Two Sigma Securities LLC Acquires Shares of 46,913 Regions Financial Corporation $RF

Two Sigma Securities LLC acquired a new position in shares of Regions Financial Corporation (NYSE:RF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 46,913 shares of the bank’s stock, valued at approximately $1,417,000.

Several other institutional investors have also recently made changes to their positions in RF. Russell Investments Group Ltd. boosted its holdings in Regions Financial by 8.5% during the second quarter. Russell Investments Group Ltd. now owns 2,107,015 shares of the bank’s stock worth $63,645,000 after purchasing an additional 165,527 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in Regions Financial by 244.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock worth $61,135,000 after purchasing an additional 1,600,926 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Regions Financial by 3.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,859,466 shares of the bank’s stock valued at $51,247,000 after buying an additional 69,191 shares during the last quarter. Royal Palms Capital LLC purchased a new stake in Regions Financial in the 4th quarter valued at about $4,137,000. Finally, Waterloo Capital L.P. lifted its position in shares of Regions Financial by 123.7% during the 4th quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock worth $3,683,000 after buying an additional 75,149 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Down 1.4%

RF opened at $29.91 on Tuesday. Regions Financial Corporation has a twelve month low of $22.70 and a twelve month high of $32.47. The company’s 50-day moving average price is $30.87 and its two-hundred day moving average price is $28.79. The stock has a market cap of $25.48 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.16 and a beta of 1.00. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.26.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.05. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. Regions Financial’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. As a group, equities analysts expect that Regions Financial Corporation will post 2.63 earnings per share for the current year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.0%. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, September 1st. Regions Financial’s dividend payout ratio is currently 43.27%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RF. JPMorgan Chase & Co. boosted their target price on Regions Financial from $31.50 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Truist Financial increased their price target on Regions Financial from $30.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Cantor Fitzgerald lifted their price target on Regions Financial from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Robert W. Baird reissued an “underperform” rating and issued a $28.00 price objective on shares of Regions Financial in a research report on Monday, July 6th. Finally, Citigroup upped their price objective on Regions Financial from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Regions Financial has a consensus rating of “Hold” and an average target price of $32.24.

Regions Financial Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.