Quantinno Capital Management LP Raises Stake in Regions Financial Corporation $RF

Quantinno Capital Management LP lifted its stake in shares of Regions Financial Corporation (NYSE:RF) by 14.9% during the first quarter, HoldingsChannel.com reports. The firm owned 1,026,743 shares of the bank’s stock after purchasing an additional 133,083 shares during the period. Quantinno Capital Management LP’s holdings in Regions Financial were worth $26,819,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Swiss Life Asset Management Ltd lifted its position in shares of Regions Financial by 244.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock valued at $61,135,000 after acquiring an additional 1,600,926 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Regions Financial by 3.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,859,466 shares of the bank’s stock worth $51,247,000 after acquiring an additional 69,191 shares during the period. Waterloo Capital L.P. grew its holdings in shares of Regions Financial by 123.7% in the 4th quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock worth $3,683,000 after acquiring an additional 75,149 shares during the period. Evergreen Capital Management LLC purchased a new position in Regions Financial in the 4th quarter valued at approximately $1,939,000. Finally, Sanctuary Advisors LLC increased its stake in Regions Financial by 108.0% in the 4th quarter. Sanctuary Advisors LLC now owns 675,296 shares of the bank’s stock valued at $18,301,000 after purchasing an additional 350,599 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Insider Activity

In related news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Regions Financial from $31.50 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and issued a $34.00 price target on shares of Regions Financial in a research report on Monday, July 20th. Wells Fargo & Company lifted their price target on Regions Financial from $28.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. Morgan Stanley boosted their price objective on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Finally, Citigroup increased their price objective on shares of Regions Financial from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.24.

Regions Financial Trading Up 0.5%

Shares of Regions Financial stock opened at $31.01 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.81 and a quick ratio of 0.81. Regions Financial Corporation has a 1 year low of $22.70 and a 1 year high of $32.47. The company has a market capitalization of $26.46 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.18 and a beta of 1.00. The business has a 50 day moving average price of $29.71 and a 200 day moving average price of $28.45.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.Regions Financial’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Sell-side analysts anticipate that Regions Financial Corporation will post 2.63 EPS for the current fiscal year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be given a $0.30 dividend. This is an increase from Regions Financial’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 1st. Regions Financial’s dividend payout ratio (DPR) is currently 43.27%.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.