Nisa Investment Advisors LLC Cuts Stock Position in Regions Financial Co. (NYSE:RF)

Nisa Investment Advisors LLC lowered its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,300 shares of the bank's stock after selling 14,408 shares during the period. Nisa Investment Advisors LLC's holdings in Regions Financial were worth $7,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of RF. American National Bank & Trust raised its holdings in shares of Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank's stock worth $27,000 after acquiring an additional 1,114 shares in the last quarter. Quarry LP increased its position in Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank's stock worth $27,000 after purchasing an additional 816 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Regions Financial during the third quarter valued at $37,000. Legacy Investment Solutions LLC bought a new position in Regions Financial during the third quarter valued at $37,000. Finally, Bruce G. Allen Investments LLC grew its stake 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 worth $56,000 after buying an additional 1,483 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company's stock.

Regions Financial Stock Performance

Shares of RF traded up $0.22 during trading hours on Friday, reaching $24.48. 5,209,577 shares of the company traded hands, compared to its average volume of 7,380,478. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average price of $24.93 and a 200-day moving average price of $23.52. Regions Financial Co. has a 12-month low of $17.42 and a 12-month high of $27.96. The stock has a market capitalization of $22.25 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.94 and a beta of 1.21.

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

Analyst Upgrades and Downgrades

RF has been the topic of several recent analyst reports. Compass Point increased their target price on shares of Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Wells Fargo & Company raised their price objective 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. Truist Financial upped their target price on Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday. DA Davidson raised their price target on Regions Financial from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Finally, Wedbush upped their price objective on Regions Financial from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.67.

Regions Financial Company 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.