Fideuram Asset Management Ireland dac Invests $882,000 in Regions Financial Corporation $RF

Fideuram Asset Management Ireland dac purchased a new position in shares of Regions Financial Corporation (NYSE:RF) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 35,334 shares of the bank’s stock, valued at approximately $882,000.

Several other hedge funds have also made changes to their positions in RF. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial during the second quarter worth about $25,000. United Community Bank acquired a new stake in shares of Regions Financial during the third quarter worth about $30,000. Spire Wealth Management lifted its position in shares of Regions Financial by 91.5% during the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after purchasing an additional 557 shares in the last quarter. Princeton Global Asset Management LLC lifted its position in shares of Regions Financial by 260.4% during the fourth quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after purchasing an additional 854 shares in the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Regions Financial during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RF. Truist Financial reissued a “hold” rating and set a $30.00 price target on shares of Regions Financial in a research report on Tuesday, April 21st. Royal Bank Of Canada increased their price target on shares of Regions Financial from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. DA Davidson raised their target price on shares of Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a report on Monday, April 20th. Piper Sandler reduced their target price on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, March 30th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $30.00 target price on shares of Regions Financial in a report on Wednesday, February 4th. Seven equities 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.47.

Insider Buying and Selling

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.34% of the stock is owned by corporate insiders.

Regions Financial Stock Up 0.6%

Shares of NYSE:RF opened at $28.00 on Friday. The firm’s 50 day moving average price is $27.23 and its 200 day moving average price is $27.39. The stock has a market cap of $23.89 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.09 and a beta of 1.02. Regions Financial Corporation has a fifty-two week low of $20.79 and a fifty-two week high of $31.53. 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 (NYSE:RF) last issued its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The firm 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 firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. As a group, equities research analysts predict that Regions Financial Corporation will post 2.61 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, June 1st. Regions Financial’s dividend payout ratio is currently 44.17%.

Regions Financial 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.