Y.D. More Investments Ltd Boosts Stake in Regions Financial Co. (NYSE:RF)

Y.D. More Investments Ltd raised its position in Regions Financial Co. (NYSE:RF) by 122.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,150 shares of the bank’s stock after purchasing an additional 634 shares during the quarter. Y.D. More Investments Ltd’s holdings in Regions Financial were worth $27,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after acquiring an additional 394 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Regions Financial by 2.5% during the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock worth $411,000 after purchasing an additional 420 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Regions Financial by 1.8% during the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after purchasing an additional 429 shares in the last quarter. Greenleaf Trust increased its holdings in Regions Financial by 1.8% in 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 during the last quarter. Finally, CWM LLC raised its stake in Regions Financial by 1.1% in the third quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after buying an additional 480 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Trading Up 1.3 %

Shares of RF stock opened at $24.64 on Friday. Regions Financial Co. has a twelve month low of $17.42 and a twelve month high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $24.55 and its two-hundred day moving average is $23.73. The company has a market capitalization of $22.39 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on RF shares. DA Davidson upped their price objective on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Truist Financial upped their price target on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, January 21st. Barclays raised their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Wells Fargo & Company upped their target price on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods upgraded shares of Regions Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $27.00 to $28.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial 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.