Vicus Capital raised its position in shares of Regions Financial Corporation (NYSE:RF) by 26.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,169 shares of the bank’s stock after buying an additional 12,009 shares during the period. Vicus Capital’s holdings in Regions Financial Corporation were worth $886,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FNY Partners Fund LP purchased a new position in Regions Financial Corporation in the first quarter valued at $103,000. Lloyds Banking Group plc purchased a new position in Regions Financial Corporation in the second quarter valued at $108,000. Seven Eight Capital LP purchased a new position in Regions Financial Corporation in the second quarter valued at $111,000. Sun Life Financial INC boosted its holdings in Regions Financial Corporation by 98,133.3% in the second quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock valued at $129,000 after purchasing an additional 8,832 shares during the period. Finally, Salem Investment Counselors Inc. boosted its holdings in Regions Financial Corporation by 0.3% in the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after purchasing an additional 26 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Regions Financial Corporation (NYSE:RF) traded up 0.26% during mid-day trading on Tuesday, hitting $15.64. The stock had a trading volume of 3,423,277 shares. The stock has a market cap of $18.69 billion, a P/E ratio of 16.34 and a beta of 1.34. The company has a 50 day moving average price of $14.81 and a 200 day moving average price of $14.37. Regions Financial Corporation has a one year low of $10.32 and a one year high of $16.03.

Regions Financial Corporation (NYSE:RF) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. Regions Financial Corporation had a net margin of 20.14% and a return on equity of 7.56%. Regions Financial Corporation’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. On average, equities analysts anticipate that Regions Financial Corporation will post $0.99 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.36 annualized dividend and a yield of 2.31%. Regions Financial Corporation’s dividend payout ratio (DPR) is 37.50%.

RF has been the subject of a number of recent research reports. Bank of America Corporation reiterated a “buy” rating and issued a $17.00 target price on shares of Regions Financial Corporation in a report on Wednesday, July 26th. Piper Jaffray Companies reiterated a “hold” rating and issued a $14.50 target price on shares of Regions Financial Corporation in a report on Tuesday, September 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $15.50 target price on shares of Regions Financial Corporation in a report on Friday, September 15th. Deutsche Bank AG reiterated a “hold” rating on shares of Regions Financial Corporation in a report on Monday, July 3rd. Finally, BidaskClub upgraded Regions Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.10.

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In other Regions Financial Corporation news, CFO David J. Turner, Jr. sold 65,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $14.95, for a total value of $971,750.00. Following the sale, the chief financial officer now owns 121,160 shares in the company, valued at $1,811,342. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan W. Matlock sold 10,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $490,223.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,000 shares of company stock worth $1,520,050. 0.52% of the stock is owned by company insiders.

Regions Financial Corporation Company Profile

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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