Assenagon Asset Management S.A. Has $18.25 Million Holdings in Regions Financial Co. (NYSE:RF)

Assenagon Asset Management S.A. grew its position in Regions Financial Co. (NYSE:RF - Free Report) by 776.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 941,425 shares of the bank's stock after purchasing an additional 834,018 shares during the period. Assenagon Asset Management S.A. owned approximately 0.10% of Regions Financial worth $18,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of RF. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Regions Financial in the third quarter valued at approximately $26,000. Dark Forest Capital Management LP bought a new position in shares of Regions Financial in the first quarter valued at approximately $26,000. Sound Income Strategies LLC boosted its holdings in shares of Regions Financial by 103.2% in the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank's stock valued at $29,000 after acquiring an additional 750 shares in the last quarter. HM Payson & Co. boosted its holdings in shares of Regions Financial by 2,000.0% in the third quarter. HM Payson & Co. now owns 2,100 shares of the bank's stock valued at $36,000 after acquiring an additional 2,000 shares in the last quarter. Finally, West Paces Advisors Inc. boosted its holdings in shares of Regions Financial by 277.2% in the third quarter. West Paces Advisors Inc. now owns 2,384 shares of the bank's stock valued at $41,000 after acquiring an additional 1,752 shares in the last quarter. Institutional investors own 79.39% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RF shares. Truist Financial increased their price objective on shares of Regions Financial from $15.00 to $21.00 and gave the company a "hold" rating in a report on Friday, December 15th. Evercore ISI increased their target price on shares of Regions Financial from $20.00 to $22.00 and gave the company an "in-line" rating in a research note on Thursday. Jefferies Financial Group raised shares of Regions Financial from a "hold" rating to a "buy" rating and increased their target price for the company from $15.00 to $22.00 in a research note on Tuesday, January 9th. Stephens reissued an "equal weight" rating and set a $21.00 target price on shares of Regions Financial in a research note on Tuesday, January 23rd. Finally, Morgan Stanley increased their target price on shares of Regions Financial from $21.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $20.28.

Regions Financial Stock Up 1.7 %

Regions Financial stock traded up $0.36 during trading hours on Thursday, hitting $21.04. The company had a trading volume of 8,206,724 shares, compared to its average volume of 9,105,605. The firm has a market capitalization of $19.33 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The firm's fifty day moving average is $18.94 and its 200-day moving average is $17.73. Regions Financial Co. has a fifty-two week low of $13.72 and a fifty-two week high of $21.08.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Friday, January 19th. The bank reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.09). The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 22.66% and a return on equity of 14.50%. The firm's quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 EPS. On average, research analysts forecast that Regions Financial Co. will post 1.98 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.56%. Regions Financial's dividend payout ratio is currently 45.93%.

Regions Financial 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.