Epoch Investment Partners Inc. Sells 57,050 Shares of Regions Financial Co. (NYSE:RF)

Epoch Investment Partners Inc. lessened its stake in shares of Regions Financial Co. (NYSE:RF) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,333,908 shares of the bank’s stock after selling 57,050 shares during the quarter. Epoch Investment Partners Inc. owned about 0.26% of Regions Financial worth $54,894,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in RF. Charles Schwab Investment Management Inc. grew its position 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 worth $686,398,000 after purchasing an additional 1,396,647 shares during the period. Geode Capital Management LLC grew its holdings in shares of Regions Financial by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank’s stock worth $540,284,000 after acquiring an additional 403,283 shares during the period. First Trust Advisors LP increased its position in Regions Financial by 7.7% during the fourth quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank’s stock valued at $401,097,000 after acquiring an additional 1,224,645 shares during the last quarter. Invesco Ltd. lifted its holdings in Regions Financial by 14.5% in the fourth quarter. Invesco Ltd. now owns 15,468,674 shares of the bank’s stock valued at $363,823,000 after acquiring an additional 1,963,954 shares during the period. Finally, Norges Bank purchased a new position in Regions Financial in the fourth quarter worth about $279,103,000. 79.39% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Joia M. Johnson purchased 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the acquisition, the director now owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This represents a 15.15 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have acquired 3,343 shares of company stock worth $74,348. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Truist Financial lowered their price objective on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Citigroup dropped their price target on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company reduced their price objective on 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. Barclays lifted their target price on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Finally, Morgan Stanley reduced their price target on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Regions Financial presently has an average rating of “Moderate Buy” and an average price target of $26.42.

Regions Financial Trading Up 0.5 %

Shares of RF stock opened at $19.26 on Friday. The stock’s 50-day moving average price is $21.59 and its 200-day moving average price is $23.56. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The stock has a market capitalization of $17.44 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the firm earned $0.37 EPS. Equities research analysts predict that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be issued a $0.25 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.19%. 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.