Eurizon Capital SGR S.p.A. Acquires New Position in Regions Financial Corporation $RF

Eurizon Capital SGR S.p.A. acquired a new stake in Regions Financial Corporation (NYSE:RF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,443,272 shares of the bank’s stock, valued at approximately $39,115,000.

Other institutional investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in shares of Regions Financial in the second quarter valued at approximately $25,000. United Community Bank acquired a new position in shares of Regions Financial in the third quarter valued at approximately $30,000. Spire Wealth Management grew its holdings in shares of Regions Financial by 91.5% in the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock valued at $32,000 after purchasing an additional 557 shares in the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of Regions Financial by 260.4% in the fourth quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock valued at $32,000 after purchasing an additional 854 shares in the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of Regions Financial in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Up 0.6%

Shares of NYSE:RF opened at $28.00 on Friday. The company has a market capitalization of $23.89 billion, a PE ratio of 11.67, a P/E/G ratio of 1.09 and a beta of 1.02. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. Regions Financial Corporation has a twelve month low of $20.79 and a twelve month high of $31.53. The firm has a 50 day simple moving average of $27.23 and a 200-day simple moving average of $27.39.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, April 17th. The bank reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. Regions Financial’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts predict that Regions Financial Corporation will post 2.61 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 1st. Regions Financial’s payout ratio is currently 44.17%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RF shares. JPMorgan Chase & Co. dropped their price objective on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. UBS Group restated a “neutral” rating and issued a $30.00 price objective on shares of Regions Financial in a report on Wednesday, February 4th. 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. Finally, 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. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.47.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

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.