Zurcher Kantonalbank Zurich Cantonalbank Acquires 117,232 Shares of Regions Financial Co. (NYSE:RF)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 41.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 401,255 shares of the bank's stock after buying an additional 117,232 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Regions Financial were worth $7,776,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Toroso Investments LLC boosted its holdings in shares of Regions Financial by 5.0% during the fourth quarter. Toroso Investments LLC now owns 10,722 shares of the bank's stock worth $231,000 after purchasing an additional 508 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of Regions Financial by 16.5% during the fourth quarter. Whittier Trust Co. now owns 3,881 shares of the bank's stock worth $75,000 after purchasing an additional 549 shares during the last quarter. Pinnacle Financial Partners Inc boosted its holdings in shares of Regions Financial by 0.4% during the fourth quarter. Pinnacle Financial Partners Inc now owns 144,317 shares of the bank's stock worth $2,797,000 after purchasing an additional 606 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Regions Financial by 2.6% in the 4th quarter. SG Americas Securities LLC now owns 25,569 shares of the bank's stock worth $496,000 after buying an additional 654 shares during the period. Finally, Kinneret Advisory LLC raised its position in shares of Regions Financial by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 29,352 shares of the bank's stock worth $658,000 after buying an additional 656 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Argus lowered Regions Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, January 23rd. Royal Bank of Canada increased their target price on Regions Financial from $19.00 to $21.00 and gave the stock an "outperform" rating in a research report on Monday, January 22nd. StockNews.com lowered Regions Financial from a "hold" rating to a "sell" rating in a research report on Tuesday, February 6th. Stephens reaffirmed an "equal weight" rating and issued a $21.00 target price on shares of Regions Financial in a research report on Tuesday, January 23rd. Finally, Jefferies Financial Group upgraded Regions Financial from a "hold" rating to a "buy" rating and raised their target price for the company from $15.00 to $22.00 in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Regions Financial presently has an average rating of "Hold" and an average target price of $20.39.

Regions Financial Stock Down 0.5 %

Shares of RF stock traded down $0.10 during trading hours on Friday, hitting $18.90. 18,046,100 shares of the company were exchanged, compared to its average volume of 5,998,578. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. Regions Financial Co. has a one year low of $13.72 and a one year high of $21.08. The business's 50-day simple moving average is $19.32 and its two-hundred day simple moving average is $18.01. The stock has a market capitalization of $17.37 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 1.36 and a beta of 1.21.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings results on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.08). Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the business posted $0.62 EPS. The business's revenue for the quarter was down 10.5% on a year-over-year basis. Sell-side analysts predict that Regions Financial Co. will post 1.97 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, May 31st. This represents a $0.96 annualized dividend and a yield of 5.08%. Regions Financial's dividend payout ratio (DPR) is 52.17%.

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.