Union Bancaire Privee UBP SA Buys 597,176 Shares of Regions Financial Corporation $RF

Union Bancaire Privee UBP SA grew its stake in Regions Financial Corporation (NYSE:RF) by 6,032.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 607,076 shares of the bank’s stock after purchasing an additional 597,176 shares during the quarter. Union Bancaire Privee UBP SA owned approximately 0.07% of Regions Financial worth $16,139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC lifted its position in Regions Financial by 7.1% during the fourth quarter. GAMMA Investing LLC now owns 32,059 shares of the bank’s stock worth $869,000 after acquiring an additional 2,136 shares during the last quarter. Allworth Financial LP grew its position in shares of Regions Financial by 37.1% in the third quarter. Allworth Financial LP now owns 4,232 shares of the bank’s stock valued at $112,000 after purchasing an additional 1,146 shares during the last quarter. Swiss Life Asset Management Ltd lifted its holdings in Regions Financial by 3.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 654,962 shares of the bank’s stock worth $17,271,000 after purchasing an additional 19,472 shares during the last quarter. Investment Research Partners LLC bought a new stake in Regions Financial in the 3rd quarter valued at $772,000. Finally, CIBC Private Wealth Group LLC grew its holdings in Regions Financial by 18.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 33,984 shares of the bank’s stock valued at $896,000 after buying an additional 5,278 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Insider Buying and Selling

In other Regions Financial news, EVP William D. Ritter sold 36,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $28.78, for a total value of $1,036,080.00. Following the sale, the executive vice president owned 17,569 shares in the company, valued at $505,635.82. This trade represents a 67.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.29% of the stock is currently owned by insiders.

Regions Financial Stock Performance

Shares of NYSE:RF opened at $25.20 on Friday. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $31.53. The stock has a market capitalization of $21.76 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 0.89 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50 day simple moving average is $28.29 and its 200 day simple moving average is $26.82.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 16th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.04). Regions Financial had a net margin of 22.44% and a return on equity of 12.55%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the business posted $0.56 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, research analysts predict that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial announced that its Board of Directors has authorized a share repurchase program on Wednesday, December 10th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the bank to reacquire up to 12.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be issued a dividend of $0.265 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.06 annualized dividend and a dividend yield of 4.2%. Regions Financial’s payout ratio is 46.29%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Regions Financial from $29.00 to $31.50 and gave the company a “neutral” rating in a research report on Monday, February 9th. Barclays raised their target price on shares of Regions Financial from $27.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, January 5th. Wells Fargo & Company downgraded Regions Financial from an “equal weight” rating to an “underweight” rating and set a $30.00 price target on the stock. in a research report on Friday, January 16th. Truist Financial lifted their price objective on Regions Financial from $26.00 to $29.00 and gave the company a “hold” rating in a report on Monday, December 22nd. Finally, Wall Street Zen lowered Regions Financial from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Six investment 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, the stock currently has a consensus rating of “Hold” and an average price target of $29.97.

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.