Bank Julius Baer & Co. Ltd Zurich Has $1.43 Million Position in Regions Financial Corporation $RF

Bank Julius Baer & Co. Ltd Zurich grew its stake in Regions Financial Corporation (NYSE:RF) by 1,459.5% during the fourth quarter, HoldingsChannel reports. The firm owned 52,353 shares of the bank’s stock after buying an additional 48,996 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Regions Financial were worth $1,429,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial in the 2nd quarter valued at approximately $25,000. United Community Bank acquired a new stake in shares of Regions Financial in the 3rd quarter valued at approximately $30,000. Spire Wealth Management boosted its stake in shares of Regions Financial by 91.5% in the 4th 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 boosted its stake in shares of Regions Financial by 260.4% in the 4th 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, Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of Regions Financial in the 4th quarter valued at approximately $35,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Down 0.5%

Regions Financial stock opened at $26.65 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80. Regions Financial Corporation has a 52-week low of $20.79 and a 52-week high of $31.53. The firm has a 50 day moving average price of $26.91 and a two-hundred day moving average price of $27.15. The firm has a market cap of $22.75 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 1.04 and a beta of 1.02.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.92 billion. During the same quarter last year, the business earned $0.54 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. Equities analysts predict that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, June 1st. Regions Financial’s dividend payout ratio (DPR) is presently 44.17%.

Insiders Place Their Bets

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction dated 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 hyperlink. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

RF has been the topic of several recent research reports. Brean Capital initiated coverage on shares of Regions Financial in a research report on Thursday, March 12th. They set a “neutral” rating on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $32.00 target price on shares of Regions Financial in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. cut their target price on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. UBS Group reiterated a “neutral” rating and set a $30.00 target price on shares of Regions Financial in a research report on Wednesday, February 4th. Finally, Truist Financial reiterated a “hold” rating and set a $30.00 target price on shares of Regions Financial in a research report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.06.

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.