Regions Financial Co. (NYSE:RF) Stock Holdings Lifted by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC boosted its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 87.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 88,860 shares of the bank's stock after acquiring an additional 41,504 shares during the period. Regions Financial accounts for about 0.8% of Duncan Williams Asset Management LLC's investment portfolio, making the stock its 25th largest position. Duncan Williams Asset Management LLC's holdings in Regions Financial were worth $2,090,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RF. Citigroup Inc. raised its position in shares of Regions Financial by 20.0% in the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank's stock valued at $35,445,000 after buying an additional 253,708 shares during the last quarter. Aprio Wealth Management LLC purchased a new stake in Regions Financial in the 4th quarter worth approximately $1,247,000. Nordea Investment Management AB raised its holdings in Regions Financial by 60.4% in the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank's stock valued at $6,220,000 after acquiring an additional 99,115 shares during the last quarter. Commerce Bank lifted its stake in shares of Regions Financial by 392.5% during the 3rd quarter. Commerce Bank now owns 248,325 shares of the bank's stock worth $5,793,000 after purchasing an additional 197,900 shares during the period. Finally, National Pension Service boosted its holdings in shares of Regions Financial by 6.3% during the third quarter. National Pension Service now owns 1,722,024 shares of the bank's stock worth $40,175,000 after purchasing an additional 102,380 shares during the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RF has been the topic of several recent analyst reports. Barclays increased their target price on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research report on Monday, January 6th. 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 research report on Thursday, November 21st. Truist Financial upped their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, January 21st. Wedbush lifted their price target on shares of Regions Financial from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group upped their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Regions Financial currently has a consensus rating of "Moderate Buy" and an average target price of $27.67.

Regions Financial Stock Up 0.9 %

RF stock traded up $0.22 during trading on Friday, reaching $24.48. The stock had a trading volume of 5,209,577 shares, compared to its average volume of 7,380,478. The firm has a fifty day moving average price of $24.93 and a 200 day moving average price of $23.55. 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 company has a market capitalization of $22.25 billion, a P/E ratio of 12.62, a PEG ratio of 1.94 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.

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 firm had revenue of $1.82 billion during 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%. Regions Financial's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. On average, equities analysts anticipate that Regions Financial Co. will post 2.27 earnings per share for the current 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.