Regions Financial Co. (NYSE:RF) Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Regions Financial Co. (NYSE:RF) by 20.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,316 shares of the bank’s stock after buying an additional 567 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Regions Financial were worth $86,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Machina Capital S.A.S. acquired a new stake in Regions Financial during the 4th quarter worth approximately $495,000. Andra AP fonden lifted its holdings in Regions Financial by 38.1% during the 4th quarter. Andra AP fonden now owns 492,500 shares of the bank’s stock worth $11,584,000 after buying an additional 136,000 shares in the last quarter. Edgestream Partners L.P. raised its holdings in shares of Regions Financial by 25.6% in the 4th quarter. Edgestream Partners L.P. now owns 191,882 shares of the bank’s stock valued at $4,513,000 after purchasing an additional 39,095 shares in the last quarter. Callan Family Office LLC acquired a new stake in shares of Regions Financial in the 4th quarter valued at $354,000. Finally, Inceptionr LLC acquired a new stake in shares of Regions Financial in the 4th quarter valued at $1,065,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RF shares. Piper Sandler raised their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Barclays raised their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, January 6th. Truist Financial raised their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, January 21st. Citigroup raised their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company increased their target price on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Trading Down 2.3 %

Shares of Regions Financial stock opened at $21.03 on Wednesday. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The company has a market capitalization of $19.04 billion, a P/E ratio of 10.84, a PEG ratio of 1.93 and a beta of 1.19. The company’s fifty day moving average is $23.81 and its two-hundred day moving average is $24.05.

Regions Financial (NYSE:RF) last issued its quarterly earnings data 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. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm posted $0.39 EPS. Regions Financial’s revenue for the quarter was up .2% on a year-over-year basis. Analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

About Regions Financial

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.