Pacer Advisors Inc. increased its position in Regions Financial Co. (NYSE:RF - Free Report) by 51.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,951 shares of the bank's stock after acquiring an additional 35,099 shares during the period. Pacer Advisors Inc.'s holdings in Regions Financial were worth $2,421,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of RF. American National Bank & Trust raised its holdings in shares of Regions Financial by 1,856.7% during the third quarter. American National Bank & Trust now owns 1,174 shares of the bank's stock valued at $27,000 after buying an additional 1,114 shares during the last quarter. Quarry LP raised its stake in Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank's stock valued at $27,000 after acquiring an additional 816 shares in the last quarter. Truvestments Capital LLC acquired a new position in Regions Financial during the 3rd quarter worth $37,000. Legacy Investment Solutions LLC bought a new position in shares of Regions Financial in the third quarter worth $37,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of Regions Financial by 163.1% during the third quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank's stock valued at $56,000 after purchasing an additional 1,483 shares during the period. 79.39% of the stock is currently owned by institutional investors.
Regions Financial Stock Performance
Regions Financial stock opened at $24.61 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market cap of $22.36 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. Regions Financial Co. has a fifty-two week low of $17.42 and a fifty-two week high of $27.96. The firm's 50 day simple moving average is $24.79 and its 200-day simple moving average is $23.65.
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, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $0.39 EPS. The company's revenue was up .2% on a year-over-year basis. As a group, equities research analysts predict that Regions Financial Co. will post 2.27 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on RF. Compass Point upped their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $32.00 price target (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a "hold" rating to a "buy" rating and raised their price objective for the company from $24.00 to $26.00 in a research note on Thursday, October 24th. Piper Sandler upped their target price on Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group lifted their price target on Regions Financial from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Regions Financial currently has an average rating of "Moderate Buy" and a consensus price target of $27.67.
Get Our Latest Stock Report on RF
About Regions Financial
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Regions Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Regions Financial wasn't on the list.
While Regions Financial currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
