Regions Financial Co. (NYSE:RF) Position Lifted by Trexquant Investment LP

Trexquant Investment LP grew its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 112.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,055,597 shares of the bank's stock after purchasing an additional 558,123 shares during the quarter. Trexquant Investment LP owned about 0.12% of Regions Financial worth $24,828,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RF. Y.D. More Investments Ltd increased its holdings in shares of Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after buying an additional 634 shares during the period. Sierra Ocean LLC purchased a new stake in Regions Financial in the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management grew its position in shares of Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock worth $29,000 after buying an additional 1,201 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of Regions Financial during the fourth quarter valued at approximately $32,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Regions Financial in the third quarter worth $37,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Regions Financial Stock Down 4.9 %

Shares of RF stock traded down $0.97 on Friday, reaching $18.64. 14,875,974 shares of the stock were exchanged, compared to its average volume of 8,742,217. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. 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 capitalization of $16.88 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 1.93 and a beta of 1.19. The business's 50 day moving average price is $23.00 and its 200 day moving average price is $23.90.

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

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend was Monday, March 3rd. Regions Financial's payout ratio is currently 51.55%.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 3,868 shares of company stock valued at $86,722 over the last 90 days. 0.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

RF has been the topic of a number of analyst reports. Barclays boosted their price target on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their target price on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday. Citigroup lowered their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Morgan Stanley reiterated an "equal weight" rating and set a $32.00 target price (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Finally, Wells Fargo & Company cut their price target on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. One 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $26.95.

About Regions Financial

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.