Union Bancaire Privee UBP SA Invests $225,000 in Regions Financial Co. (NYSE:RF)

Union Bancaire Privee UBP SA bought a new position in Regions Financial Co. (NYSE:RF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,900 shares of the bank’s stock, valued at approximately $225,000.

A number of other large investors have also bought and sold shares of RF. Citigroup Inc. grew its stake in shares of Regions Financial by 20.0% during the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock valued at $35,445,000 after purchasing an additional 253,708 shares during the last quarter. Aprio Wealth Management LLC acquired a new stake in shares of Regions Financial in the 4th quarter valued at $1,247,000. Nordea Investment Management AB raised its position in shares of Regions Financial by 60.4% during the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock worth $6,220,000 after acquiring an additional 99,115 shares during the last quarter. Commerce Bank boosted its holdings in Regions Financial by 392.5% in the third quarter. Commerce Bank now owns 248,325 shares of the bank’s stock valued at $5,793,000 after acquiring an additional 197,900 shares during the last quarter. Finally, National Pension Service increased its position in Regions Financial by 6.3% in the third quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock worth $40,175,000 after purchasing an additional 102,380 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Price Performance

Shares of NYSE:RF opened at $24.64 on Thursday. The firm has a market cap of $22.39 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. Regions Financial Co. has a 52 week low of $17.42 and a 52 week high of $27.96. The firm’s fifty day moving average is $24.86 and its 200-day moving average is $23.63. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Sell-side analysts predict that Regions Financial Co. will post 2.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RF shares. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Truist Financial raised their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Wells Fargo & Company upped their price target on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Compass Point lifted their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Stephens raised shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Regions Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

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.