Universal Beteiligungs und Servicegesellschaft mbH Has $15.52 Million Stake in Regions Financial Corporation (NYSE:RF)

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 714,415 shares of the bank's stock after acquiring an additional 16,223 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Regions Financial worth $15,524,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of RF. Norges Bank acquired a new position in shares of Regions Financial during the fourth quarter worth about $279,103,000. Invesco Ltd. boosted its holdings in Regions Financial by 14.5% in the fourth quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock valued at $363,823,000 after purchasing an additional 1,963,954 shares in the last quarter. Deutsche Bank AG boosted its holdings in Regions Financial by 52.7% in the fourth quarter. Deutsche Bank AG now owns 5,522,612 shares of the bank's stock valued at $129,892,000 after purchasing an additional 1,907,121 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Regions Financial in the fourth quarter valued at approximately $31,480,000. Finally, AustralianSuper Pty Ltd acquired a new position in Regions Financial in the first quarter valued at approximately $28,726,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. TD Cowen assumed coverage on Regions Financial in a report on Thursday, May 15th. They set a "buy" rating and a $31.00 price target for the company. DA Davidson raised their price target on Regions Financial from $25.00 to $29.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Stephens raised their price target on Regions Financial from $24.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Barclays raised their price target on Regions Financial from $24.00 to $27.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. Finally, Truist Financial restated a "hold" rating on shares of Regions Financial in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Regions Financial has an average rating of "Moderate Buy" and a consensus target price of $27.33.

Regions Financial Stock Performance

RF traded down $0.08 during trading on Monday, reaching $26.34. 5,083,543 shares of the company were exchanged, compared to its average volume of 9,420,700. The stock has a market cap of $23.68 billion, a P/E ratio of 12.27, a PEG ratio of 1.52 and a beta of 0.98. The firm has a 50 day moving average of $23.16 and a 200 day moving average of $22.50. The company has a current ratio of 0.82, a quick 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.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly 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 return on equity of 13.08% and a net margin of 21.81%. The company had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the prior year, the business posted $0.52 earnings per share. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. On average, sell-side analysts forecast that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 4.02%. This is an increase from Regions Financial's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 2nd. Regions Financial's dividend payout ratio is currently 46.51%.

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.