Generali Asset Management SPA SGR Acquires 44,190 Shares of Regions Financial Corporation $RF

Generali Asset Management SPA SGR grew its holdings in shares of Regions Financial Corporation (NYSE:RF) by 953.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,826 shares of the bank’s stock after purchasing an additional 44,190 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Regions Financial were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Centaurus Financial Inc. increased its position in Regions Financial by 3.9% during the second quarter. Centaurus Financial Inc. now owns 10,230 shares of the bank’s stock worth $241,000 after buying an additional 382 shares during the last quarter. Hardy Reed LLC boosted its stake in shares of Regions Financial by 1.6% during the 2nd quarter. Hardy Reed LLC now owns 25,747 shares of the bank’s stock worth $606,000 after acquiring an additional 404 shares in the last quarter. Greenwood Capital Associates LLC increased its holdings in shares of Regions Financial by 0.6% during the 2nd quarter. Greenwood Capital Associates LLC now owns 72,400 shares of the bank’s stock valued at $1,703,000 after acquiring an additional 427 shares during the last quarter. Fairvoy Private Wealth LLC increased its holdings in shares of Regions Financial by 1.9% during the 3rd quarter. Fairvoy Private Wealth LLC now owns 23,670 shares of the bank’s stock valued at $624,000 after acquiring an additional 449 shares during the last quarter. Finally, Signet Financial Management LLC raised its stake in shares of Regions Financial by 4.6% in the 2nd quarter. Signet Financial Management LLC now owns 10,896 shares of the bank’s stock valued at $256,000 after acquiring an additional 483 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on RF shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Regions Financial in a report on Monday, December 29th. Morgan Stanley set a $32.00 price objective on shares of Regions Financial in a report on Monday, September 29th. Stephens reiterated an “equal weight” rating and issued a $27.00 target price (down previously from $30.00) on shares of Regions Financial in a report on Tuesday, October 14th. Cowen reissued a “buy” rating on shares of Regions Financial in a research report on Tuesday, October 21st. Finally, Keefe, Bruyette & Woods upped their price target on shares of Regions Financial from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $28.21.

Regions Financial Price Performance

NYSE:RF opened at $27.56 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.81. Regions Financial Corporation has a one year low of $17.74 and a one year high of $27.98. The company has a fifty day moving average price of $25.89 and a 200 day moving average price of $25.63. The stock has a market cap of $24.16 billion, a P/E ratio of 12.14, a PEG ratio of 1.12 and a beta of 1.03.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. The company had revenue of $1.81 billion for the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. Analysts anticipate that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were given a $0.265 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.8%. Regions Financial’s dividend payout ratio (DPR) is currently 46.70%.

Regions Financial declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 10th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the bank to purchase up to 12.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

About Regions Financial

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.