IFM Investors Pty Ltd raised its holdings in shares of Regions Financial Corp (NYSE:RF) by 14.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,378 shares of the bank’s stock after purchasing an additional 8,188 shares during the quarter. IFM Investors Pty Ltd’s holdings in Regions Financial were worth $1,181,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in Regions Financial by 87.3% during the 2nd quarter. Parallel Advisors LLC now owns 6,062 shares of the bank’s stock worth $107,000 after acquiring an additional 2,825 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in 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 during the last quarter. Flagship Harbor Advisors LLC purchased a new position in Regions Financial during the 2nd quarter worth $116,000. Summit Trail Advisors LLC boosted its holdings in 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 during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Regions Financial by 61.6% during the 2nd quarter. Advisory Services Network LLC now owns 7,694 shares of the bank’s stock worth $141,000 after acquiring an additional 2,933 shares during the last quarter. Institutional investors and hedge funds own 74.79% of the company’s stock.
In related news, EVP C. Keith Herron sold 23,186 shares of the business’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $18.76, for a total value of $434,969.36. Following the transaction, the executive vice president now directly owns 204,537 shares of the company’s stock, valued at approximately $3,837,114.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is currently owned by insiders.
Shares of NYSE:RF opened at $16.06 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $18.07 billion, a P/E ratio of 16.06, a P/E/G ratio of 0.93 and a beta of 1.29. Regions Financial Corp has a fifty-two week low of $15.06 and a fifty-two week high of $20.21.
Regions Financial (NYSE:RF) last issued its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.04). The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Regions Financial had a return on equity of 9.46% and a net margin of 22.77%. Regions Financial’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. On average, analysts expect that Regions Financial Corp will post 1.42 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, December 6th. Regions Financial’s dividend payout ratio (DPR) is currently 56.00%.
Regions Financial Company Profile
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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