Regions Financial Co. (NYSE:RF) Shares Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP raised its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 485.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,870 shares of the bank's stock after purchasing an additional 50,471 shares during the period. Qsemble Capital Management LP's holdings in Regions Financial were worth $1,420,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

RF has been the topic of several analyst reports. StockNews.com upgraded Regions Financial from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. Barclays boosted their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the stock an "underweight" rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a "market perform" rating to an "outperform" rating and raised their target price for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. Morgan Stanley upped 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. Finally, DA Davidson raised their price objective on Regions Financial from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.71.

Regions Financial Stock Performance

Shares of RF stock traded down $0.17 on Tuesday, hitting $27.30. The company had a trading volume of 6,036,305 shares, compared to its average volume of 7,935,126. The firm has a market cap of $24.81 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 2.83 and a beta of 1.16. Regions Financial Co. has a twelve month low of $15.79 and a twelve month high of $27.96. The company has a 50-day moving average price of $24.25 and a 200-day moving average price of $21.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business earned $0.49 EPS. Regions Financial's revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, equities research analysts predict that Regions Financial Co. will post 2.12 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Monday, December 2nd. Regions Financial's dividend payout ratio (DPR) is presently 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.