Regions Financial Corporation $RF Holdings Raised by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. increased its stake in shares of Regions Financial Corporation (NYSE:RF) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,275,297 shares of the bank’s stock after acquiring an additional 18,525 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Regions Financial were worth $34,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Nykredit A S bought a new stake in Regions Financial in the second quarter valued at approximately $236,756,000. Bank of America Corp DE bought a new position in shares of Regions Financial in the second quarter worth approximately $219,068,000. First Trust Advisors LP grew its holdings in shares of Regions Financial by 75.7% in the first quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock worth $348,936,000 after purchasing an additional 5,754,487 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Regions Financial in the second quarter worth $163,654,000. Finally, Korea Investment CORP purchased a new position in shares of Regions Financial in the second quarter worth $99,190,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Price Performance

Shares of RF stock opened at $28.85 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.81 and a current ratio of 0.82. Regions Financial Corporation has a fifty-two week low of $23.59 and a fifty-two week high of $32.47. The firm has a market cap of $24.49 billion, a P/E ratio of 11.32, a P/E/G ratio of 1.15 and a beta of 1.01. The business’s 50 day moving average price is $28.21 and its 200-day moving average price is $28.71.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, October 16th. The bank reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Regions Financial had a return on equity of 13.43% and a net margin of 23.97%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share. On average, equities research analysts anticipate that Regions Financial Corporation will post 2.70 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, December 1st. Regions Financial’s payout ratio is presently 47.06%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RF shares. Evercore reiterated an “underperform” rating and set a $28.00 price target on shares of Regions Financial in a report on Tuesday, October 27th. TD Cowen assumed coverage on shares of Regions Financial in a report on Thursday, October 8th. They issued a “hold” rating and a $30.00 price target on the stock. Stephens restated an “outperform” rating on shares of Regions Financial in a research report on Monday, October 19th. Truist Financial decreased their price objective on shares of Regions Financial from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, October 20th. Finally, Wall Street Zen raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Regions Financial presently has a consensus rating of “Hold” and a consensus price target of $31.00.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, Regions Bank, provides banking and related financial services to individuals, businesses and institutions. The company’s services include consumer and commercial banking, lending, mortgage banking, treasury and payment services, and wealth management. Regions also offers services such as investment and trust management through its wealth business. Regions traces its history to First Alabama Bancshares, established in 1971, and serves customers across the South and parts of the Midwest and Texas.