of Regions Financial in a report on Thursday, May 15th. They issued a "buy" rating and a $31.00 target price on the stock. Keefe, Bruyette & Woods cut their price target on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Morgan Stanley lifted their price target on shares of Regions Financial from $22.00 to $27.00 and gave the company an "equal weight" rating in a report on Thursday, July 3rd. Citigroup lifted their price target on shares of Regions Financial from $26.00 to $27.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Barclays cut their price target on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $26.15.

Regions Financial Stock Down 0.6%

Shares of RF traded down $0.16 during trading hours on Friday, hitting $24.68. The company had a trading volume of 6,445,149 shares, compared to its average volume of 8,346,350. The firm has a fifty day moving average price of $22.41 and a 200-day moving average price of $22.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a market capitalization of $22.19 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 1.95 and a beta of 0.98. Regions Financial Corporation has a 52-week low of $17.74 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The firm 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 13.04% and a net margin of 21.43%. During the same quarter in the previous year, the firm earned $0.37 EPS. On average, equities research analysts forecast that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 2nd were issued a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 4.05%. Regions Financial's payout ratio is 48.08%.

Regions Financial Company 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.