87,605 Shares in Regions Financial Corporation $RF Purchased by TMB Capital Partners LLC

TMB Capital Partners LLC acquired a new stake in Regions Financial Corporation (NYSE:RF) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 87,605 shares of the bank’s stock, valued at approximately $2,374,000. Regions Financial accounts for 0.8% of TMB Capital Partners LLC’s holdings, making the stock its 29th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in Regions Financial by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,837,339 shares of the bank’s stock worth $862,792,000 after acquiring an additional 215,061 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Regions Financial by 68.9% during the fourth quarter. Victory Capital Management Inc. now owns 22,836,163 shares of the bank’s stock valued at $618,860,000 after purchasing an additional 9,312,449 shares in the last quarter. Invesco Ltd. grew its position in shares of Regions Financial by 3.1% in the fourth quarter. Invesco Ltd. now owns 19,348,237 shares of the bank’s stock valued at $524,337,000 after purchasing an additional 573,659 shares during the period. Morgan Stanley grew its position in shares of Regions Financial by 1.3% in the fourth quarter. Morgan Stanley now owns 18,356,400 shares of the bank’s stock valued at $497,459,000 after purchasing an additional 231,924 shares during the period. Finally, Norges Bank purchased a new stake in shares of Regions Financial during the fourth quarter worth about $254,564,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Regions Financial

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. DA Davidson raised their price target on shares of Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Royal Bank Of Canada boosted their price objective on Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. reduced their target price on Regions Financial from $31.50 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Brean Capital assumed coverage on Regions Financial in a research report on Thursday, March 12th. They issued a “neutral” rating on the stock. Finally, Stephens initiated coverage on Regions Financial in a research note on Monday. They issued an “equal weight” rating and a $31.00 price target on the stock. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Regions Financial currently has an average rating of “Hold” and an average target price of $30.73.

Regions Financial Stock Performance

RF opened at $28.63 on Friday. Regions Financial Corporation has a twelve month low of $21.99 and a twelve month high of $31.53. The firm has a market capitalization of $24.43 billion, a PE ratio of 11.93, a PEG ratio of 1.12 and a beta of 1.00. 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 firm’s 50-day moving average price is $27.96 and its 200 day moving average price is $27.76.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, April 17th. The bank reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. Regions Financial’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts expect that Regions Financial Corporation will post 2.6 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business 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. The ex-dividend date is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.7%. Regions Financial’s dividend payout ratio is 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.