Natixis Advisors LLC Has $4.78 Million Holdings in Regions Financial Corporation (NYSE:RF)

Natixis Advisors LLC grew its holdings in Regions Financial Corporation (NYSE:RF - Free Report) by 34.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 219,782 shares of the bank's stock after purchasing an additional 56,665 shares during the period. Natixis Advisors LLC's holdings in Regions Financial were worth $4,776,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Foster Victor Wealth Advisors LLC raised its holdings in shares of Regions Financial by 5.4% in the first quarter. Foster Victor Wealth Advisors LLC now owns 304,011 shares of the bank's stock valued at $6,606,000 after purchasing an additional 15,652 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Regions Financial by 0.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,428,091 shares of the bank's stock valued at $52,762,000 after acquiring an additional 21,169 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Regions Financial by 13.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 157,566 shares of the bank's stock valued at $3,424,000 after acquiring an additional 18,684 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its stake in Regions Financial by 62.4% in the first quarter. Kingswood Wealth Advisors LLC now owns 20,367 shares of the bank's stock valued at $440,000 after acquiring an additional 7,822 shares during the last quarter. Finally, OneDigital Investment Advisors LLC acquired a new stake in Regions Financial in the first quarter valued at $272,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RF has been the subject of a number of recent analyst reports. Truist Financial reiterated a "hold" rating on shares of Regions Financial in a research note on Friday, May 23rd. Barclays reiterated an "underweight" rating and issued a $27.00 price target (up previously from $24.00) on shares of Regions Financial in a research note on Monday, July 21st. Jefferies Financial Group initiated coverage on shares of Regions Financial in a research note on Wednesday, May 21st. They issued a "hold" rating and a $24.00 price target for the company. Keefe, Bruyette & Woods increased their price target on shares of Regions Financial from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, DA Davidson increased their price target on shares of Regions Financial from $25.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $27.33.

Regions Financial Trading Down 0.1%

Shares of Regions Financial stock opened at $25.16 on Wednesday. The firm has a 50-day moving average of $23.70 and a 200-day moving average of $22.58. The stock has a market cap of $22.62 billion, a PE ratio of 11.70, a PEG ratio of 1.45 and a beta of 1.01. Regions Financial Corporation has a 52-week low of $17.74 and a 52-week high of $27.96. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82.

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

Regions Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be given a $0.265 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a boost from Regions Financial's previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.2%. Regions Financial's dividend payout ratio (DPR) is presently 46.51%.

Regions Financial Company Profile

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.

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