Tectonic Advisors LLC Acquires 1,887 Shares of Regions Financial Co. (NYSE:RF)

Tectonic Advisors LLC raised its stake in shares of Regions Financial Co. (NYSE:RF) by 10.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 20,421 shares of the bank’s stock after purchasing an additional 1,887 shares during the period. Tectonic Advisors LLC’s holdings in Regions Financial were worth $480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd grew its holdings in Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after buying an additional 634 shares in the last quarter. Truvestments Capital LLC purchased a new position in Regions Financial during the 3rd quarter worth $37,000. Legacy Investment Solutions LLC bought a new stake in shares of Regions Financial in the 3rd quarter worth $37,000. Quarry LP raised its holdings in shares of Regions Financial by 29.5% in the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after purchasing an additional 394 shares during the last quarter. Finally, Bruce G. Allen Investments LLC boosted its holdings in Regions Financial by 163.1% during the third quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank’s stock worth $56,000 after purchasing an additional 1,483 shares during the last quarter. 79.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on RF. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. DA Davidson increased their price target on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Thursday, October 24th. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods upgraded Regions Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $27.00 to $28.00 in a research report on Thursday, October 31st. One research 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Stock Down 0.1 %

RF opened at $24.35 on Thursday. Regions Financial Co. has a 12 month low of $17.42 and a 12 month high of $27.96. 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 business’s 50-day moving average price is $24.61 and its 200-day moving average price is $23.72. The company has a market cap of $22.13 billion, a P/E ratio of 12.55, a P/E/G ratio of 1.97 and a beta of 1.20.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. On average, equities analysts expect that Regions Financial Co. will post 2.27 EPS 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.