Stieven Capital Advisors L.P. cut its position in shares of Regions Financial Corporation (NYSE:RF) by 0.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 388,100 shares of the bank’s stock after selling 800 shares during the period. Stieven Capital Advisors L.P.’s holdings in Regions Financial Corporation were worth $5,682,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RF. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Regions Financial Corporation by 35.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 432,686 shares of the bank’s stock worth $6,335,000 after buying an additional 113,610 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Regions Financial Corporation by 8.3% in the second quarter. Pacer Advisors Inc. now owns 25,243 shares of the bank’s stock worth $370,000 after buying an additional 1,939 shares during the last quarter. Lbmc Investment Advisors LLC boosted its position in shares of Regions Financial Corporation by 0.3% in the second quarter. Lbmc Investment Advisors LLC now owns 31,904 shares of the bank’s stock worth $467,000 after buying an additional 109 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Regions Financial Corporation by 17.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 295,359 shares of the bank’s stock worth $4,324,000 after buying an additional 44,909 shares during the last quarter. Finally, Airain ltd boosted its position in shares of Regions Financial Corporation by 1,204.4% in the second quarter. Airain ltd now owns 1,361,212 shares of the bank’s stock worth $19,928,000 after buying an additional 1,256,857 shares during the last quarter. 75.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Regions Financial Corporation (NYSE RF) traded down 0.242% during midday trading on Monday, reaching $14.415. 1,285,629 shares of the company’s stock traded hands. Regions Financial Corporation has a 52-week low of $9.37 and a 52-week high of $16.03. The firm has a market cap of $17.23 billion, a PE ratio of 15.063 and a beta of 1.31. The company has a 50 day moving average of $14.51 and a 200 day moving average of $14.45.

Regions Financial Corporation (NYSE:RF) last posted its earnings results on Friday, July 21st. The bank reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Regions Financial Corporation had a net margin of 20.25% and a return on equity of 7.51%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. On average, equities analysts predict that Regions Financial Corporation will post $1.00 EPS for the current fiscal year.

Regions Financial Corporation announced that its board has approved a stock buyback plan on Wednesday, June 28th that allows the company to buyback $1.47 billion in shares. This buyback authorization allows the bank to buy up to 8.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.36 annualized dividend and a yield of 2.49%. This is a boost from Regions Financial Corporation’s previous quarterly dividend of $0.07. Regions Financial Corporation’s dividend payout ratio is currently 29.47%.

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A number of equities analysts have recently weighed in on the stock. Piper Jaffray Companies reissued a “hold” rating and set a $14.50 price target on shares of Regions Financial Corporation in a research report on Thursday, August 17th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.50 price target on shares of Regions Financial Corporation in a research report on Wednesday, August 16th. BidaskClub cut shares of Regions Financial Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Jefferies Group LLC reissued a “hold” rating and set a $16.00 price target on shares of Regions Financial Corporation in a research report on Friday, August 11th. Finally, Wells Fargo & Company assumed coverage on shares of Regions Financial Corporation in a research report on Wednesday, August 9th. They set a “market perform” rating and a $16.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.63.

In other news, EVP Fournier J. Gale III sold 35,825 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $14.59, for a total transaction of $522,686.75. Following the completion of the sale, the executive vice president now owns 109,318 shares of the company’s stock, valued at approximately $1,594,949.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan W. Matlock sold 10,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $15.23, for a total transaction of $152,300.00. Following the sale, the director now directly owns 32,188 shares of the company’s stock, valued at approximately $490,223.24. The disclosure for this sale can be found here. Insiders have sold a total of 124,514 shares of company stock worth $1,846,733 in the last 90 days. Company insiders own 0.52% of the company’s stock.

Regions Financial Corporation Company Profile

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

Institutional Ownership by Quarter for Regions Financial Corporation (NYSE:RF)

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