Regions Financial Co. (NYSE:RF) Shares Sold by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. lowered its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 14.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 457,982 shares of the bank's stock after selling 77,300 shares during the quarter. Regions Financial accounts for 2.0% of Stieven Capital Advisors L.P.'s investment portfolio, making the stock its 19th biggest position. Stieven Capital Advisors L.P. owned 0.05% of Regions Financial worth $9,178,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Regions Financial during the fourth quarter valued at approximately $210,379,000. Cincinnati Insurance Co. purchased a new stake in shares of Regions Financial in the 1st quarter valued at $74,606,000. Vanguard Group Inc. grew its holdings in shares of Regions Financial by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 117,704,755 shares of the bank's stock valued at $2,281,118,000 after purchasing an additional 3,119,237 shares during the last quarter. Wellington Management Group LLP raised its position in Regions Financial by 3.6% in the 4th quarter. Wellington Management Group LLP now owns 55,775,416 shares of the bank's stock worth $1,080,928,000 after purchasing an additional 1,951,026 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in Regions Financial in the 1st quarter worth $33,829,000. 79.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RF has been the topic of several recent research reports. Morgan Stanley raised their price target on Regions Financial from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 30th. Citigroup lifted their target price on shares of Regions Financial from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, July 23rd. Bank of America increased their price target on shares of Regions Financial from $22.00 to $25.00 and gave the company a "neutral" rating in a research report on Monday, July 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of Regions Financial from $22.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada increased their target price on shares of Regions Financial from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Regions Financial has a consensus rating of "Hold" and a consensus price target of $21.51.

Regions Financial Stock Up 0.9 %

NYSE:RF traded up $0.21 during trading hours on Friday, reaching $23.42. 13,068,445 shares of the company traded hands, compared to its average volume of 6,372,361. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The business's 50-day moving average price is $21.24 and its two-hundred day moving average price is $20.01. Regions Financial Co. has a 1 year low of $13.72 and a 1 year high of $23.47. The stock has a market capitalization of $21.43 billion, a P/E ratio of 12.73, a P/E/G ratio of 3.01 and a beta of 1.18.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.76 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. Regions Financial's revenue was down 11.5% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. Analysts predict that Regions Financial Co. will post 2 earnings per share for the current year.

Regions Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, September 3rd. This is a positive change from Regions Financial's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.27%. Regions Financial's payout ratio is currently 52.17%.

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.