Swedbank AB Boosts Position in Regions Financial Co. (NYSE:RF)

Swedbank AB raised its position in Regions Financial Co. (NYSE:RF - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 924,261 shares of the bank's stock after buying an additional 19,590 shares during the period. Swedbank AB owned 0.10% of Regions Financial worth $21,739,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. State Street Corp increased its stake in shares of Regions Financial by 16.3% during the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank's stock worth $1,306,813,000 after purchasing an additional 7,791,399 shares during the last quarter. National Bank of Canada FI grew its holdings in Regions Financial by 575.8% during the third quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank's stock valued at $39,784,000 after purchasing an additional 1,452,956 shares during the period. Allspring Global Investments Holdings LLC increased its position in Regions Financial by 13.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank's stock worth $201,238,000 after buying an additional 1,014,706 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Regions Financial by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank's stock valued at $648,269,000 after buying an additional 816,226 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Regions Financial during the 3rd quarter valued at $17,589,000. Institutional investors own 79.39% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on RF. Citigroup lifted their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. The Goldman Sachs Group upped their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Piper Sandler lifted their target price on shares of Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a "hold" rating to a "buy" rating and increased their price target for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. Finally, Barclays lifted their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Regions Financial has a consensus rating of "Moderate Buy" and a consensus price target of $27.67.

Regions Financial Trading Down 0.7 %

Regions Financial stock traded down $0.17 during trading hours on Friday, reaching $24.61. The company had a trading volume of 13,614,425 shares, compared to its average volume of 8,816,662. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a 12-month low of $17.42 and a 12-month high of $27.96. The company has a 50-day moving average price of $24.79 and a 200 day moving average price of $23.65. The firm has a market cap of $22.36 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 1.97 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, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 earnings per share. Equities analysts forecast 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.