SEB Asset Management AB Makes New Investment in Regions Financial Corporation $RF

SEB Asset Management AB acquired a new position in shares of Regions Financial Corporation (NYSE:RF) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 181,801 shares of the bank’s stock, valued at approximately $4,749,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC boosted its stake in Regions Financial by 3.9% in the 4th quarter. Root Financial Partners LLC now owns 9,148 shares of the bank’s stock valued at $248,000 after purchasing an additional 346 shares during the period. Master S Wealth Management Inc. increased its position in Regions Financial by 1.0% during the 1st quarter. Master S Wealth Management Inc. now owns 38,631 shares of the bank’s stock worth $1,009,000 after buying an additional 372 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Regions Financial by 1.1% during the fourth quarter. Van ECK Associates Corp now owns 33,604 shares of the bank’s stock worth $911,000 after buying an additional 373 shares in the last quarter. Lcnb Corp lifted its holdings in shares of Regions Financial by 3.8% during the fourth quarter. Lcnb Corp now owns 10,725 shares of the bank’s stock worth $291,000 after buying an additional 390 shares in the last quarter. Finally, West Paces Advisors Inc. boosted its position in shares of Regions Financial by 4.0% in the fourth quarter. West Paces Advisors Inc. now owns 10,505 shares of the bank’s stock valued at $285,000 after acquiring an additional 405 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Trading Up 0.2%

RF opened at $30.87 on Thursday. The stock has a market capitalization of $26.35 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 1.19 and a beta of 1.00. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.26. Regions Financial Corporation has a twelve month low of $22.70 and a twelve month high of $32.47. The company has a 50-day simple moving average of $29.20 and a 200 day simple moving average of $28.33.

Regions Financial (NYSE:RF) last released its earnings results on Friday, July 17th. The bank reported $0.68 EPS for the quarter, beating the consensus estimate of $0.63 by $0.05. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm earned $0.60 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. Analysts predict that Regions Financial Corporation will post 2.61 EPS for the current fiscal year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, September 1st. Regions Financial’s payout ratio is 43.27%.

Insider Buying and Selling

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on RF shares. Keefe, Bruyette & Woods lifted their price objective on shares of Regions Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Monday. Evercore reaffirmed an “underperform” rating and set a $31.00 target price on shares of Regions Financial in a report on Monday, July 6th. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 price target on shares of Regions Financial in a research report on Friday, July 17th. Wells Fargo & Company boosted their price target on Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. Finally, DA Davidson increased their price target on Regions Financial from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Regions Financial presently has an average rating of “Hold” and an average target price of $32.21.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.