Cambria Investment Management L.P. bought a new position in Regions Financial Co. (NYSE:RF) during the 1st quarter, HoldingsChannel.com reports. The fund bought 14,874 shares of the bank’s stock, valued at approximately $276,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AdvisorNet Financial Inc bought a new stake in shares of Regions Financial in the first quarter worth about $117,000. Avestar Capital LLC bought a new stake in shares of Regions Financial in the fourth quarter worth about $135,000. Captrust Financial Advisors bought a new stake in shares of Regions Financial in the fourth quarter worth about $166,000. Signaturefd LLC bought a new stake in shares of Regions Financial in the first quarter worth about $167,000. Finally, Valeo Financial Advisors LLC grew its stake in shares of Regions Financial by 152.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 10,349 shares of the bank’s stock worth $179,000 after purchasing an additional 6,249 shares during the last quarter. 75.02% of the stock is currently owned by institutional investors.

In related news, EVP C. Matthew Lusco sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $19.23, for a total value of $192,300.00. Following the completion of the transaction, the executive vice president now directly owns 121,473 shares in the company, valued at approximately $2,335,925.79. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Barbara Godin sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $19.15, for a total transaction of $383,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 500,036 shares of company stock worth $9,531,265. Insiders own 0.84% of the company’s stock.

Several research firms have weighed in on RF. Morgan Stanley lifted their price objective on Regions Financial from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. ValuEngine raised Regions Financial from a “hold” rating to a “buy” rating in a research report on Monday, April 23rd. Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Regions Financial in a research report on Sunday, April 22nd. Finally, B. Riley lifted their price objective on Regions Financial from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, April 24th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.56.

Shares of RF opened at $18.24 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Regions Financial Co. has a 52 week low of $13.02 and a 52 week high of $20.21. The company has a market capitalization of $20.34 billion, a PE ratio of 18.24, a P/E/G ratio of 0.92 and a beta of 1.26.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, April 20th. The bank reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Regions Financial had a return on equity of 8.75% and a net margin of 22.06%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm posted $0.23 EPS. analysts forecast that Regions Financial Co. will post 1.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 8th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.97%. Regions Financial’s dividend payout ratio is currently 36.00%.

About Regions Financial

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

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

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