Regions Financial Corporation $RF Shares Acquired by Aberdeen Group plc

Aberdeen Group plc lifted its stake in shares of Regions Financial Corporation (NYSE:RF) by 20.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 878,732 shares of the bank’s stock after purchasing an additional 151,400 shares during the period. Aberdeen Group plc’s holdings in Regions Financial were worth $20,725,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. American National Bank & Trust boosted its holdings in shares of Regions Financial by 2,433.3% during the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after purchasing an additional 1,022 shares during the last quarter. Bayforest Capital Ltd raised its position in shares of Regions Financial by 637.3% during the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock valued at $27,000 after buying an additional 1,058 shares during the period. Rossby Financial LCC purchased a new stake in shares of Regions Financial during the 1st quarter valued at approximately $36,000. Grove Bank & Trust raised its position in shares of Regions Financial by 76.6% during the 1st quarter. Grove Bank & Trust now owns 1,876 shares of the bank’s stock valued at $41,000 after buying an additional 814 shares during the period. Finally, Groupe la Francaise purchased a new stake in shares of Regions Financial during the 1st quarter valued at approximately $41,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP David R. Keenan sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the sale, the executive vice president owned 90,915 shares of the company’s stock, valued at approximately $2,273,784.15. This represents a 24.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roger W. Jenkins acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were bought at an average cost of $25.48 per share, for a total transaction of $101,920.00. Following the transaction, the director directly owned 6,383 shares of the company’s stock, valued at approximately $162,638.84. This trade represents a 167.86% increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by corporate insiders.

Regions Financial Stock Up 1.7%

Shares of NYSE RF opened at $24.58 on Tuesday. The firm has a market cap of $21.93 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.15 and a beta of 1.02. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. Regions Financial Corporation has a 52-week low of $17.74 and a 52-week high of $27.96. The business’s 50 day moving average is $26.28 and its two-hundred day moving average is $23.63.

Regions Financial (NYSE:RF) last announced its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. The company had revenue of $1.81 billion for the quarter. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%. Research analysts predict that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.265 per share. This is an increase from Regions Financial’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. Regions Financial’s dividend payout ratio is currently 49.30%.

Analysts Set New Price Targets

Several analysts have recently commented on RF shares. Wall Street Zen raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Evercore ISI lifted their price target on shares of Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Cantor Fitzgerald started coverage on shares of Regions Financial in a research report on Wednesday, September 10th. They set an “overweight” rating and a $30.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Regions Financial from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, DA Davidson boosted their target price on Regions Financial from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Regions Financial presently has an average rating of “Moderate Buy” and an average price target of $27.89.

About Regions Financial

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.