Arcus Capital Partners LLC increased its position in Regions Financial Corporation (NYSE:RF) by 0.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,913 shares of the bank’s stock after acquiring an additional 1 shares during the quarter. Arcus Capital Partners LLC’s holdings in Regions Financial Corporation were worth $218,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. boosted its position in shares of Regions Financial Corporation by 0.3% in the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after acquiring an additional 26 shares during the period. IFC Holdings Incorporated FL boosted its position in shares of Regions Financial Corporation by 0.3% in the second quarter. IFC Holdings Incorporated FL now owns 20,289 shares of the bank’s stock valued at $295,000 after acquiring an additional 58 shares during the period. Advisor Partners LLC boosted its position in shares of Regions Financial Corporation by 0.3% in the second quarter. Advisor Partners LLC now owns 20,041 shares of the bank’s stock valued at $293,000 after acquiring an additional 59 shares during the period. Lbmc Investment Advisors LLC boosted its position in shares of Regions Financial Corporation by 0.3% in the second quarter. Lbmc Investment Advisors LLC now owns 31,904 shares of the bank’s stock valued at $467,000 after acquiring an additional 109 shares during the period. Finally, Huntington National Bank boosted its position in shares of Regions Financial Corporation by 0.9% in the second quarter. Huntington National Bank now owns 17,347 shares of the bank’s stock valued at $254,000 after acquiring an additional 161 shares during the period. Institutional investors own 75.53% of the company’s stock.

A number of equities analysts have recently commented on RF shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $15.50 price objective on shares of Regions Financial Corporation in a research report on Friday, September 15th. Deutsche Bank AG restated a “hold” rating on shares of Regions Financial Corporation in a research report on Monday, July 3rd. Bank of America Corporation restated a “buy” rating and issued a $17.00 price objective on shares of Regions Financial Corporation in a research report on Wednesday, July 26th. BidaskClub lowered shares of Regions Financial Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, FBR & Co lowered shares of Regions Financial Corporation from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.95.

Regions Financial Corporation (RF) traded up 0.302% during mid-day trading on Friday, reaching $14.955. 3,838,166 shares of the company traded hands. The company’s 50 day moving average price is $14.40 and its 200 day moving average price is $14.29. The firm has a market capitalization of $17.87 billion, a P/E ratio of 15.627 and a beta of 1.34. Regions Financial Corporation has a 12-month low of $9.87 and a 12-month high of $16.03.

Regions Financial Corporation (NYSE:RF) last released its earnings results on Friday, July 21st. The bank reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.43 billion. Regions Financial Corporation had a return on equity of 7.51% and a net margin of 20.25%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 earnings per share. Equities research analysts predict that Regions Financial Corporation will post $1.00 EPS for the current year.

Regions Financial Corporation announced that its Board of Directors has authorized a share repurchase plan on Wednesday, June 28th that authorizes the company to buyback $1.47 billion in outstanding shares. This buyback authorization authorizes the bank to buy up to 8.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.36 annualized dividend and a dividend yield of 2.41%. This is a positive change from Regions Financial Corporation’s previous quarterly dividend of $0.07. Regions Financial Corporation’s dividend payout ratio (DPR) is currently 37.89%.

TRADEMARK VIOLATION WARNING: This news story was first published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://www.watchlistnews.com/arcus-capital-partners-llc-has-218000-stake-in-regions-financial-corporation-rf/1628320.html.

In other news, EVP Scott M. Peters sold 13,689 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $14.61, for a total transaction of $199,996.29. Following the transaction, the executive vice president now owns 147,528 shares in the company, valued at $2,155,384.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Fournier J. Gale III sold 35,825 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $14.59, for a total value of $522,686.75. Following the transaction, the executive vice president now owns 109,318 shares in the company, valued at approximately $1,594,949.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,514 shares of company stock worth $1,846,733. Insiders own 0.52% of the company’s stock.

About Regions Financial Corporation

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.

Want to see what other hedge funds are holding RF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regions Financial Corporation (NYSE:RF).

Institutional Ownership by Quarter for Regions Financial Corporation (NYSE:RF)

Receive News & Ratings for Regions Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.