Regions Financial Co. (NYSE:RF) Shares Bought by Pinebridge Investments L.P.

Pinebridge Investments L.P. lifted its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 40.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 929,986 shares of the bank's stock after purchasing an additional 265,732 shares during the quarter. Pinebridge Investments L.P. owned 0.10% of Regions Financial worth $21,873,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RF. Aldebaran Financial Inc. lifted its position in Regions Financial by 5.7% during the fourth quarter. Aldebaran Financial Inc. now owns 14,439 shares of the bank's stock valued at $342,000 after purchasing an additional 782 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in Regions Financial by 181.2% during 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 last quarter. Tower Research Capital LLC TRC lifted its position in Regions Financial by 54.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 65,781 shares of the bank's stock valued at $1,547,000 after purchasing an additional 23,160 shares during the last quarter. MML Investors Services LLC lifted its position in Regions Financial by 29.1% during the fourth quarter. MML Investors Services LLC now owns 92,518 shares of the bank's stock valued at $2,176,000 after purchasing an additional 20,849 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in Regions Financial by 1.1% during the fourth quarter. MetLife Investment Management LLC now owns 240,728 shares of the bank's stock valued at $5,662,000 after purchasing an additional 2,712 shares during the last quarter. Institutional investors own 79.39% of the company's stock.

Insiders Place Their Bets

In other news, Director Joia M. Johnson purchased 2,300 shares of the 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 acquisition, the director now owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on RF. Keefe, Bruyette & Woods lowered their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Wells Fargo & Company lowered their price objective 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. The Goldman Sachs Group reduced their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Stephens reduced their target price on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Citigroup reduced their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $25.53.

Regions Financial Stock Down 0.1 %

Regions Financial stock traded down $0.02 during midday trading on Tuesday, hitting $20.45. 1,913,408 shares of the company's stock were exchanged, compared to its average volume of 8,071,744. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96. The firm has a 50-day moving average of $21.08 and a two-hundred day moving average of $23.44. The company has a market cap of $18.51 billion, a PE ratio of 10.54, a P/E/G ratio of 1.93 and a beta of 1.01.

Regions Financial (NYSE:RF - Get Free Report) last issued its 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. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the prior year, the business earned $0.37 EPS. As a group, analysts expect 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. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's payout ratio is 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.