79,897 Shares in Regions Financial Co. (NYSE:RF) Acquired by Avanza Fonder AB

Avanza Fonder AB acquired a new stake in Regions Financial Co. (NYSE:RF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 79,897 shares of the bank’s stock, valued at approximately $1,879,000.

A number of other hedge funds also recently made changes to their positions in the company. American National Bank & Trust increased its position 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 worth $27,000 after acquiring an additional 1,114 shares during the last quarter. Quarry LP lifted its position in shares of Regions Financial by 157.2% during 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 acquired a new position in Regions Financial in the third quarter worth about $37,000. Legacy Investment Solutions LLC acquired a new position in Regions Financial in the third quarter worth about $37,000. Finally, Benjamin Edwards Inc. increased its holdings in Regions Financial by 47.0% in the second quarter. Benjamin Edwards Inc. now owns 2,027 shares of the bank’s stock valued at $41,000 after buying an additional 648 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of RF opened at $24.24 on Friday. The firm has a market capitalization of $22.03 billion, a PE ratio of 13.69, a P/E/G ratio of 2.21 and a beta of 1.21. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $25.11 and a 200 day moving average price of $23.39. Regions Financial Co. has a 52-week low of $17.42 and a 52-week high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1,857,300 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. On average, sell-side analysts anticipate that Regions Financial Co. will post 2.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Evercore ISI lifted their price objective on shares of Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a report on Wednesday, October 2nd. Compass Point increased their target price 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. DA Davidson lifted their price target on shares of Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Citigroup boosted their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Regions Financial currently has an average rating of “Moderate Buy” and an average price target 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.