Oddo BHF Asset Management Sas Boosts Stock Position in Regions Financial Corporation $RF

Oddo BHF Asset Management Sas grew its holdings in shares of Regions Financial Corporation (NYSE:RF) by 28.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 163,223 shares of the bank’s stock after purchasing an additional 35,864 shares during the period. Oddo BHF Asset Management Sas’ holdings in Regions Financial were worth $4,423,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in Regions Financial by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,837,339 shares of the bank’s stock worth $862,792,000 after purchasing an additional 215,061 shares during the last quarter. Victory Capital Management Inc. grew its position in Regions Financial by 68.9% during the 4th quarter. Victory Capital Management Inc. now owns 22,836,163 shares of the bank’s stock worth $618,860,000 after purchasing an additional 9,312,449 shares during the period. Morgan Stanley raised its position in Regions Financial by 1.3% during the fourth quarter. Morgan Stanley now owns 18,356,400 shares of the bank’s stock valued at $497,459,000 after acquiring an additional 231,924 shares in the last quarter. Norges Bank purchased a new position in Regions Financial during the fourth quarter valued at approximately $254,564,000. Finally, LSV Asset Management boosted its stake in shares of Regions Financial by 4.0% during the 4th quarter. LSV Asset Management now owns 9,286,352 shares of the bank’s stock worth $251,660,000 after acquiring an additional 357,101 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Insider Activity at Regions Financial

In other news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Royal Bank Of Canada upped their price objective on shares of Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Brean Capital started coverage on Regions Financial in a report on Thursday, March 12th. They set a “neutral” rating on the stock. Truist Financial reiterated a “hold” rating and issued a $30.00 price objective on shares of Regions Financial in a research report on Tuesday, April 21st. Finally, Piper Sandler lowered their price objective on Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 30th. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Regions Financial currently has an average rating of “Hold” and an average target price of $30.73.

Regions Financial Stock Up 1.4%

Regions Financial stock opened at $29.01 on Wednesday. Regions Financial Corporation has a twelve month low of $21.40 and a twelve month high of $31.53. The stock’s fifty day simple moving average is $27.88 and its 200-day simple moving average is $27.71. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $24.75 billion, a P/E ratio of 12.09, a P/E/G ratio of 1.12 and a beta of 1.00.

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

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a $0.265 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a yield of 3.7%. Regions Financial’s 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.