Regions Financial Co. (NYSE:RF) Holdings Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Regions Financial Co. (NYSE:RF) by 41.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 401,255 shares of the bank’s stock after buying an additional 117,232 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Regions Financial were worth $7,776,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Regions Financial during the 3rd quarter worth about $26,000. Dark Forest Capital Management LP acquired a new position in shares of Regions Financial in the 1st quarter worth approximately $26,000. Sound Income Strategies LLC grew its stake in shares of Regions Financial by 103.2% in the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after purchasing an additional 750 shares during the last quarter. HM Payson & Co. grew its stake in shares of Regions Financial by 2,000.0% in the 3rd quarter. HM Payson & Co. now owns 2,100 shares of the bank’s stock worth $36,000 after purchasing an additional 2,000 shares during the last quarter. Finally, West Paces Advisors Inc. grew its stake in shares of Regions Financial by 277.2% in the 3rd quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank’s stock worth $41,000 after purchasing an additional 1,752 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Price Performance

NYSE RF opened at $18.90 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $17.37 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.37 and a beta of 1.21. The company has a 50 day moving average price of $19.32 and a two-hundred day moving average price of $18.00. Regions Financial Co. has a 12-month low of $13.72 and a 12-month high of $21.08.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. Regions Financial’s revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. As a group, equities analysts predict that Regions Financial Co. will post 1.98 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend is Friday, May 31st. Regions Financial’s payout ratio is 45.93%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Argus cut shares of Regions Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Truist Financial lifted their target price on shares of Regions Financial from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday, April 1st. Stephens reissued an “equal weight” rating and issued a $21.00 target price on shares of Regions Financial in a research report on Tuesday, January 23rd. Finally, Citigroup raised shares of Regions Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $23.00 in a research report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.39.

About Regions Financial

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.