Regions Financial Co. (NYSE:RF) Stake Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Regions Financial Co. (NYSE:RF) by 117.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,068,997 shares of the bank’s stock after buying an additional 576,931 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.12% of Regions Financial worth $25,143,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RF. Janney Montgomery Scott LLC grew its stake in shares of Regions Financial by 16.4% in the third quarter. Janney Montgomery Scott LLC now owns 66,925 shares of the bank’s stock worth $1,561,000 after purchasing an additional 9,407 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Regions Financial by 59.0% in the third quarter. Van ECK Associates Corp now owns 37,721 shares of the bank’s stock worth $891,000 after purchasing an additional 13,999 shares during the period. Principal Financial Group Inc. grew its position in Regions Financial by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,087,697 shares of the bank’s stock valued at $25,376,000 after buying an additional 34,125 shares in the last quarter. Assetmark Inc. grew its position in Regions Financial by 6.8% in the 3rd quarter. Assetmark Inc. now owns 18,637 shares of the bank’s stock valued at $435,000 after buying an additional 1,184 shares in the last quarter. Finally, Atria Investments Inc increased its stake in Regions Financial by 4.1% during the 3rd quarter. Atria Investments Inc now owns 19,100 shares of the bank’s stock valued at $446,000 after buying an additional 754 shares during the period. 79.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on RF. Truist Financial increased their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, January 21st. Compass Point increased their price target on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group lifted their price target on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company upped their price objective on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Finally, Barclays lifted their target price on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Trading Down 2.3 %

NYSE RF opened at $21.03 on Wednesday. The firm’s 50 day moving average price is $23.81 and its two-hundred day moving average price is $24.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The stock has a market cap of $19.04 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. Regions Financial’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share. Equities analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s dividend payout ratio (DPR) is 51.55%.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.