Skandinaviska Enskilda Banken AB publ Has $6.02 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

Skandinaviska Enskilda Banken AB publ raised its stake in Regions Financial Co. (NYSE:RF) by 38.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,412 shares of the bank’s stock after acquiring an additional 70,100 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Regions Financial were worth $6,019,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd raised its holdings in Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after acquiring an additional 634 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Regions Financial in the 4th quarter valued at $28,000. Truvestments Capital LLC bought a new position in shares of Regions Financial in the 3rd quarter valued at $37,000. Legacy Investment Solutions LLC bought a new position in shares of Regions Financial in the 3rd quarter valued at $37,000. Finally, Quarry LP increased its stake in shares of Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after purchasing an additional 394 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Trading Up 2.9 %

NYSE:RF opened at $21.45 on Friday. The firm’s fifty day moving average is $23.67 and its 200-day moving average is $24.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The firm has a market cap of $19.42 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the company posted $0.39 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s dividend payout ratio (DPR) is currently 51.55%.

Insiders Place Their Bets

In other news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the purchase, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. The trade was a 15.15 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have bought 4,523 shares of company stock worth $102,269. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RF shares. Compass Point lifted their price target on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group raised their price objective on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Citigroup dropped their target price on Regions Financial from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays boosted their price target on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $32.00 target price (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Regions Financial presently has an average rating of “Moderate Buy” and a consensus target price of $27.56.

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.