Epoch Investment Partners Inc. Has $54.89 Million Stake in Regions Financial Co. (NYSE:RF)

Epoch Investment Partners Inc. cut its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 2.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,333,908 shares of the bank's stock after selling 57,050 shares during the period. Epoch Investment Partners Inc. owned 0.26% of Regions Financial worth $54,894,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in RF. Ballentine Partners LLC raised its holdings in Regions Financial by 2.5% in the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock valued at $411,000 after buying an additional 420 shares during the period. Prossimo Advisors LLC raised its stake in shares of Regions Financial by 2.3% in the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock valued at $453,000 after purchasing an additional 430 shares in the last quarter. Greenleaf Trust raised its stake in Regions Financial by 1.8% during the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock valued at $573,000 after buying an additional 436 shares in the last quarter. Lake Street Advisors Group LLC lifted its stake in Regions Financial by 2.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after purchasing an additional 436 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Regions Financial by 0.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 70,822 shares of the bank's stock worth $1,666,000 after buying an additional 529 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Regions Financial

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of Regions Financial stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. The trade was a 15.15 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by company insiders.

Regions Financial Price Performance

Shares of Regions Financial stock traded up $0.52 during midday trading on Thursday, hitting $20.54. 8,694,614 shares of the company were exchanged, compared to its average volume of 9,481,614. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $21.32 and a 200-day simple moving average of $23.49. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The firm has a market cap of $18.60 billion, a P/E ratio of 10.59, a PEG ratio of 1.93 and a beta of 1.01.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same quarter last year, the business posted $0.37 earnings per share. Research analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 4.87%. Regions Financial's dividend payout ratio is currently 48.08%.

Wall Street Analysts Forecast Growth

RF has been the topic of several recent research reports. Barclays cut their price target on Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a report on Monday. Morgan Stanley reduced their price target on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Citigroup decreased their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Truist Financial decreased their price target on shares of Regions Financial from $24.00 to $21.00 and set a "hold" rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group reduced their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Regions Financial currently has an average rating of "Moderate Buy" and an average target price of $25.53.

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.