Mediolanum International Funds Ltd Acquires New Position in Regions Financial Co. (NYSE:RF)

Mediolanum International Funds Ltd acquired a new stake in Regions Financial Co. (NYSE:RF) in the 4th quarter, Holdings Channel reports. The fund acquired 63,371 shares of the bank’s stock, valued at approximately $1,496,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RF. Quarry LP increased its holdings in 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 buying an additional 816 shares during the period. Truvestments Capital LLC acquired a new position in Regions Financial in the 3rd quarter worth approximately $37,000. Legacy Investment Solutions LLC acquired a new position in Regions Financial in the 3rd quarter worth approximately $37,000. Bruce G. Allen Investments LLC increased its holdings in Regions Financial by 163.1% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank’s stock worth $56,000 after buying an additional 1,483 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Regions Financial in the 3rd quarter worth approximately $56,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Trading Down 0.7 %

Shares of RF stock opened at $24.61 on Monday. The stock’s fifty day moving average is $24.74 and its two-hundred day moving average is $23.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The firm 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 1.21. Regions Financial Co. has a fifty-two week low of $17.42 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. Research analysts expect that Regions Financial Co. will post 2.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. The Goldman Sachs Group raised their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Finally, Wedbush raised their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.67.

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.