Epoch Investment Partners Inc. Reduces Stock Position in Regions Financial Co. (NYSE:RF)

Epoch Investment Partners Inc. decreased its holdings in Regions Financial Co. (NYSE:RF) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,333,908 shares of the bank’s stock after selling 57,050 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Regions Financial were worth $54,894,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RF. Norges Bank bought a new stake in shares of Regions Financial during the fourth quarter valued at approximately $279,103,000. Invesco Ltd. increased its holdings in Regions Financial by 14.5% during the 4th quarter. Invesco Ltd. now owns 15,468,674 shares of the bank’s stock worth $363,823,000 after purchasing an additional 1,963,954 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 worth $686,398,000 after buying an additional 1,396,647 shares during the period. Raymond James Financial Inc. bought a new position in shares of Regions Financial during the 4th quarter worth $31,480,000. Finally, Allianz Asset Management GmbH grew 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 worth $40,891,000 after buying an additional 1,237,538 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Up 0.5 %

RF stock opened at $19.26 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The firm’s fifty day simple moving average is $21.59 and its 200-day simple moving average is $23.56. 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 $17.44 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same period last year, the firm earned $0.37 EPS. As a group, equities research analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 5.19%. Regions Financial’s dividend payout ratio is presently 51.55%.

Insider Transactions at Regions Financial

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the transaction, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have bought 3,343 shares of company stock valued at $74,348 in the last 90 days. 0.29% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on RF shares. Wells Fargo & Company lowered their price objective on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. Citigroup cut their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Morgan Stanley lowered their target price on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. cut their price target on Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Finally, Truist Financial decreased their price objective on Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Regions Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.42.

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.