Regions Financial Co. (NYSE:RF) Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC reduced its stake in Regions Financial Co. (NYSE:RF) by 5.6% during the 4th quarter, Holdings Channel reports. The fund owned 91,279 shares of the bank’s stock after selling 5,380 shares during the quarter. HB Wealth Management LLC’s holdings in Regions Financial were worth $2,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RF. Merit Financial Group LLC acquired a new stake in Regions Financial in the 4th quarter valued at about $263,000. Avanza Fonder AB purchased a new stake in shares of Regions Financial during the fourth quarter worth approximately $1,879,000. Wealthcare Advisory Partners LLC raised its holdings in Regions Financial by 0.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 70,822 shares of the bank’s stock valued at $1,666,000 after acquiring an additional 529 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Regions Financial by 10.6% in the fourth quarter. Park Avenue Securities LLC now owns 69,189 shares of the bank’s stock worth $1,627,000 after acquiring an additional 6,633 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Regions Financial by 2,309.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 653,963 shares of the bank’s stock worth $15,381,000 after acquiring an additional 626,820 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Stock Performance

Shares of RF stock opened at $24.24 on Monday. Regions Financial Co. has a 52-week low of $17.42 and a 52-week high of $27.96. The stock’s 50-day moving average price is $25.11 and its 200 day moving average price is $23.41. 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 stock has a market capitalization of $22.03 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 2.21 and a beta of 1.21.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1,857,300 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. As a group, equities research analysts forecast that Regions Financial Co. will post 2.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RF shares. Truist Financial raised shares of Regions Financial to a “hold” rating in a research report on Monday, January 6th. Stephens raised 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. Wedbush increased their price objective on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Barclays boosted their target price on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. Finally, Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Regions Financial presently has an average rating of “Moderate Buy” and a consensus 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.