Regions Financial Co. (NYSE:RF) Stock Position Boosted by CX Institutional

CX Institutional increased its stake in Regions Financial Co. (NYSE:RF) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,821 shares of the bank’s stock after acquiring an additional 599 shares during the period. CX Institutional’s holdings in Regions Financial were worth $419,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RF. Impact Partnership Wealth LLC bought a new position in Regions Financial during the 4th quarter valued at $592,000. Red Door Wealth Management LLC boosted its stake in shares of Regions Financial by 8.1% during the 4th quarter. Red Door Wealth Management LLC now owns 41,979 shares of the bank’s stock worth $987,000 after acquiring an additional 3,136 shares in the last quarter. Donoghue Forlines LLC purchased a new position in Regions Financial in the 4th quarter worth about $1,452,000. Janney Montgomery Scott LLC raised its holdings in shares of Regions Financial by 12.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 75,504 shares of the bank’s stock valued at $1,776,000 after acquiring an additional 8,579 shares during the period. Finally, SG Americas Securities LLC raised its stake in Regions Financial by 195.1% during the 4th quarter. SG Americas Securities LLC now owns 133,514 shares of the bank’s stock valued at $3,140,000 after purchasing an additional 88,274 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Price Performance

Shares of Regions Financial stock opened at $24.48 on Friday. Regions Financial Co. has a 1-year low of $17.42 and a 1-year 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 stock has a market capitalization of $22.25 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.94 and a beta of 1.21. The firm has a fifty day simple moving average of $24.93 and a 200-day simple moving average of $23.55.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating 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 firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1,857,300 billion. During the same period in the prior year, the firm earned $0.39 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts expect that Regions Financial Co. will post 2.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RF shares. Truist Financial raised their price objective on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Compass Point raised their price target on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. Piper Sandler lifted their target price on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods raised shares of Regions Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.