Aquatic Capital Management LLC Takes Position in Regions Financial Co. (NYSE:RF)

Aquatic Capital Management LLC acquired a new position in Regions Financial Co. (NYSE:RF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 211,744 shares of the bank's stock, valued at approximately $4,980,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors LLC lifted its stake in Regions Financial by 14.5% during the 3rd quarter. World Investment Advisors LLC now owns 15,837 shares of the bank's stock valued at $369,000 after acquiring an additional 2,010 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Regions Financial during the third quarter worth $56,000. Tidal Investments LLC boosted its holdings in Regions Financial by 2.0% in the third quarter. Tidal Investments LLC now owns 127,326 shares of the bank's stock valued at $2,971,000 after purchasing an additional 2,531 shares during the last quarter. Synovus Financial Corp grew its position in Regions Financial by 55.9% during the 3rd quarter. Synovus Financial Corp now owns 375,572 shares of the bank's stock worth $8,762,000 after purchasing an additional 134,615 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Regions Financial by 30.9% during the 3rd quarter. Franklin Resources Inc. now owns 702,627 shares of the bank's stock valued at $16,758,000 after buying an additional 165,710 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

Insider Buying and Selling

In related news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by company insiders.

Regions Financial Price Performance

NYSE:RF opened at $20.28 on Friday. The stock has a 50 day moving average of $21.16 and a two-hundred day moving average of $23.46. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96. The firm has a market cap of $18.36 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same period in the previous year, the business earned $0.37 earnings per share. On average, analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Monday, June 2nd. Regions Financial's dividend payout ratio is currently 48.08%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Citigroup lowered their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Barclays cut their target price on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Wells Fargo & Company lowered their price target on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Finally, Morgan Stanley cut their price objective on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $25.53.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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