Czech National Bank Has $3.16 Million Stock Position in Regions Financial Co. (NYSE:RF)

Czech National Bank lowered its position in shares of Regions Financial Co. (NYSE:RFFree Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,896 shares of the bank’s stock after selling 1,113 shares during the quarter. Czech National Bank’s holdings in Regions Financial were worth $3,157,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Yousif Capital Management LLC boosted its stake in shares of Regions Financial by 0.8% in the 1st quarter. Yousif Capital Management LLC now owns 149,877 shares of the bank’s stock valued at $3,336,000 after purchasing an additional 1,249 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Regions Financial by 23.5% in the 1st quarter. Vontobel Holding Ltd. now owns 24,426 shares of the bank’s stock valued at $553,000 after purchasing an additional 4,648 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Regions Financial by 929.9% in the 1st quarter. Allianz Asset Management GmbH now owns 1,070,728 shares of the bank’s stock valued at $23,834,000 after purchasing an additional 966,768 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Regions Financial by 44.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 15,715 shares of the bank’s stock valued at $350,000 after purchasing an additional 4,852 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Regions Financial by 41.7% in the 1st quarter. Parkside Financial Bank & Trust now owns 2,505 shares of the bank’s stock valued at $56,000 after purchasing an additional 737 shares during the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Regions Financial from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, December 8th. Barclays restated an “underweight” rating and set a $22.00 target price (up from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods raised their target price on shares of Regions Financial from $20.00 to $21.00 and gave the stock a “market perform” rating in a report on Monday, January 22nd. Morgan Stanley raised their target price on shares of Regions Financial from $21.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, Evercore ISI restated an “inline” rating and set a $21.00 target price (up from $16.50) on shares of Regions Financial in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Regions Financial has a consensus rating of “Hold” and a consensus price target of $20.12.

Get Our Latest Stock Report on Regions Financial

Regions Financial Stock Up 0.8 %

Shares of NYSE RF opened at $19.05 on Friday. The stock has a 50-day moving average price of $18.67 and a two-hundred day moving average price of $17.62. Regions Financial Co. has a 12 month low of $13.72 and a 12 month high of $21.02. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a market cap of $17.50 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 1.39 and a beta of 1.19.

Regions Financial (NYSE:RFGet Free Report) last released its quarterly earnings data on Friday, January 19th. The bank reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.09). Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company earned $0.67 EPS. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. As a group, analysts forecast that Regions Financial Co. will post 2 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Thursday, February 29th. Regions Financial’s payout ratio is 45.93%.

Regions Financial Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.