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Donoghue Forlines LLC Buys New Stake in Regions Financial Co. (NYSE:RF)

Regions Financial logo with Finance background

Donoghue Forlines LLC bought a new position in shares of Regions Financial Co. (NYSE:RF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 61,721 shares of the bank's stock, valued at approximately $1,452,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its position in shares of Regions Financial by 12.8% during the 4th 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 last quarter. SG Americas Securities LLC raised its position in shares of Regions Financial by 195.1% during the fourth quarter. SG Americas Securities LLC now owns 133,514 shares of the bank's stock worth $3,140,000 after purchasing an additional 88,274 shares during the period. Viking Fund Management LLC raised its position in shares of Regions Financial by 100.0% during the fourth quarter. Viking Fund Management LLC now owns 6,000 shares of the bank's stock worth $141,000 after purchasing an additional 3,000 shares during the period. Planned Solutions Inc. lifted its holdings in shares of Regions Financial by 8.3% during the fourth quarter. Planned Solutions Inc. now owns 10,919 shares of the bank's stock valued at $257,000 after purchasing an additional 835 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its position in shares of Regions Financial by 4.5% in the 4th quarter. Atomi Financial Group Inc. now owns 31,772 shares of the bank's stock valued at $747,000 after purchasing an additional 1,379 shares during the period. Institutional investors own 79.39% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on RF. Citigroup raised their target price on shares of Regions Financial from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $27.00 to $28.00 in a research report on Thursday, October 31st. Wedbush increased their target price on Regions Financial from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, October 21st. 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. Finally, Compass Point upped their price target on Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. One 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $27.67.

Get Our Latest Research Report on RF

Regions Financial Stock Down 0.5 %

Shares of Regions Financial stock traded down $0.12 during midday trading on Thursday, reaching $24.21. 5,116,156 shares of the company's stock traded hands, compared to its average volume of 9,126,183. The company has a market cap of $22.00 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 1.96 and a beta of 1.21. Regions Financial Co. has a 52 week low of $17.42 and a 52 week high of $27.96. The company's 50 day simple moving average is $25.01 and its 200 day simple moving average is $23.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1,857,300 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm's revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. Equities analysts expect that Regions Financial Co. will post 2.29 earnings per share for the current fiscal year.

Regions Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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