LMR Partners LLP Buys New Holdings in Regions Financial Co. (NYSE:RF)

LMR Partners LLP acquired a new position in shares of Regions Financial Co. (NYSE:RF - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 78,197 shares of the bank's stock, valued at approximately $1,824,000.

Several other hedge funds have also bought and sold shares of the company. American National Bank & Trust raised its stake in Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank's stock worth $27,000 after purchasing an additional 1,114 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Regions Financial during the first quarter worth approximately $26,000. Quarry LP increased its stake in Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank's stock worth $27,000 after acquiring an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Regions Financial by 530.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank's stock valued at $30,000 after acquiring an additional 1,256 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Regions Financial during the 2nd quarter valued at $32,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RF has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price objective on shares of Regions Financial from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, July 22nd. StockNews.com upgraded Regions Financial from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a "hold" rating to a "buy" rating and lifted their target price for the company from $24.00 to $26.00 in a research report on Thursday, October 24th. DA Davidson increased their target price on shares of Regions Financial from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, Wedbush upped their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.18.

Regions Financial Trading Down 0.3 %

NYSE RF traded down $0.07 during mid-day trading on Tuesday, reaching $26.26. 6,212,448 shares of the stock were exchanged, compared to its average volume of 7,939,559. The stock has a market cap of $23.87 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.76 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a one year low of $15.79 and a one year high of $26.73. The stock has a 50 day simple moving average of $23.69 and a 200-day simple moving average of $21.66.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. The firm's revenue for the quarter was down 3.7% compared to the same quarter last year. On average, analysts anticipate that Regions Financial Co. will post 2.1 EPS for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.81%. Regions Financial's dividend payout ratio is currently 56.50%.

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.