Regions Financial Corporation $RF Stock Position Raised by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC raised its position in shares of Regions Financial Corporation (NYSE:RF) by 4.4% in the second quarter, Holdings Channel reports. The firm owned 74,677 shares of the bank’s stock after buying an additional 3,126 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Regions Financial were worth $1,756,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. raised its stake in shares of Regions Financial by 35.7% in the 1st quarter. Invesco Ltd. now owns 20,990,446 shares of the bank’s stock valued at $456,122,000 after acquiring an additional 5,521,772 shares in the last quarter. Nuveen LLC bought a new position in shares of Regions Financial in the 1st quarter valued at approximately $53,018,000. Charles Schwab Investment Management Inc. raised its stake in shares of Regions Financial by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,092,742 shares of the bank’s stock valued at $675,645,000 after acquiring an additional 1,909,162 shares in the last quarter. Amundi raised its stake in shares of Regions Financial by 20.4% in the 1st quarter. Amundi now owns 10,010,267 shares of the bank’s stock valued at $198,721,000 after acquiring an additional 1,696,347 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Regions Financial by 3.7% in the 1st quarter. Wellington Management Group LLP now owns 44,211,562 shares of the bank’s stock valued at $960,717,000 after acquiring an additional 1,562,512 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Regions Financial

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

Wall Street Analyst Weigh In

RF has been the topic of a number of recent analyst reports. Morgan Stanley set a $32.00 price objective on Regions Financial in a research note on Monday, September 29th. Wall Street Zen raised Regions Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. DA Davidson raised their price objective on Regions Financial from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Cantor Fitzgerald began coverage on Regions Financial in a research note on Wednesday, September 10th. They issued an “overweight” rating and a $30.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regions Financial in a report on Saturday. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.19.

Regions Financial Stock Performance

RF opened at $24.56 on Friday. The firm has a market capitalization of $21.92 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. The stock’s 50 day moving average price is $26.10 and its two-hundred day moving average price is $23.87. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96.

Regions Financial (NYSE:RF) last released its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%.The firm had revenue of $1.81 billion for the quarter. On average, equities analysts forecast that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, December 1st. Regions Financial’s dividend payout ratio (DPR) is presently 46.70%.

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.