Exchange Traded Concepts LLC Has $2.94 Million Stock Position in Regions Financial Co. (NYSE:RF)

Exchange Traded Concepts LLC raised its stake in Regions Financial Co. (NYSE:RF - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 124,884 shares of the bank's stock after buying an additional 10,491 shares during the quarter. Exchange Traded Concepts LLC's holdings in Regions Financial were worth $2,937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP boosted its position in Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank's stock worth $40,000 after acquiring an additional 394 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Regions Financial by 2.5% during the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock worth $411,000 after purchasing an additional 420 shares during the last quarter. Private Advisor Group LLC grew its position in Regions Financial by 1.8% in the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank's stock valued at $581,000 after purchasing an additional 429 shares in the last quarter. CWM LLC increased its stake in Regions Financial by 1.1% in the 3rd quarter. CWM LLC now owns 42,346 shares of the bank's stock valued at $988,000 after buying an additional 480 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in Regions Financial by 2.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank's stock worth $515,000 after buying an additional 506 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RF shares. Stephens raised Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 target price on the stock in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised Regions Financial from a "hold" rating to a "buy" rating and boosted their price target for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. Citigroup increased their price objective on Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Argus upgraded shares of Regions Financial from a "hold" rating to a "buy" rating and set a $26.00 price target for the company in a research note on Thursday, October 24th. Finally, Piper Sandler boosted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. One investment 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's stock. According to data from MarketBeat, Regions Financial has an average rating of "Moderate Buy" and an average target price of $27.67.

Regions Financial Stock Performance

Shares of Regions Financial stock traded up $0.22 during trading on Friday, reaching $24.48. The company's stock had a trading volume of 5,209,577 shares, compared to its average volume of 7,380,478. Regions Financial Co. has a 52 week low of $17.42 and a 52 week high of $27.96. The firm has a market cap of $22.25 billion, a PE ratio of 12.62, a P/E/G ratio of 1.94 and a beta of 1.21. The business's 50-day moving average price is $24.93 and its 200-day moving average price is $23.57. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. 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 business posted $0.39 EPS. The business's revenue was up .2% compared to the same quarter last year. Equities analysts forecast that Regions Financial Co. will post 2.27 earnings per share for the current year.

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.