XTX Topco Ltd Buys 92,064 Shares of Regions Financial Corporation $RF

XTX Topco Ltd grew its stake in shares of Regions Financial Corporation (NYSE:RF) by 157.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150,415 shares of the bank’s stock after buying an additional 92,064 shares during the quarter. XTX Topco Ltd’s holdings in Regions Financial were worth $3,538,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its position in Regions Financial by 11.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 67,399 shares of the bank’s stock valued at $1,585,000 after purchasing an additional 7,159 shares in the last quarter. CreativeOne Wealth LLC increased its position in shares of Regions Financial by 8.1% during the 2nd quarter. CreativeOne Wealth LLC now owns 44,418 shares of the bank’s stock valued at $1,045,000 after purchasing an additional 3,328 shares during the last quarter. Waterloo Capital L.P. purchased a new position in shares of Regions Financial during the 2nd quarter valued at about $1,355,000. Coldstream Capital Management Inc. lifted its position in Regions Financial by 2.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 130,750 shares of the bank’s stock worth $3,075,000 after buying an additional 2,796 shares during the last quarter. Finally, Barnes Pettey Financial Advisors LLC lifted its position in Regions Financial by 112.3% in the 2nd quarter. Barnes Pettey Financial Advisors LLC now owns 54,888 shares of the bank’s stock worth $1,291,000 after buying an additional 29,028 shares during the last quarter. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Up 2.3%

Shares of NYSE:RF opened at $25.43 on Wednesday. The stock’s 50-day moving average is $25.11 and its 200 day moving average is $24.62. The company has a market cap of $22.29 billion, a PE ratio of 11.20, a P/E/G ratio of 1.24 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.81. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $27.63.

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

Regions Financial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on RF shares. Cowen reiterated a “buy” rating on shares of Regions Financial in a research report on Tuesday, October 21st. Citigroup upped their price objective on shares of Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Morgan Stanley set a $32.00 target price on shares of Regions Financial in a report on Monday, September 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Regions Financial in a research note on Wednesday, October 8th. Finally, Evercore ISI raised their price objective on Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Regions Financial has a consensus rating of “Hold” and a consensus price target of $28.19.

Regions Financial 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.