Headlands Technologies LLC Invests $128,000 in Regions Financial Co. (NYSE:RF)

Headlands Technologies LLC acquired a new position in shares of Regions Financial Co. (NYSE:RF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,447 shares of the bank’s stock, valued at approximately $128,000.

A number of other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in Regions Financial during the 4th quarter worth about $279,103,000. State Street Corp increased its holdings in Regions Financial by 16.3% in the third quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock worth $1,306,813,000 after purchasing an additional 7,791,399 shares in the last quarter. National Bank of Canada FI lifted its stake in Regions Financial by 575.8% in the third quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock valued at $39,784,000 after buying an additional 1,452,956 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Regions Financial by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank’s stock worth $686,398,000 after buying an additional 1,396,647 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Regions Financial during the 4th quarter worth approximately $31,480,000. Institutional investors own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RF shares. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Citigroup cut their price objective 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. Compass Point boosted their target price on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company cut their price target on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Finally, Barclays boosted their price objective on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, January 6th. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.95.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $18.64 on Friday. The business’s fifty day simple moving average is $22.88 and its 200 day simple moving average is $23.88. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96. The firm has a market capitalization of $16.88 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share 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 the consensus estimate of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. As a group, analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

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

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the company’s stock in a transaction on 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 acquisition, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders bought 3,868 shares of company stock valued at $86,722. Company insiders own 0.29% of the company’s stock.

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.