Crossmark Global Holdings Inc. Reduces Position in Regions Financial Co. (NYSE:RF)

Crossmark Global Holdings Inc. trimmed its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 8.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 496,680 shares of the bank's stock after selling 44,805 shares during the period. Crossmark Global Holdings Inc. owned 0.05% of Regions Financial worth $11,682,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. American National Bank & Trust raised its holdings in Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank's stock valued at $27,000 after acquiring an additional 1,114 shares during the last quarter. Quarry LP increased its holdings in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank's stock valued at $27,000 after purchasing an additional 816 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Regions Financial in the third quarter valued at approximately $37,000. Legacy Investment Solutions LLC purchased a new position in Regions Financial during the third quarter worth approximately $37,000. Finally, Benjamin Edwards Inc. boosted its stake in Regions Financial by 47.0% during the second quarter. Benjamin Edwards Inc. now owns 2,027 shares of the bank's stock worth $41,000 after buying an additional 648 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Up 1.9 %

RF traded up $0.45 during trading hours on Tuesday, hitting $24.65. 12,668,957 shares of the company's stock were exchanged, compared to its average volume of 9,453,009. The firm has a market cap of $22.41 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. Regions Financial Co. has a 12-month low of $17.42 and a 12-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 firm has a 50 day moving average of $25.07 and a 200 day moving average of $23.44.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1,857,300 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company's revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. Analysts predict that Regions Financial Co. will post 2.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley reiterated an "equal weight" rating and set a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Wells Fargo & Company lifted their target price on shares of Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, November 15th. Stephens raised shares of Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 price target for the company in a research note on Tuesday, October 29th. Citigroup lifted their price target on shares of Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, Argus upgraded Regions Financial from a "hold" rating to a "buy" rating and set a $26.00 price objective for the company in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, 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.