Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases New Stake in Regions Financial Corporation $RF

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Regions Financial Corporation (NYSE:RF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 339,689 shares of the bank’s stock, valued at approximately $9,206,000.

A number of other large investors have also added to or reduced their stakes in the business. Tredje AP fonden raised its stake in Regions Financial by 63.8% in the 4th quarter. Tredje AP fonden now owns 105,322 shares of the bank’s stock valued at $2,854,000 after acquiring an additional 41,004 shares during the period. Handelsbanken Fonder AB raised its stake in Regions Financial by 49.5% in the 4th quarter. Handelsbanken Fonder AB now owns 160,112 shares of the bank’s stock valued at $4,339,000 after acquiring an additional 52,996 shares during the period. Csenge Advisory Group raised its stake in Regions Financial by 28.2% in the 4th quarter. Csenge Advisory Group now owns 98,168 shares of the bank’s stock valued at $2,660,000 after acquiring an additional 21,585 shares during the period. ProShare Advisors LLC raised its stake in Regions Financial by 29.0% in the 4th quarter. ProShare Advisors LLC now owns 242,692 shares of the bank’s stock valued at $6,577,000 after acquiring an additional 54,567 shares during the period. Finally, HighTower Advisors LLC raised its stake in Regions Financial by 7.1% in the 4th quarter. HighTower Advisors LLC now owns 216,701 shares of the bank’s stock valued at $5,873,000 after acquiring an additional 14,402 shares during the period. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

RF opened at $26.86 on Wednesday. The firm has a market cap of $22.92 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02. Regions Financial Corporation has a 52-week low of $20.79 and a 52-week high of $31.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80. The business’s fifty day moving average is $26.89 and its 200-day moving average is $27.21.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the company earned $0.54 EPS. Regions Financial’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts expect that Regions Financial Corporation will post 2.61 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, June 1st. Regions Financial’s dividend payout ratio is currently 44.17%.

Insider Buying and Selling at Regions Financial

In related news, EVP Brian R. Willman sold 7,014 shares of the company’s stock in a transaction 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 can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada increased their price target on Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. UBS Group reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Regions Financial in a report on Wednesday, February 4th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $31.00 price objective on shares of Regions Financial in a report on Tuesday, January 20th. Morgan Stanley decreased their price objective on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Finally, DA Davidson upped their price objective on Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a report on Monday, April 20th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $30.06.

About Regions Financial

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.