145,119 Shares in Regions Financial Co. (NYSE:RF) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC bought a new stake in Regions Financial Co. (NYSE:RF) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 145,119 shares of the bank’s stock, valued at approximately $3,413,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AMF Tjanstepension AB purchased a new position in Regions Financial in the 3rd quarter valued at approximately $6,281,000. CWM LLC increased its position in shares of 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. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Regions Financial by 445.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,062 shares of the bank’s stock worth $211,000 after buying an additional 7,400 shares during the last quarter. Ritholtz Wealth Management boosted its position in shares of Regions Financial by 4.0% in the 3rd quarter. Ritholtz Wealth Management now owns 17,926 shares of the bank’s stock worth $418,000 after buying an additional 697 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in Regions Financial by 7,751.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 114,393 shares of the bank’s stock valued at $2,669,000 after acquiring an additional 112,936 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Price Performance

RF stock opened at $24.09 on Tuesday. The company has a market capitalization of $21.89 billion, a PE ratio of 12.42, a P/E/G ratio of 1.97 and a beta of 1.20. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $24.45 and its two-hundred day moving average is $23.77. Regions Financial Co. has a 52-week low of $17.61 and a 52-week high of $27.96.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. Analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on RF. Barclays lifted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. The Goldman Sachs Group lifted their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Compass Point upped their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Truist Financial raised their price target on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Regions Financial currently has an average rating of “Moderate Buy” and an average price target of $27.67.

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.