Two Sigma Advisers LP Makes New Investment in Regions Financial Co. (NYSE:RF)

Two Sigma Advisers LP bought a new position in shares of Regions Financial Co. (NYSE:RF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 75,900 shares of the bank's stock, valued at approximately $1,785,000.

A number of other large investors also recently bought and sold shares of RF. LBP AM SA grew its position in shares of Regions Financial by 149.4% during the 4th quarter. LBP AM SA now owns 730,614 shares of the bank's stock valued at $17,184,000 after buying an additional 437,691 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Regions Financial during the fourth quarter valued at approximately $1,965,000. Vest Financial LLC raised its position in shares of Regions Financial by 20.4% during the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank's stock worth $34,806,000 after purchasing an additional 250,729 shares during the period. Beacon Capital Management LLC raised its position in shares of Regions Financial by 1,099.7% during the 4th quarter. Beacon Capital Management LLC now owns 139,665 shares of the bank's stock worth $3,285,000 after purchasing an additional 128,023 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of Regions Financial by 4.0% in the 4th quarter. LPL Financial LLC now owns 939,376 shares of the bank's stock worth $22,094,000 after purchasing an additional 36,438 shares during the last quarter. Institutional investors own 79.39% of the company's stock.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson purchased 2,300 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the transaction, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. This trade represents a 15.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays lowered their price objective on Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Citigroup reduced their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Monday, March 24th. JPMorgan Chase & Co. dropped their price objective on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Truist Financial reiterated a "hold" rating on shares of Regions Financial in a research report on Friday, May 23rd. Finally, Wells Fargo & Company decreased their target price on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $25.80.

Regions Financial Price Performance

Shares of RF traded up $0.16 during midday trading on Tuesday, reaching $21.27. The stock had a trading volume of 692,149 shares, compared to its average volume of 8,099,464. 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 company has a market capitalization of $19.12 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.93 and a beta of 0.97. The firm's 50 day moving average price is $20.67 and its 200-day moving average price is $22.91. 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 released 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. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company earned $0.37 earnings per share. On average, analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be issued 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%.

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.