Regions Financial Co. (NYSE:RF) Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC reduced its stake in shares of Regions Financial Co. (NYSE:RF) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,279 shares of the bank’s stock after selling 5,380 shares during the quarter. HB Wealth Management LLC’s holdings in Regions Financial were worth $2,147,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. State Street Corp lifted its stake in shares of Regions Financial by 16.3% in the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock valued at $1,306,813,000 after purchasing an additional 7,791,399 shares during the period. National Bank of Canada FI increased its holdings in Regions Financial by 575.8% in the third quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock valued at $39,784,000 after buying an additional 1,452,956 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Regions Financial by 13.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock worth $201,238,000 after acquiring an additional 1,014,706 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Regions Financial by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank’s stock worth $648,269,000 after acquiring an additional 816,226 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Regions Financial during the 3rd quarter valued at about $17,589,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RF. Citigroup upped their price target on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Wedbush upped their target price on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Evercore ISI lifted their price target on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research note on Wednesday, October 2nd. Morgan Stanley restated an “equal weight” rating and set a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Finally, DA Davidson lifted their target price on shares of Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Stock Down 1.2 %

Shares of RF opened at $24.24 on Monday. Regions Financial Co. has a 52-week low of $17.42 and a 52-week high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $25.11 and a two-hundred day simple moving average of $23.41. The company has a market capitalization of $22.03 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 2.21 and a beta of 1.21.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1,857,300 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. Regions Financial’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $0.39 earnings per share. As a group, equities analysts forecast that Regions Financial Co. will post 2.07 EPS for the current year.

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.