Union Bancaire Privee UBP SA Invests $225,000 in Regions Financial Co. (NYSE:RF)

Union Bancaire Privee UBP SA purchased a new stake in shares of Regions Financial Co. (NYSE:RF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,900 shares of the bank’s stock, valued at approximately $225,000.

Other large investors have also recently bought and sold shares of the company. State Street Corp grew its stake in Regions Financial by 16.3% during the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock valued at $1,306,813,000 after acquiring an additional 7,791,399 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Regions Financial by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank’s stock worth $648,269,000 after purchasing an additional 816,226 shares during the period. Geode Capital Management LLC grew its position in Regions Financial by 1.4% during the third quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank’s stock valued at $526,118,000 after purchasing an additional 315,605 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Regions Financial by 1.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,738,619 shares of the bank’s stock valued at $203,273,000 after buying an additional 112,885 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Regions Financial by 0.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,226,353 shares of the bank’s stock worth $191,921,000 after buying an additional 61,426 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Trading Up 0.2 %

Regions Financial stock opened at $23.44 on Tuesday. The business’s 50-day simple moving average is $24.08 and its 200-day simple moving average is $23.96. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The firm has a market capitalization of $21.30 billion, a PE ratio of 12.08, a PEG ratio of 1.93 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. Equities research analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.27%. Regions Financial’s dividend payout ratio is 51.55%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a report on Tuesday, October 29th. Citigroup boosted their target price on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company raised their price target on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. The Goldman Sachs Group lifted their price target on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Compass Point increased their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Profile

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.