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

Union Bancaire Privee UBP SA cut its position in Regions Financial Corporation (NYSE:RF) by 5.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 574,693 shares of the bank’s stock after selling 32,383 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Regions Financial were worth $14,118,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RF. Darwin Wealth Management LLC bought a new position in Regions Financial in the second quarter worth approximately $25,000. SouthState Bank Corp increased its holdings in shares of Regions Financial by 94.1% during the fourth quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock valued at $30,000 after acquiring an additional 538 shares in the last quarter. Spire Wealth Management increased its holdings 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 valued at $32,000 after acquiring an additional 557 shares in the last quarter. Princeton Global Asset Management LLC raised 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 during the period. Finally, Leonteq Securities AG acquired a new position in shares of Regions Financial during the fourth quarter worth approximately $33,000. 79.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Truist Financial reissued a “hold” rating and issued a $30.00 price target on shares of Regions Financial in a research report on Tuesday, April 21st. Brean Capital assumed coverage on shares of Regions Financial in a research note on Thursday, March 12th. They issued a “neutral” rating on the stock. Stephens assumed coverage on shares of Regions Financial in a report on Monday, June 15th. They set an “equal weight” rating and a $31.00 price objective for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $32.00 target price on shares of Regions Financial in a report on Tuesday, March 3rd. Finally, Piper Sandler dropped their price target on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Regions Financial currently has a consensus rating of “Hold” and an average target price of $30.73.

Insider Activity

In related news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Regions Financial Stock Up 0.4%

RF opened at $30.09 on Friday. Regions Financial Corporation has a fifty-two week low of $22.70 and a fifty-two week high of $31.53. The firm has a market capitalization of $25.68 billion, a P/E ratio of 12.54, a PEG ratio of 1.14 and a beta of 1.00. The company’s 50-day moving average is $28.16 and its 200 day moving average is $27.89. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80.

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

Regions Financial Announces Dividend

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

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.