Epoch Investment Partners Inc. Decreases Stock Holdings in Regions Financial Corporation $RF

Key Points

• Epoch Investment Partners Inc. reduced its position in Regions Financial Corporation by 0.5%, now owning 2,321,605 shares valued at approximately $50.4 million as of their latest SEC filing.
• The company recently announced a dividend increase to $0.265 per share, up from $0.25, which translates to an annual yield of 3.9%.
• Regions Financial beat earnings expectations in their last quarterly report, posting an EPS of $0.60 against an estimated $0.56, with revenues increasing by 10.1% year-over-year.

Epoch Investment Partners Inc. lowered its holdings in Regions Financial Corporation (NYSE:RF - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,321,605 shares of the bank's stock after selling 12,303 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.26% of Regions Financial worth $50,448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RF. MML Investors Services LLC lifted its holdings in Regions Financial by 29.1% in the 4th quarter. MML Investors Services LLC now owns 92,518 shares of the bank's stock worth $2,176,000 after buying an additional 20,849 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in Regions Financial by 10.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 15,134 shares of the bank's stock worth $356,000 after buying an additional 1,418 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in shares of Regions Financial by 5.9% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 20,554 shares of the bank's stock valued at $483,000 after purchasing an additional 1,137 shares during the period. Two Sigma Securities LLC purchased a new position in shares of Regions Financial in the 4th quarter valued at approximately $261,000. Finally, Northern Trust Corp lifted its stake in shares of Regions Financial by 14.8% in the 4th quarter. Northern Trust Corp now owns 9,658,858 shares of the bank's stock valued at $227,176,000 after purchasing an additional 1,247,882 shares during the period. Hedge funds and other institutional investors own 79.39% of the company's stock.

Insider Transactions at Regions Financial

In related news, EVP David R. Keenan sold 30,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total value of $750,300.00. Following the transaction, the executive vice president directly owned 90,915 shares of the company's stock, valued at approximately $2,273,784.15. This trade represents a 24.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Roger W. Jenkins purchased 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average cost of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the purchase, the director directly owned 6,383 shares in the company, valued at $162,638.84. This represents a 167.86% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company's stock.

Regions Financial Price Performance

Shares of RF stock traded up $0.09 during mid-day trading on Friday, hitting $27.42. 15,961,096 shares of the stock were exchanged, compared to its average volume of 15,409,821. The firm has a fifty day moving average of $25.23 and a 200 day moving average of $22.78. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. Regions Financial Corporation has a 52-week low of $17.74 and a 52-week high of $27.96. The company has a market cap of $24.46 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.01.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Friday, July 18th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company posted $0.52 EPS. The company's revenue for the quarter was up 10.1% on a year-over-year basis. Research analysts anticipate that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be paid a $0.265 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.06 dividend on an annualized basis and a yield of 3.9%. This is a boost from Regions Financial's previous quarterly dividend of $0.25. Regions Financial's dividend payout ratio is 46.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Regions Financial in a research note on Wednesday, May 21st. They issued a "hold" rating and a $24.00 target price for the company. Keefe, Bruyette & Woods raised their target price on Regions Financial from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Stephens raised their target price on Regions Financial from $24.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Truist Financial restated a "hold" rating on shares of Regions Financial in a research note on Friday, May 23rd. Finally, TD Cowen started coverage on Regions Financial in a research note on Thursday, May 15th. They issued a "buy" rating and a $31.00 target price for the company. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Regions Financial has a consensus rating of "Moderate Buy" and an average price target of $27.33.

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.