Epoch Investment Partners Inc. Decreases Stock Position in Regions Financial Co. (NYSE:RF)

Epoch Investment Partners Inc. trimmed its position in shares of Regions Financial Co. (NYSE:RF) by 2.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,559,657 shares of the bank’s stock after selling 61,814 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.28% of Regions Financial worth $51,296,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in shares of Regions Financial during the 4th quarter worth approximately $2,047,000. Corient Private Wealth LLC boosted its position in shares of Regions Financial by 0.8% during the 4th quarter. Corient Private Wealth LLC now owns 102,438 shares of the bank’s stock valued at $1,985,000 after acquiring an additional 821 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Regions Financial by 31.2% in the fourth quarter. Assetmark Inc. now owns 12,006 shares of the bank’s stock valued at $233,000 after purchasing an additional 2,854 shares during the period. Franklin Resources Inc. increased its position in Regions Financial by 6.3% during the fourth quarter. Franklin Resources Inc. now owns 480,090 shares of the bank’s stock worth $9,304,000 after purchasing an additional 28,584 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Regions Financial by 8.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 135,235 shares of the bank’s stock worth $2,621,000 after purchasing an additional 10,269 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Trading Down 1.1 %

RF opened at $23.11 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $21.16 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 2.82 and a beta of 1.17. The business has a fifty day moving average price of $22.08 and a 200 day moving average price of $20.43. Regions Financial Co. has a 12 month low of $13.72 and a 12 month high of $23.47.

Regions Financial (NYSE:RF) last released its earnings results on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. Sell-side analysts expect that Regions Financial Co. will post 2 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.25 per share. This is a boost from Regions Financial’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Tuesday, September 3rd. Regions Financial’s payout ratio is 54.35%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Evercore ISI cut their price target on shares of Regions Financial from $22.00 to $21.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Citigroup increased their price target on Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday. Jefferies Financial Group boosted their price objective on shares of Regions Financial from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Finally, Bank of America upped their target price on shares of Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.69.

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.