Kepler Cheuvreux Suisse SA Buys New Stake in Regions Financial Corporation $RF

Kepler Cheuvreux Suisse SA purchased a new stake in Regions Financial Corporation (NYSE:RF) during the first quarter, HoldingsChannel.com reports. The fund purchased 37,482 shares of the bank’s stock, valued at approximately $979,000.

Several other hedge funds have also bought and sold shares of RF. Charles Schwab Investment Management Inc. grew its position in shares of Regions Financial by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,837,339 shares of the bank’s stock valued at $862,792,000 after purchasing an additional 215,061 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Regions Financial by 68.9% in the fourth quarter. Victory Capital Management Inc. now owns 22,836,163 shares of the bank’s stock worth $618,860,000 after buying an additional 9,312,449 shares in the last quarter. Invesco Ltd. boosted its stake in Regions Financial by 3.1% during the fourth quarter. Invesco Ltd. now owns 19,348,237 shares of the bank’s stock valued at $524,337,000 after buying an additional 573,659 shares during the last quarter. Morgan Stanley grew its holdings in Regions Financial by 1.3% during the 4th quarter. Morgan Stanley now owns 18,356,400 shares of the bank’s stock valued at $497,459,000 after buying an additional 231,924 shares in the last quarter. Finally, Norges Bank bought a new stake in Regions Financial in the 4th quarter worth approximately $254,564,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Up 0.0%

Shares of NYSE RF opened at $30.29 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80. The business’s 50 day moving average price is $28.38 and its 200-day moving average price is $28.01. Regions Financial Corporation has a fifty-two week low of $22.70 and a fifty-two week high of $31.53. The company has a market cap of $25.84 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.15 and a beta of 1.00.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.Regions Financial’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. On average, sell-side analysts expect that Regions Financial Corporation will post 2.61 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, June 1st. Regions Financial’s payout ratio is currently 44.17%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RF shares. Piper Sandler lowered their target price on Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 30th. DA Davidson boosted their price target on shares of Regions Financial from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Royal Bank Of Canada upped their price target on shares of Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Stephens started coverage on shares of Regions Financial in a research note on Monday, June 15th. They issued an “equal weight” rating and a $31.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.80.

Insider Activity at Regions Financial

In other news, EVP Brian R. Willman sold 7,014 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.34% of the company’s stock.

Regions Financial Company Profile

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.