Epoch Investment Partners Inc. Buys 180,109 Shares of Regions Financial Corporation $RF

Epoch Investment Partners Inc. grew its stake in Regions Financial Corporation (NYSE:RF) by 8.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,247,473 shares of the bank’s stock after purchasing an additional 180,109 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Regions Financial were worth $60,907,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RF. Empowered Funds LLC raised its holdings in Regions Financial by 7.2% in the 1st quarter. Empowered Funds LLC now owns 19,152 shares of the bank’s stock worth $416,000 after purchasing an additional 1,278 shares in the last quarter. Woodline Partners LP raised its holdings in Regions Financial by 40.7% in the 1st quarter. Woodline Partners LP now owns 76,797 shares of the bank’s stock worth $1,669,000 after purchasing an additional 22,216 shares in the last quarter. Baird Financial Group Inc. raised its holdings in Regions Financial by 0.7% in the 2nd quarter. Baird Financial Group Inc. now owns 71,717 shares of the bank’s stock worth $1,687,000 after purchasing an additional 511 shares in the last quarter. Federated Hermes Inc. raised its holdings in Regions Financial by 81.2% in the 2nd quarter. Federated Hermes Inc. now owns 11,677 shares of the bank’s stock worth $275,000 after purchasing an additional 5,233 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Regions Financial by 5.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 141,155 shares of the bank’s stock worth $3,320,000 after purchasing an additional 6,690 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Performance

Shares of RF stock opened at $29.24 on Monday. Regions Financial Corporation has a one year low of $21.40 and a one year high of $31.53. The company’s 50-day moving average is $27.79 and its 200 day moving average is $27.67. The company has a market capitalization of $24.95 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $1.87 billion for 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%. Regions Financial’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. Sell-side analysts expect that Regions Financial Corporation will post 2.61 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, June 1st. Regions Financial’s dividend payout ratio (DPR) is presently 44.17%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RF. Brean Capital began coverage on shares of Regions Financial in a report on Thursday, March 12th. They issued a “neutral” rating for the company. Morgan Stanley decreased their price target on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Piper Sandler decreased their price target on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $32.00 price target on shares of Regions Financial in a research note on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Regions Financial presently has a consensus rating of “Hold” and a consensus price target of $30.47.

Insider Activity

In other news, EVP Brian R. Willman sold 7,014 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were 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 SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by insiders.

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.