Unigestion Holding SA Invests $612,000 in Regions Financial Co. (NYSE:RF)

Unigestion Holding SA purchased a new stake in Regions Financial Co. (NYSE:RF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 26,000 shares of the bank’s stock, valued at approximately $612,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RF. Norges Bank bought a new position in shares of Regions Financial during the fourth quarter worth approximately $279,103,000. National Bank of Canada FI increased its stake in Regions Financial by 575.8% during the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock worth $39,784,000 after acquiring an additional 1,452,956 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Regions Financial by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank’s stock valued at $686,398,000 after acquiring an additional 1,396,647 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Regions Financial in the 4th quarter valued at $31,480,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Regions Financial by 247.0% during the 4th quarter. Allianz Asset Management GmbH now owns 1,738,571 shares of the bank’s stock valued at $40,891,000 after acquiring an additional 1,237,538 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Regions Financial from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday. Wells Fargo & Company cut their price target on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, March 28th. Compass Point lifted their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Truist Financial reduced their target price on Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Regions Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.95.

Regions Financial Price Performance

RF stock opened at $18.64 on Monday. The company has a market capitalization of $16.88 billion, a P/E ratio of 9.61, a PEG ratio of 1.93 and a beta of 1.01. The company has a fifty day moving average price of $22.88 and a 200-day moving average price of $23.89. 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.

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

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.36%. The ex-dividend date was Monday, March 3rd. Regions Financial’s payout ratio is presently 51.55%.

Insider Buying and Selling at Regions Financial

In other news, Director Joia M. Johnson purchased 2,300 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares of the company’s stock, valued at $370,353.48. The trade was a 15.15 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 3,868 shares of company stock valued at $86,722. 0.29% of the stock is currently owned by company insiders.

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.