Raiffeisen Bank International AG Grows Holdings in Regions Financial Corporation $RF

Raiffeisen Bank International AG raised its holdings in Regions Financial Corporation (NYSE:RF) by 7,509.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,623 shares of the bank’s stock after purchasing an additional 47,984 shares during the period. Raiffeisen Bank International AG’s holdings in Regions Financial were worth $1,472,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its stake in Regions Financial by 8.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,107,015 shares of the bank’s stock valued at $63,645,000 after acquiring an additional 165,527 shares in the last quarter. Swiss Life Asset Management Ltd raised its holdings in Regions Financial by 244.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock valued at $61,135,000 after buying an additional 1,600,926 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Regions Financial by 3.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,859,466 shares of the bank’s stock valued at $51,247,000 after acquiring an additional 69,191 shares during the period. Royal Palms Capital LLC acquired a new position in Regions Financial during the fourth quarter worth $4,137,000. Finally, Waterloo Capital L.P. boosted its holdings in Regions Financial by 123.7% during the 4th quarter. Waterloo Capital L.P. now owns 135,909 shares of the bank’s stock valued at $3,683,000 after acquiring an additional 75,149 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RF. Morgan Stanley upped their price target on Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 price objective on shares of Regions Financial in a report on Friday, July 17th. Weiss Ratings restated a “buy (b)” rating on shares of Regions Financial in a research note on Friday, July 17th. Citigroup upped their price target on Regions Financial from $32.00 to $36.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, DA Davidson increased their price target on shares of Regions Financial from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.24.

Regions Financial Price Performance

Shares of NYSE:RF opened at $30.44 on Friday. The company has a 50-day simple moving average of $30.89 and a 200-day simple moving average of $28.80. Regions Financial Corporation has a one year low of $22.70 and a one year high of $32.47. The stock has a market capitalization of $25.93 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.25 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 0.81.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. On average, analysts predict that Regions Financial Corporation will post 2.63 EPS for the current year.

Regions Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. Regions Financial’s dividend payout ratio is currently 48.98%.

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.