Quantbot Technologies LP Makes New $1.57 Million Investment in Regions Financial Corporation $RF

Quantbot Technologies LP bought a new stake in Regions Financial Corporation (NYSE:RF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 52,094 shares of the bank’s stock, valued at approximately $1,573,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in shares of Regions Financial by 7.2% in the first quarter. Empowered Funds LLC now owns 19,152 shares of the bank’s stock valued at $416,000 after acquiring an additional 1,278 shares during the period. Woodline Partners LP increased its holdings in shares of Regions Financial by 40.7% in the 1st quarter. Woodline Partners LP now owns 76,797 shares of the bank’s stock valued at $1,669,000 after acquiring an additional 22,216 shares during the period. Baird Financial Group Inc. raised its position in Regions Financial by 0.7% in the 2nd quarter. Baird Financial Group Inc. now owns 71,717 shares of the bank’s stock valued at $1,687,000 after purchasing an additional 511 shares during the last quarter. Federated Hermes Inc. raised its position in Regions Financial by 81.2% in the 2nd quarter. Federated Hermes Inc. now owns 11,677 shares of the bank’s stock valued at $275,000 after purchasing an additional 5,233 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Regions Financial by 5.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 141,155 shares of the bank’s stock worth $3,320,000 after purchasing an additional 6,690 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Evercore reissued an “underperform” rating and set a $31.00 price objective on shares of Regions Financial in a research report on Monday, July 6th. UBS Group increased their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Citigroup raised their price target on Regions Financial from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Robert W. Baird restated an “underperform” rating and issued a $28.00 price target on shares of Regions Financial in a research report on Monday, July 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $32.00 price objective on shares of Regions Financial in a research note on Friday, July 17th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $32.24.

Regions Financial Price Performance

RF stock opened at $30.62 on Tuesday. The firm has a 50 day moving average of $30.70 and a 200-day moving average of $28.80. The company has a market cap of $26.09 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.16 and a beta of 1.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.26. Regions Financial Corporation has a 12-month low of $22.70 and a 12-month high of $32.47.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The company’s revenue was up .1% compared to the same quarter last year. As a group, equities analysts expect that Regions Financial Corporation will post 2.63 EPS for the current fiscal year.

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, September 1st. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. Regions Financial’s dividend payout ratio (DPR) is presently 48.98%.

Regions Financial Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.