Lombard Odier Asset Management Switzerland SA Purchases New Stake in Regions Financial Corporation $RF

Lombard Odier Asset Management Switzerland SA acquired a new position in shares of Regions Financial Corporation (NYSE:RF) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 33,400 shares of the bank’s stock, valued at approximately $872,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new stake in shares of Regions Financial during the 2nd quarter valued at about $25,000. SouthState Bank Corp lifted its holdings in Regions Financial by 94.1% in the fourth quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after acquiring an additional 538 shares during the last quarter. Spire Wealth Management lifted its holdings in Regions Financial by 91.5% in the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after acquiring an additional 557 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in Regions Financial by 260.4% in the fourth quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock valued at $32,000 after acquiring an additional 854 shares during the period. Finally, Leonteq Securities AG bought a new position in shares of Regions Financial during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insider Transactions at Regions Financial

In other news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.34% of the company’s stock.

Regions Financial Price Performance

Shares of NYSE:RF opened at $30.75 on Tuesday. The firm’s 50 day moving average is $29.43 and its two-hundred day moving average is $28.38. The firm has a market capitalization of $26.25 billion, a P/E ratio of 12.55, a PEG ratio of 1.18 and a beta of 1.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.26. Regions Financial Corporation has a 52 week low of $22.70 and a 52 week high of $32.47.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.05. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The business’s revenue was up .1% on a year-over-year basis. Analysts anticipate that Regions Financial Corporation will post 2.62 earnings per share for the current year.

Regions Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.30 per share. This is a boost from Regions Financial’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. Regions Financial’s payout ratio is presently 43.27%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RF. UBS Group increased their price target on Regions Financial from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Truist Financial upped their price objective on Regions Financial from $30.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. DA Davidson increased their target price on Regions Financial from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Wells Fargo & Company raised their target price on Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Regions Financial from $29.00 to $31.50 and gave the company a “neutral” rating in a report on Monday, July 6th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.21.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.