Union Bancaire Privee UBP SA Has $14.12 Million Position in Regions Financial Corporation $RF

Union Bancaire Privee UBP SA lessened its holdings in Regions Financial Corporation (NYSE:RF) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 574,693 shares of the bank’s stock after selling 32,383 shares during the quarter. Union Bancaire Privee UBP SA owned approximately 0.07% of Regions Financial worth $14,118,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Regions Financial in the 4th quarter valued at approximately $254,564,000. Victory Capital Management Inc. lifted its holdings in shares of Regions Financial by 68.9% during the fourth quarter. Victory Capital Management Inc. now owns 22,836,163 shares of the bank’s stock worth $618,860,000 after purchasing an additional 9,312,449 shares during the period. First Trust Advisors LP grew its stake in shares of Regions Financial by 118.6% in the fourth quarter. First Trust Advisors LP now owns 7,604,482 shares of the bank’s stock worth $206,081,000 after purchasing an additional 4,125,776 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Regions Financial by 286.2% in the third quarter. Qube Research & Technologies Ltd now owns 4,022,031 shares of the bank’s stock worth $106,061,000 after purchasing an additional 2,980,505 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Regions Financial by 151.2% in the third quarter. AQR Capital Management LLC now owns 3,939,544 shares of the bank’s stock valued at $103,886,000 after purchasing an additional 2,371,048 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Price Performance

Shares of NYSE RF opened at $30.09 on Friday. The company has a market capitalization of $25.68 billion, a PE ratio of 12.54, a P/E/G ratio of 1.14 and a beta of 1.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. Regions Financial Corporation has a twelve month low of $22.70 and a twelve month high of $31.53. The firm has a fifty day simple moving average of $28.16 and a 200 day simple moving average of $27.89.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, April 17th. The bank reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. On average, sell-side analysts forecast that Regions Financial Corporation will post 2.6 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 annualized dividend and a yield of 3.5%. Regions Financial’s dividend payout ratio (DPR) is currently 44.17%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research analysts recently issued reports on RF shares. Brean Capital started coverage on Regions Financial in a research report on Thursday, March 12th. They set a “neutral” rating for the company. Royal Bank Of Canada increased their price target on Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Truist Financial restated a “hold” rating and set a $30.00 price objective on shares of Regions Financial in a research report on Tuesday, April 21st. Piper Sandler cut their price objective on Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Finally, Stephens began coverage on Regions Financial in a research note on Monday, June 15th. They issued an “equal weight” rating and a $31.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Regions Financial currently has a consensus rating of “Hold” and an average target price of $30.73.

About Regions Financial

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.