Regions Financial Corporation $RF Shares Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR boosted its holdings in Regions Financial Corporation (NYSE:RF) by 953.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,826 shares of the bank’s stock after buying an additional 44,190 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Regions Financial were worth $1,288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Regions Financial in the 2nd quarter worth $246,790,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Regions Financial by 620.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,563,492 shares of the bank’s stock valued at $60,293,000 after purchasing an additional 2,207,585 shares during the last quarter. Basswood Capital Management L.L.C. acquired a new position in shares of Regions Financial in the 2nd quarter valued at $24,927,000. Midwest Trust Co purchased a new position in Regions Financial in the 2nd quarter worth about $14,519,000. Finally, Schroder Investment Management Group raised its holdings in Regions Financial by 56.8% during the 2nd quarter. Schroder Investment Management Group now owns 1,558,174 shares of the bank’s stock worth $36,648,000 after buying an additional 564,281 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Trading Up 1.7%

Shares of NYSE:RF opened at $27.56 on Monday. The firm has a fifty day moving average of $25.89 and a two-hundred day moving average of $25.63. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.98. The firm has a market capitalization of $24.16 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 1.12 and a beta of 1.03.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. The business had revenue of $1.81 billion for the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. On average, equities analysts expect that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, December 1st. Regions Financial’s payout ratio is currently 46.70%.

Regions Financial declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 10th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the bank to buy up to 12.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Cowen reiterated a “buy” rating on shares of Regions Financial in a report on Tuesday, October 21st. Keefe, Bruyette & Woods raised their price objective on shares of Regions Financial from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Truist Financial lifted their price objective on shares of Regions Financial from $26.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, December 22nd. Citigroup increased their target price on Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Finally, Evercore ISI raised their target price on Regions Financial from $28.00 to $29.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.21.

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.