5,532 Shares in Regions Financial Co. (NYSE:RF) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new position in shares of Regions Financial Co. (NYSE:RF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 5,532 shares of the bank’s stock, valued at approximately $130,000.

A number of other hedge funds have also made changes to their positions in RF. Citigroup Inc. increased its position in Regions Financial by 20.0% in the 3rd quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock valued at $35,445,000 after acquiring an additional 253,708 shares in the last quarter. LBP AM SA increased its position in Regions Financial by 149.4% in the 4th quarter. LBP AM SA now owns 730,614 shares of the bank’s stock valued at $17,184,000 after acquiring an additional 437,691 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Regions Financial in the 4th quarter valued at about $1,965,000. Aprio Wealth Management LLC acquired a new stake in Regions Financial in the 4th quarter valued at about $1,247,000. Finally, Nordea Investment Management AB increased its position in Regions Financial by 60.4% in the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock valued at $6,220,000 after acquiring an additional 99,115 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insider Buying and Selling

In other news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have bought 3,993 shares of company stock worth $89,682. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Piper Sandler lifted their price target on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Citigroup lowered their price target on shares of Regions Financial from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Finally, Truist Financial lowered their price target on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.44.

Regions Financial Price Performance

NYSE RF opened at $21.68 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The company has a market capitalization of $19.63 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The firm’s 50 day moving average is $23.46 and its 200-day moving average is $23.94.

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

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. Regions Financial’s payout ratio is 51.55%.

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.