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

Tower Research Capital LLC TRC boosted its holdings in shares of Regions Financial Co. (NYSE:RF) by 54.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,781 shares of the bank’s stock after acquiring an additional 23,160 shares during the period. Tower Research Capital LLC TRC’s holdings in Regions Financial were worth $1,547,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. MML Investors Services LLC increased its position in shares of Regions Financial by 29.1% during the fourth quarter. MML Investors Services LLC now owns 92,518 shares of the bank’s stock worth $2,176,000 after acquiring an additional 20,849 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Regions Financial by 1.1% in the fourth quarter. MetLife Investment Management LLC now owns 240,728 shares of the bank’s stock valued at $5,662,000 after purchasing an additional 2,712 shares in the last quarter. Natixis boosted its position in shares of Regions Financial by 425.9% during the fourth quarter. Natixis now owns 74,575 shares of the bank’s stock worth $1,754,000 after buying an additional 60,394 shares during the period. Norinchukin Bank The grew its holdings in shares of Regions Financial by 7.6% during the fourth quarter. Norinchukin Bank The now owns 40,051 shares of the bank’s stock worth $942,000 after buying an additional 2,825 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in Regions Financial by 246.9% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 82,353 shares of the bank’s stock valued at $1,937,000 after buying an additional 58,610 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Insider Activity

In other news, Director Joia M. Johnson acquired 2,300 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. The trade was a 15.15 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $20.04 on Thursday. The company has a market cap of $18.15 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The business has a 50 day moving average price of $21.32 and a 200-day moving average price of $23.49. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same quarter last year, the business posted $0.37 EPS. Equities analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial’s payout ratio is 48.08%.

Analyst Upgrades and Downgrades

RF has been the subject of several research reports. Stephens decreased their price target on shares of Regions Financial from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Monday. Citigroup cut their price target on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Barclays lowered their target price on Regions Financial from $26.00 to $24.00 and set an “underweight” rating on the stock in a research report on Monday. Wells Fargo & Company reduced their price target on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. Finally, Morgan Stanley lowered their price target on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.53.

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.