Regions Financial Co. (NYSE:RF) Stake Raised by Ballentine Partners LLC

Ballentine Partners LLC grew its holdings in shares of Regions Financial Co. (NYSE:RF) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,458 shares of the bank’s stock after purchasing an additional 420 shares during the period. Ballentine Partners LLC’s holdings in Regions Financial were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. American National Bank & Trust grew its position in Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after buying an additional 1,114 shares during the last quarter. Quarry LP grew its holdings in shares of Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after acquiring an additional 816 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Regions Financial during the third quarter worth $37,000. Legacy Investment Solutions LLC purchased a new stake in shares of Regions Financial during the third quarter valued at $37,000. Finally, Bruce G. Allen Investments LLC boosted its position in shares of Regions Financial by 163.1% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,483 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on RF. Barclays upped their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. Keefe, Bruyette & Woods upgraded Regions Financial from a “market perform” rating to an “outperform” rating and increased their target price for the company from $27.00 to $28.00 in a report on Thursday, October 31st. Finally, Piper Sandler lifted their price target on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial Stock Down 0.5 %

RF stock opened at $24.21 on Friday. 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 firm has a market cap of $22.00 billion, a PE ratio of 12.48, a PEG ratio of 1.96 and a beta of 1.21. Regions Financial Co. has a 1 year low of $17.42 and a 1 year high of $27.96. The company has a fifty day simple moving average of $25.01 and a 200 day simple moving average of $23.49.

Regions Financial (NYSE:RF) last released its quarterly earnings results 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. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1,857,300 billion. During the same quarter in the prior year, the company posted $0.39 EPS. The firm’s revenue was up .2% on a year-over-year basis. Sell-side analysts anticipate that Regions Financial Co. will post 2.29 EPS for the current fiscal year.

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.