Mount Lucas Management LP Purchases Shares of 31,822 Regions Financial Corporation $RF

Mount Lucas Management LP bought a new stake in shares of Regions Financial Corporation (NYSE:RF) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,822 shares of the bank’s stock, valued at approximately $748,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RF. Hardy Reed LLC increased its position in Regions Financial by 1.6% during the 2nd quarter. Hardy Reed LLC now owns 25,747 shares of the bank’s stock valued at $606,000 after purchasing an additional 404 shares during the period. Greenwood Capital Associates LLC boosted its stake in shares of Regions Financial by 0.6% during the 2nd quarter. Greenwood Capital Associates LLC now owns 72,400 shares of the bank’s stock valued at $1,703,000 after purchasing an additional 427 shares in the last quarter. IFG Advisory LLC increased its position in shares of Regions Financial by 0.9% during the first quarter. IFG Advisory LLC now owns 52,531 shares of the bank’s stock valued at $1,142,000 after buying an additional 470 shares during the period. Signet Financial Management LLC raised its stake in Regions Financial by 4.6% in the second quarter. Signet Financial Management LLC now owns 10,896 shares of the bank’s stock worth $256,000 after buying an additional 483 shares in the last quarter. Finally, Master S Wealth Management Inc. grew its holdings in shares of Regions Financial by 1.2% during the 2nd quarter. Master S Wealth Management Inc. now owns 40,303 shares of the bank’s stock worth $948,000 after acquiring an additional 485 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

NYSE RF opened at $24.95 on Monday. The firm has a market cap of $21.87 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. The business has a 50-day moving average price of $25.44 and a 200-day moving average price of $24.44. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.96. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. The business had revenue of $1.81 billion during the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. As a group, equities research analysts predict that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be given a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 4.2%. The ex-dividend date is Monday, December 1st. Regions Financial’s payout ratio is currently 46.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Stephens reiterated an “equal weight” rating and issued a $27.00 price objective (down previously from $30.00) on shares of Regions Financial in a report on Tuesday, October 14th. Evercore ISI raised their price objective on shares of Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Morgan Stanley set a $32.00 target price on shares of Regions Financial in a research note on Monday, September 29th. Cantor Fitzgerald started coverage on shares of Regions Financial in a report on Wednesday, September 10th. They issued an “overweight” rating and a $30.00 price objective for the company. Finally, Barclays reiterated an “underweight” rating and set a $27.00 target price (up from $24.00) on shares of Regions Financial in a research note on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.19.

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.