Tower Research Capital LLC TRC Buys 23,160 Shares of Regions Financial Co. (NYSE:RF)

Tower Research Capital LLC TRC lifted its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 54.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,781 shares of the bank's stock after purchasing an additional 23,160 shares during the quarter. Tower Research Capital LLC TRC's holdings in Regions Financial were worth $1,547,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. World Investment Advisors LLC grew its position in shares of Regions Financial by 14.5% during the third quarter. World Investment Advisors LLC now owns 15,837 shares of the bank's stock worth $369,000 after buying an additional 2,010 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Regions Financial during the 3rd quarter worth $56,000. Tidal Investments LLC increased its position in Regions Financial by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 127,326 shares of the bank's stock valued at $2,971,000 after acquiring an additional 2,531 shares during the period. Synovus Financial Corp raised its stake in shares of Regions Financial by 55.9% during the third quarter. Synovus Financial Corp now owns 375,572 shares of the bank's stock worth $8,762,000 after purchasing an additional 134,615 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Regions Financial by 30.9% in the 3rd quarter. Franklin Resources Inc. now owns 702,627 shares of the bank's stock worth $16,758,000 after acquiring an additional 165,710 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Performance

Shares of Regions Financial stock traded down $0.26 during trading on Friday, reaching $20.28. The company's stock had a trading volume of 6,572,572 shares, compared to its average volume of 8,107,545. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The business's fifty day moving average price is $21.16 and its 200-day moving average price is $23.46.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the prior year, the business earned $0.37 earnings per share. As a group, equities research analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 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 4.93%. The ex-dividend date is Monday, June 2nd. Regions Financial's dividend payout ratio is currently 48.08%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RF shares. JPMorgan Chase & Co. reduced their price target on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Barclays reduced their price target on Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group cut their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Stephens reduced their price target on Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Morgan Stanley dropped their price target 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 analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $25.53.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson purchased 2,300 shares of the firm'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 purchase, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.29% of the company's stock.

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.