Quantbot Technologies LP Buys Shares of 312,090 Regions Financial Co. (NYSE:RF)

Quantbot Technologies LP acquired a new position in Regions Financial Co. (NYSE:RF - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 312,090 shares of the bank's stock, valued at approximately $7,340,000.

A number of other institutional investors have also made changes to their positions in RF. Citigroup Inc. boosted its holdings in Regions Financial by 20.0% in the 3rd quarter. Citigroup Inc. now owns 1,519,299 shares of the bank's stock valued at $35,445,000 after purchasing an additional 253,708 shares during the period. LBP AM SA raised its position in shares of Regions Financial by 149.4% during the fourth quarter. LBP AM SA now owns 730,614 shares of the bank's stock valued at $17,184,000 after buying an additional 437,691 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Regions Financial in the fourth quarter valued at about $1,965,000. Aprio Wealth Management LLC acquired a new stake in Regions Financial during the fourth quarter worth about $1,247,000. Finally, Nordea Investment Management AB grew its position in Regions Financial by 60.4% during the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank's stock worth $6,220,000 after buying an additional 99,115 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Price Performance

NYSE RF traded down $0.19 on Wednesday, hitting $22.24. 6,674,399 shares of the company were exchanged, compared to its average volume of 7,465,613. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The company has a market cap of $20.13 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The firm has a 50 day moving average of $23.40 and a two-hundred day moving average of $23.96.

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Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. Regions Financial's quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. On average, equities analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.50%. Regions Financial's payout ratio is currently 51.55%.

Insider Activity

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the transaction, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have bought 3,993 shares of company stock valued at $89,682 over the last 90 days. 0.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RF has been the subject of a number of research reports. Citigroup reduced their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday. Piper Sandler raised their target price on Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Compass Point lifted their price target on shares of Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. The Goldman Sachs Group increased their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Barclays lifted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.28.

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.