Severin Investments LLC Acquires Shares of 26,273 Regions Financial Corporation $RF

Severin Investments LLC acquired a new stake in shares of Regions Financial Corporation (NYSE:RF) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 26,273 shares of the bank’s stock, valued at approximately $712,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AGF Management Ltd. bought a new position in shares of Regions Financial during the third quarter valued at $1,669,000. American Century Companies Inc. lifted its holdings in shares of Regions Financial by 85.9% during the third quarter. American Century Companies Inc. now owns 4,625,557 shares of the bank’s stock valued at $121,976,000 after acquiring an additional 2,137,062 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Regions Financial by 16.9% during the third quarter. Jones Financial Companies Lllp now owns 1,113,450 shares of the bank’s stock valued at $29,648,000 after acquiring an additional 161,118 shares during the period. Stevens Capital Management LP lifted its holdings in shares of Regions Financial by 355.9% during the third quarter. Stevens Capital Management LP now owns 42,850 shares of the bank’s stock valued at $1,130,000 after acquiring an additional 33,450 shares during the period. Finally, ABC Arbitrage SA bought a new position in shares of Regions Financial in the third quarter valued at about $860,000. 79.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RF shares. Morgan Stanley cut their price target on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $32.00 price target on shares of Regions Financial in a report on Tuesday, March 3rd. UBS Group reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Regions Financial in a report on Wednesday, February 4th. Brean Capital started coverage on Regions Financial in a report on Thursday, March 12th. They issued a “neutral” rating for the company. Finally, DA Davidson lifted their price target on Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a report on Monday, April 20th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $30.47.

Insiders Place Their Bets

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Regions Financial Stock Performance

Regions Financial stock opened at $28.08 on Thursday. The stock has a 50-day simple moving average of $27.13 and a 200 day simple moving average of $27.37. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. Regions Financial Corporation has a 12-month low of $20.79 and a 12-month high of $31.53. The stock has a market capitalization of $23.96 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.10 and a beta of 1.02.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $1.87 billion during 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 company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 EPS. On average, research analysts anticipate that Regions Financial Corporation will post 2.61 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 1st. Regions Financial’s payout ratio is currently 44.17%.

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.