Regions Financial Corporation (NYSE:RF) Shares Acquired by Xponance Inc.

Xponance Inc. increased its position in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 170,657 shares of the bank's stock after purchasing an additional 15,099 shares during the quarter. Xponance Inc.'s holdings in Regions Financial were worth $3,708,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Picton Mahoney Asset Management raised its holdings in shares of Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock worth $29,000 after acquiring an additional 1,201 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of Regions Financial in the fourth quarter worth $32,000. Rossby Financial LCC acquired a new position in shares of Regions Financial in the first quarter worth $36,000. Grove Bank & Trust grew its position in shares of Regions Financial by 76.6% in the first quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock valued at $41,000 after purchasing an additional 814 shares during the period. Finally, TD Waterhouse Canada Inc. grew its position in shares of Regions Financial by 181.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,225 shares of the bank's stock valued at $76,000 after purchasing an additional 2,078 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Stock Down 2.9%

Shares of RF traded down $0.71 during midday trading on Tuesday, reaching $24.00. 12,049,144 shares of the company were exchanged, compared to its average volume of 8,355,897. The stock has a 50-day moving average price of $22.48 and a 200-day moving average price of $22.38. The company has a market cap of $21.57 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.84 and a beta of 0.98. Regions Financial Corporation has a 1-year low of $17.74 and a 1-year high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations 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 posted $0.37 earnings per share. Research analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 2nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Monday, June 2nd. Regions Financial's dividend payout ratio (DPR) is 48.08%.

Analysts Set New Price Targets

RF has been the subject of a number of recent analyst reports. Wall Street Zen raised Regions Financial from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Stephens reaffirmed an "overweight" rating and issued a $24.00 price objective on shares of Regions Financial in a research report on Tuesday, June 3rd. Morgan Stanley lifted their price objective on Regions Financial from $22.00 to $27.00 and gave the company an "equal weight" rating in a research report on Thursday, July 3rd. Jefferies Financial Group initiated coverage on Regions Financial in a research report on Wednesday, May 21st. They issued a "hold" rating and a $24.00 price objective for the company. Finally, The Goldman Sachs Group lowered their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Regions Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.15.

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.