Blair William & Co. IL boosted its stake in Regions Financial Corporation (NYSE:RF) by 21.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 395,231 shares of the bank’s stock after buying an additional 69,765 shares during the period. Blair William & Co. IL’s holdings in Regions Financial Corporation were worth $5,786,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RF. Macquarie Group Ltd. raised its stake in shares of Regions Financial Corporation by 48.6% in the fourth quarter. Macquarie Group Ltd. now owns 44,400 shares of the bank’s stock valued at $638,000 after buying an additional 14,525 shares during the period. DnB Asset Management AS raised its stake in shares of Regions Financial Corporation by 7.9% in the first quarter. DnB Asset Management AS now owns 130,714 shares of the bank’s stock valued at $1,899,000 after buying an additional 9,600 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Regions Financial Corporation by 7.1% in the first quarter. Nisa Investment Advisors LLC now owns 456,032 shares of the bank’s stock valued at $6,626,000 after buying an additional 30,123 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Regions Financial Corporation during the first quarter valued at approximately $776,000. Finally, Guardian Investment Management purchased a new stake in shares of Regions Financial Corporation during the first quarter valued at approximately $280,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Corporation (NYSE:RF) opened at 14.04 on Tuesday. The firm has a 50-day moving average price of $14.55 and a 200 day moving average price of $14.46. The firm has a market capitalization of $16.78 billion, a P/E ratio of 14.67 and a beta of 1.31. Regions Financial Corporation has a one year low of $9.37 and a one year high of $16.03.

Regions Financial Corporation (NYSE:RF) last issued its earnings results on Friday, July 21st. The bank reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. Regions Financial Corporation had a net margin of 20.25% and a return on equity of 7.51%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. Equities research analysts anticipate that Regions Financial Corporation will post $1.00 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.56%. This is a positive change from Regions Financial Corporation’s previous quarterly dividend of $0.07. Regions Financial Corporation’s dividend payout ratio (DPR) is 29.47%.

Regions Financial Corporation declared that its board has authorized a share repurchase plan on Wednesday, June 28th that allows the company to buyback $1.47 billion in outstanding shares. This buyback authorization allows the bank to reacquire up to 8.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

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Several equities research analysts have recently commented on RF shares. Wedbush lowered Regions Financial Corporation from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Monday, May 1st. Argus lowered Regions Financial Corporation from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a research note on Monday, May 1st. Bank of America Corporation raised Regions Financial Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $15.00 to $17.00 in a research note on Thursday, May 4th. Jefferies Group LLC reissued a “hold” rating and set a $16.00 price target on shares of Regions Financial Corporation in a research note on Friday, May 5th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $15.00 price target on shares of Regions Financial Corporation in a research note on Thursday, May 18th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Regions Financial Corporation currently has a consensus rating of “Hold” and a consensus target price of $14.63.

In other Regions Financial Corporation news, Director Susan W. Matlock sold 10,000 shares of Regions Financial Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $15.23, for a total transaction of $152,300.00. Following the completion of the sale, the director now owns 32,188 shares of the company’s stock, valued at approximately $490,223.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott M. Peters sold 13,689 shares of Regions Financial Corporation stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $14.61, for a total transaction of $199,996.29. Following the sale, the executive vice president now directly owns 147,528 shares of the company’s stock, valued at approximately $2,155,384.08. The disclosure for this sale can be found here. Insiders have sold a total of 124,514 shares of company stock valued at $1,846,733 in the last three months. Company insiders own 0.52% of the company’s stock.

About Regions Financial Corporation

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

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

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