9,366 Shares in Regions Financial Co. (NYSE:RF) Purchased by Voleon Capital Management LP

Voleon Capital Management LP acquired a new stake in Regions Financial Co. (NYSE:RF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,366 shares of the bank’s stock, valued at approximately $220,000.

A number of other hedge funds also recently made changes to their positions in the business. World Investment Advisors LLC grew its stake in Regions Financial by 14.5% in the 3rd quarter. World Investment Advisors LLC now owns 15,837 shares of the bank’s stock valued at $369,000 after buying an additional 2,010 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Regions Financial in the third quarter valued at approximately $56,000. Tidal Investments LLC increased its stake in shares of Regions Financial by 2.0% during the third quarter. Tidal Investments LLC now owns 127,326 shares of the bank’s stock worth $2,971,000 after purchasing an additional 2,531 shares during the period. Synovus Financial Corp lifted its holdings in Regions Financial by 55.9% during the 3rd quarter. Synovus Financial Corp now owns 375,572 shares of the bank’s stock worth $8,762,000 after purchasing an additional 134,615 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Regions Financial by 30.9% in the 3rd quarter. Franklin Resources Inc. now owns 702,627 shares of the bank’s stock valued at $16,758,000 after purchasing an additional 165,710 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RF. Wells Fargo & Company dropped their target price on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, March 28th. Citigroup dropped their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Morgan Stanley decreased their target price on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, April 7th. Stephens dropped their price target on shares of Regions Financial from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. reduced their price target on Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.53.

Insider Transactions at Regions Financial

In related news, Director Joia M. Johnson bought 2,300 shares of Regions Financial stock in a transaction that occurred on 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 acquisition, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. The trade was a 15.15 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is owned by company insiders.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $20.52 on Friday. The company’s 50 day moving average price is $20.89 and its two-hundred day moving average price is $23.38. The firm has a market capitalization of $18.58 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF) last issued 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 business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $0.37 EPS. On average, equities analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial’s payout ratio is currently 48.08%.

Regions Financial Company 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.