26,673 Shares in Regions Financial Corporation $RF Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC acquired a new position in Regions Financial Corporation (NYSE:RF) during the fourth quarter, Holdings Channel.com reports. The firm acquired 26,673 shares of the bank’s stock, valued at approximately $723,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RF. First Citizens Bank & Trust Co. boosted its holdings in Regions Financial by 6.8% in the third quarter. First Citizens Bank & Trust Co. now owns 690,344 shares of the bank’s stock valued at $18,204,000 after purchasing an additional 44,252 shares during the last quarter. iA Global Asset Management Inc. purchased a new stake in Regions Financial during the 3rd quarter worth approximately $1,378,000. Teacher Retirement System of Texas increased its holdings in Regions Financial by 111.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 290,563 shares of the bank’s stock worth $7,662,000 after purchasing an additional 152,987 shares during the last quarter. AGF Management Ltd. acquired a new position in shares of Regions Financial in the 3rd quarter valued at approximately $1,669,000. Finally, American Century Companies Inc. raised its position in shares of Regions Financial by 85.9% in the 3rd quarter. American Century Companies Inc. now owns 4,625,557 shares of the bank’s stock valued at $121,976,000 after purchasing an additional 2,137,062 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Price Performance

Shares of NYSE RF opened at $27.65 on Friday. Regions Financial Corporation has a twelve month low of $20.79 and a twelve month high of $31.53. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $23.87 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.08 and a beta of 1.02. The business has a 50 day simple moving average of $27.07 and a 200-day simple moving average of $27.06.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.54 earnings per share. As a group, equities research analysts expect that Regions Financial Corporation will post 2.61 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, June 1st. Regions Financial’s dividend payout ratio (DPR) is presently 44.17%.

Insider Activity

In other news, EVP Brian R. Willman sold 7,014 shares of Regions Financial stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RF. Brean Capital began coverage on shares of Regions Financial in a research report on Thursday, March 12th. They set a “neutral” rating for the company. JPMorgan Chase & Co. cut their price target on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $32.00 price objective on shares of Regions Financial in a research note on Tuesday, March 3rd. UBS Group reissued a “neutral” rating and set a $30.00 price objective on shares of Regions Financial in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada boosted their target price on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.12.

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.