Highlander Capital Management LLC Has $793,000 Holdings in Regions Financial Corp (RF)
Highlander Capital Management LLC raised its holdings in Regions Financial Corp (NYSE:RF) by 190.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,613 shares of the bank’s stock after purchasing an additional 29,250 shares during the quarter. Highlander Capital Management LLC’s holdings in Regions Financial were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in RF. Parallel Advisors LLC boosted its holdings in Regions Financial by 87.3% in the 2nd quarter. Parallel Advisors LLC now owns 6,062 shares of the bank’s stock valued at $107,000 after purchasing an additional 2,825 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Regions Financial by 8,481.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,522 shares of the bank’s stock worth $116,000 after acquiring an additional 6,446 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Regions Financial during the 2nd quarter worth approximately $116,000. AdvisorNet Financial Inc purchased a new stake in shares of Regions Financial during the 1st quarter worth approximately $117,000. Finally, Summit Trail Advisors LLC boosted its stake in shares of Regions Financial by 1,646.8% during the 1st quarter. Summit Trail Advisors LLC now owns 134,102 shares of the bank’s stock worth $134,000 after acquiring an additional 126,425 shares in the last quarter. 74.78% of the stock is currently owned by institutional investors.
Shares of Regions Financial stock opened at $18.87 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.87. Regions Financial Corp has a 1 year low of $13.65 and a 1 year high of $20.21. The company has a market cap of $21.11 billion, a P/E ratio of 15.83, a P/E/G ratio of 1.08 and a beta of 1.26.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 7th will be given a dividend of $0.14 per share. This is an increase from Regions Financial’s previous quarterly dividend of $0.09. This represents a $0.56 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Thursday, September 6th. Regions Financial’s payout ratio is currently 56.00%.
In related news, Director Susan W. Matlock sold 24,000 shares of Regions Financial stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $18.50, for a total transaction of $444,000.00. Following the completion of the transaction, the director now directly owns 14,914 shares in the company, valued at approximately $275,909. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP C. Keith Herron sold 23,186 shares of Regions Financial stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $18.76, for a total value of $434,969.36. Following the transaction, the executive vice president now owns 204,537 shares of the company’s stock, valued at $3,837,114.12. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.
Several brokerages have recently commented on RF. Wedbush set a $22.00 price target on Regions Financial and gave the stock a “buy” rating in a research note on Friday, September 7th. Robert W. Baird raised Regions Financial from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 28th. ValuEngine raised Regions Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, June 6th. Finally, Royal Bank of Canada raised Regions Financial from a “sector perform” rating to an “outperform” rating and set a $11.00 price target on the stock in a research note on Monday, June 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.57.
About Regions Financial
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
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