Mason Street Advisors LLC bought a new position in Regions Financial Corp. (NYSE:RF) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 170,617 shares of the company’s stock, valued at approximately $1,452,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of RF. Meiji Yasuda Asset Management Co Ltd. increased its position in Regions Financial Corp. by 6.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,215 shares of the company’s stock valued at $104,000 after buying an additional 710 shares in the last quarter. MCF Advisors LLC increased its position in Regions Financial Corp. by 0.5% in the first quarter. MCF Advisors LLC now owns 14,158 shares of the company’s stock valued at $111,000 after buying an additional 71 shares in the last quarter. Kanaly Trust Co increased its position in Regions Financial Corp. by 9.6% in the second quarter. Kanaly Trust Co now owns 13,044 shares of the company’s stock valued at $111,000 after buying an additional 1,145 shares in the last quarter. Wesbanco Bank Inc. increased its position in Regions Financial Corp. by 14.2% in the second quarter. Wesbanco Bank Inc. now owns 13,329 shares of the company’s stock valued at $114,000 after buying an additional 1,662 shares in the last quarter. Finally, Paradigm Financial Advisors LLC purchased a new position in Regions Financial Corp. during the second quarter valued at about $119,000. 74.55% of the stock is owned by hedge funds and other institutional investors.

Shares of Regions Financial Corp. (NYSE:RF) opened at 9.66 on Tuesday. The company has a 50-day moving average price of $9.58 and a 200 day moving average price of $9.02. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of 12.15 and a beta of 1.64. Regions Financial Corp. has a one year low of $7.00 and a one year high of $10.28.

Regions Financial Corp. (NYSE:RF) last announced its earnings results on Tuesday, July 19th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. Regions Financial Corp. had a net margin of 18.63% and a return on equity of 6.65%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.37 billion. Equities research analysts expect that Regions Financial Corp. will post $0.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, September 7th. Regions Financial Corp.’s dividend payout ratio (DPR) is presently 32.91%.

A number of research firms have weighed in on RF. Sanford C. Bernstein downgraded shares of Regions Financial Corp. from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $9.56 to $9.50 in a research report on Tuesday, August 16th. They noted that the move was a valuation call. Bank of America Corp. downgraded shares of Regions Financial Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. Credit Suisse Group AG set a $9.50 target price on shares of Regions Financial Corp. and gave the company a “hold” rating in a research report on Wednesday, September 14th. Raymond James Financial Inc. raised shares of Regions Financial Corp. from an “outperform” rating to a “strong-buy” rating and set a $11.50 target price for the company in a research report on Thursday, August 25th. Finally, TheStreet downgraded shares of Regions Financial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Regions Financial Corp. has a consensus rating of “Buy” and a consensus price target of $10.31.

In related news, EVP C. Keith Herron sold 38,753 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $9.38, for a total value of $363,503.14. Following the transaction, the executive vice president now owns 290,384 shares in the company, valued at approximately $2,723,801.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scott M. Peters sold 23,391 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $9.73, for a total transaction of $227,594.43. Following the completion of the transaction, the executive vice president now owns 201,391 shares in the company, valued at approximately $1,959,534.43. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

About Regions Financial Corp.

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.

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