Oxford Asset Management LLP Purchases New Stake in Regions Financial Co. (NYSE:RF)

Oxford Asset Management LLP bought a new position in Regions Financial Co. (NYSE:RF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,264 shares of the bank's stock, valued at approximately $335,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Ballentine Partners LLC lifted its stake in Regions Financial by 2.5% in the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock valued at $411,000 after buying an additional 420 shares during the last quarter. Prossimo Advisors LLC boosted its stake in Regions Financial by 2.3% during the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock valued at $453,000 after purchasing an additional 430 shares in the last quarter. Greenleaf Trust boosted its stake in Regions Financial by 1.8% during the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock valued at $573,000 after buying an additional 436 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in shares of Regions Financial by 2.3% in the 4th quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after purchasing an additional 436 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Regions Financial by 0.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 70,822 shares of the bank's stock valued at $1,666,000 after acquiring an additional 529 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Price Performance

Shares of Regions Financial stock opened at $20.28 on Monday. Regions Financial Co. has a twelve month low of $17.72 and a twelve 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 firm's 50-day simple moving average is $21.16 and its 200-day simple moving average is $23.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

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

Regions Financial Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup decreased their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Monday, March 24th. Stephens lowered their target price on Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group decreased their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Keefe, Bruyette & Woods dropped their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Finally, Morgan Stanley decreased their target price on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $25.53.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the transaction, the director now owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.29% of the company's stock.

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.

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