Jump Financial LLC Buys New Shares in Regions Financial Co. (NYSE:RF)

Jump Financial LLC acquired a new stake in Regions Financial Co. (NYSE:RF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 115,712 shares of the bank's stock, valued at approximately $2,722,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ballentine Partners LLC increased its holdings in Regions Financial by 2.5% during the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock worth $411,000 after purchasing an additional 420 shares during the period. Prossimo Advisors LLC increased its holdings in Regions Financial by 2.3% during the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock worth $453,000 after purchasing an additional 430 shares during the period. Greenleaf Trust increased its holdings in Regions Financial by 1.8% during the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock worth $573,000 after purchasing an additional 436 shares during the period. Lake Street Advisors Group LLC increased its holdings in Regions Financial by 2.3% during the 4th quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after purchasing an additional 436 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its holdings in Regions Financial by 0.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 70,822 shares of the bank's stock worth $1,666,000 after purchasing an additional 529 shares during the period. Hedge funds and other institutional investors own 79.39% of the company's stock.

Analyst Upgrades and Downgrades

RF has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Keefe, Bruyette & Woods dropped their price objective on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a report on Monday. Morgan Stanley dropped their price objective on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a report on Monday, April 7th. Stephens cut their price target on Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Barclays lowered their target price on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.53.

Insider Activity

In related news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the transaction, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.29% of the company's stock.

Regions Financial Price Performance

NYSE:RF traded up $0.37 during mid-day trading on Wednesday, hitting $20.15. 2,712,665 shares of the company's stock traded hands, compared to its average volume of 9,421,395. 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 company has a market cap of $18.25 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The firm's 50 day simple moving average is $21.41 and its 200 day simple moving average is $23.52. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The firm had revenue of $1.81 billion for 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 in the prior year, the company earned $0.37 EPS. Sell-side analysts expect that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be given a $0.25 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.96%. Regions Financial's dividend payout ratio is currently 48.08%.

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.