Qsemble Capital Management LP Sells 41,366 Shares of Regions Financial Co. (NYSE:RF)

Qsemble Capital Management LP lowered its position in Regions Financial Co. (NYSE:RF - Free Report) by 79.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,399 shares of the bank's stock after selling 41,366 shares during the period. Qsemble Capital Management LP's holdings in Regions Financial were worth $208,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. EntryPoint Capital LLC bought a new stake in Regions Financial during the 1st quarter worth about $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Regions Financial during the fourth quarter valued at approximately $28,000. MV Capital Management Inc. increased its holdings in shares of Regions Financial by 75.6% in the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank's stock valued at $30,000 after purchasing an additional 618 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position 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 worth $30,000 after purchasing an additional 1,256 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Regions Financial during the 2nd quarter worth $32,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Trading Up 0.2 %

Shares of Regions Financial stock traded up $0.04 during trading hours on Friday, hitting $21.97. The company's stock had a trading volume of 6,943,462 shares, compared to its average volume of 7,994,964. Regions Financial Co. has a 12 month low of $13.72 and a 12 month high of $23.47. The stock has a 50 day moving average of $21.82 and a 200 day moving average of $20.29. The company has a market capitalization of $20.11 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 2.82 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83.

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

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 3rd. This is an increase 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 4.55%. Regions Financial's dividend payout ratio (DPR) is presently 54.35%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on RF shares. Evercore ISI dropped their price objective on Regions Financial from $22.00 to $21.00 and set an "in-line" rating for the company in a report on Tuesday, June 25th. Citigroup increased their price objective on shares of Regions Financial from $23.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. Morgan Stanley lifted their target price on shares of Regions Financial from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods cut their price target on Regions Financial from $22.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, July 9th. Finally, Jefferies Financial Group lifted their price objective on Regions Financial from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Regions Financial has an average rating of "Hold" and a consensus target price of $21.51.

Regions Financial 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.