Robeco Institutional Asset Management B.V. Sells 30,189 Shares of Regions Financial Corporation $RF

Robeco Institutional Asset Management B.V. decreased its position in shares of Regions Financial Corporation (NYSE:RF) by 26.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,021 shares of the bank’s stock after selling 30,189 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Regions Financial were worth $2,000,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Lynx Investment Advisory increased its position in Regions Financial by 3.5% during the second quarter. Lynx Investment Advisory now owns 20,424 shares of the bank’s stock valued at $480,000 after acquiring an additional 690 shares during the last quarter. Trivium Point Advisory LLC increased its position in Regions Financial by 5.8% during the second quarter. Trivium Point Advisory LLC now owns 20,240 shares of the bank’s stock valued at $476,000 after acquiring an additional 1,117 shares during the last quarter. Capital Investment Advisors LLC increased its position in Regions Financial by 5.7% during the second quarter. Capital Investment Advisors LLC now owns 31,148 shares of the bank’s stock valued at $733,000 after acquiring an additional 1,693 shares during the last quarter. Venture Visionary Partners LLC increased its position in Regions Financial by 1.9% during the second quarter. Venture Visionary Partners LLC now owns 403,220 shares of the bank’s stock valued at $9,484,000 after acquiring an additional 7,449 shares during the last quarter. Finally, Archford Capital Strategies LLC bought a new position in Regions Financial during the second quarter valued at $439,000. Institutional investors own 79.39% of the company’s stock.

Insider Activity

In other news, Director Roger W. Jenkins bought 4,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was bought at an average cost of $25.48 per share, with a total value of $101,920.00. Following the transaction, the director directly owned 6,383 shares in the company, valued at $162,638.84. The trade was a 167.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David R. Keenan sold 30,000 shares of Regions Financial stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total value of $750,300.00. Following the completion of the transaction, the executive vice president directly owned 90,915 shares of the company’s stock, valued at approximately $2,273,784.15. This represents a 24.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

RF has been the topic of a number of research analyst reports. Stephens upped their price target on shares of Regions Financial from $24.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Morgan Stanley set a $32.00 price target on shares of Regions Financial in a report on Monday, September 29th. Wall Street Zen upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 5th. Cantor Fitzgerald began coverage on shares of Regions Financial in a report on Wednesday, September 10th. They issued an “overweight” rating and a $30.00 price target on the stock. Finally, Evercore ISI upped their price objective on shares of Regions Financial from $28.00 to $29.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.89.

Regions Financial Trading Down 0.4%

Shares of RF stock opened at $25.75 on Wednesday. The stock’s fifty day moving average is $26.32 and its two-hundred day moving average is $23.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $22.97 billion, a P/E ratio of 11.97, a PEG ratio of 1.48 and a beta of 1.02. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, July 18th. The bank reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm earned $0.52 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Research analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were given a $0.265 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.06 annualized dividend and a yield of 4.1%. This is an increase from Regions Financial’s previous quarterly dividend of $0.25. Regions Financial’s dividend payout ratio is presently 49.30%.

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.