Tibra Equities Europe Ltd Invests $1.02 Million in Regions Financial Corp (RF)

Tibra Equities Europe Ltd acquired a new position in shares of Regions Financial Corp (NYSE:RF) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 57,271 shares of the bank’s stock, valued at approximately $1,018,000.

Other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in Regions Financial during the fourth quarter valued at $1,115,000. Hanseatic Management Services Inc. grew its holdings in Regions Financial by 3.7% during the first quarter. Hanseatic Management Services Inc. now owns 76,179 shares of the bank’s stock valued at $1,415,000 after purchasing an additional 2,699 shares during the period. Daiwa Securities Group Inc. grew its holdings in Regions Financial by 14.0% during the first quarter. Daiwa Securities Group Inc. now owns 47,154 shares of the bank’s stock valued at $876,000 after purchasing an additional 5,787 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in Regions Financial by 515.7% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 352,416 shares of the bank’s stock valued at $6,415,000 after purchasing an additional 295,182 shares during the period. Finally, Dupont Capital Management Corp grew its holdings in Regions Financial by 13.0% during the first quarter. Dupont Capital Management Corp now owns 39,991 shares of the bank’s stock valued at $743,000 after purchasing an additional 4,590 shares during the period. Institutional investors and hedge funds own 74.78% of the company’s stock.

NYSE:RF opened at $19.26 on Monday. The firm has a market cap of $21.23 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 1.01 and a beta of 1.28. Regions Financial Corp has a 1 year low of $13.02 and a 1 year high of $20.21. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.66.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, July 20th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial had a return on equity of 9.46% and a net margin of 22.77%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 earnings per share. analysts predict that Regions Financial Corp will post 1.42 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 7th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, September 6th. This represents a $0.56 annualized dividend and a dividend yield of 2.91%. This is an increase from Regions Financial’s previous quarterly dividend of $0.09. Regions Financial’s dividend payout ratio is currently 36.00%.

In other Regions Financial news, Director Susan W. Matlock sold 24,000 shares of the stock in a transaction on Friday, July 27th. The stock was sold at an average price of $18.50, for a total transaction of $444,000.00. Following the sale, the director now owns 14,914 shares in the company, valued at $275,909. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP C. Keith Herron sold 23,186 shares of the stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $18.76, for a total value of $434,969.36. Following the sale, the executive vice president now owns 204,537 shares in the company, valued at approximately $3,837,114.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,440 shares of company stock worth $1,227,256. Company insiders own 0.84% of the company’s stock.

Several equities analysts have weighed in on the company. Robert W. Baird raised Regions Financial from an “underperform” rating to a “neutral” rating in a report on Thursday, June 28th. ValuEngine lowered Regions Financial from a “buy” rating to a “hold” rating in a report on Monday, May 14th. Finally, Royal Bank of Canada raised Regions Financial from a “sector perform” rating to an “outperform” rating and set a $11.00 price objective for the company in a report on Monday, June 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.43.

Regions Financial Company Profile

Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing.

Further Reading: Asset Allocation and Your Retirement

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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