Holistic Planning LLC Has $362,000 Stock Holdings in Regions Financial Co. (NYSE:RF)

Holistic Planning LLC increased its position in shares of Regions Financial Co. (NYSE:RF) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,407 shares of the bank’s stock after buying an additional 992 shares during the quarter. Holistic Planning LLC’s holdings in Regions Financial were worth $362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RF. Quarry LP raised its holdings in shares of Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after acquiring an additional 816 shares during the last quarter. Truvestments Capital LLC bought a new stake in Regions Financial during the 3rd quarter worth approximately $37,000. Legacy Investment Solutions LLC purchased a new stake in shares of Regions Financial in the third quarter worth approximately $37,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Regions Financial by 163.1% in 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Regions Financial during the third quarter valued at approximately $56,000. Institutional investors own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. DA Davidson increased their price target on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $27.00 to $28.00 in a report on Thursday, October 31st. Stephens raised shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a research report on Tuesday, October 29th. Wells Fargo & Company lifted their target price on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $24.00 to $26.00 in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial Stock Performance

Shares of RF stock opened at $24.61 on Monday. 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 $22.36 billion, a P/E ratio of 12.68, a PEG ratio of 1.97 and a beta of 1.20. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $24.74 and its 200 day moving average is $23.68.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.86 billion. During the same quarter in the prior year, the business posted $0.39 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate 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.