Universal Beteiligungs und Servicegesellschaft mbH Purchases 4,288 Shares of Regions Financial Corporation $RF

Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Regions Financial Corporation (NYSE:RF) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 718,703 shares of the bank’s stock after buying an additional 4,288 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Regions Financial were worth $16,904,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CVA Family Office LLC grew its holdings in shares of Regions Financial by 163.2% in the second quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after acquiring an additional 656 shares in the last quarter. American National Bank & Trust boosted its position in Regions Financial by 2,433.3% in the second quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after purchasing an additional 1,022 shares during the last quarter. Bayforest Capital Ltd boosted its position in Regions Financial by 637.3% in the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after purchasing an additional 1,058 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Regions Financial in the 2nd quarter valued at $30,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Regions Financial during the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

RF has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Regions Financial in a report on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of Regions Financial in a research note on Tuesday, October 21st. Cantor Fitzgerald began coverage on shares of Regions Financial in a research report on Wednesday, September 10th. They set an “overweight” rating and a $30.00 target price for the company. Stephens restated an “equal weight” rating and set a $27.00 price target (down previously from $30.00) on shares of Regions Financial in a research note on Tuesday, October 14th. Finally, Truist Financial dropped their price objective on Regions Financial from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Monday, October 20th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $28.19.

Regions Financial Price Performance

RF opened at $24.19 on Wednesday. The firm has a 50-day moving average price of $25.33 and a 200-day moving average price of $24.49. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.96. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 1.24 and a beta of 1.07.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. The company had revenue of $1.81 billion during the quarter. Equities analysts expect that Regions Financial Corporation 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 Friday, January 2nd. Stockholders of record on Monday, December 1st will be given a $0.265 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.06 annualized dividend and a dividend yield of 4.4%. Regions Financial’s payout ratio is 46.70%.

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.