Vest Financial LLC Buys 250,729 Shares of Regions Financial Co. (NYSE:RF)

Vest Financial LLC increased its position in shares of Regions Financial Co. (NYSE:RF) by 20.4% during the fourth quarter, HoldingsChannel reports. The fund owned 1,479,865 shares of the bank’s stock after buying an additional 250,729 shares during the quarter. Vest Financial LLC’s holdings in Regions Financial were worth $34,806,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Citigroup Inc. raised its holdings in Regions Financial by 20.0% in the 3rd quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock valued at $35,445,000 after buying an additional 253,708 shares during the last quarter. Aprio Wealth Management LLC bought a new position in Regions Financial during the 4th quarter worth $1,247,000. Nordea Investment Management AB increased its stake in shares of Regions Financial by 60.4% in the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock valued at $6,220,000 after buying an additional 99,115 shares during the period. Commerce Bank increased its stake in shares of Regions Financial by 392.5% in the third quarter. Commerce Bank now owns 248,325 shares of the bank’s stock valued at $5,793,000 after buying an additional 197,900 shares during the period. Finally, National Pension Service lifted its stake in shares of Regions Financial by 6.3% in the third quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock worth $40,175,000 after acquiring an additional 102,380 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on RF. Compass Point raised their price target 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. Truist Financial boosted their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $24.00 to $26.00 in a research note on Thursday, October 24th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. One equities 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Trading Down 0.8 %

Shares of Regions Financial stock opened at $24.45 on Friday. 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 stock has a fifty day simple moving average of $24.50 and a 200 day simple moving average of $23.73. Regions Financial Co. has a 12-month low of $17.61 and a 12-month high of $27.96. The company has a market capitalization of $22.22 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. The firm’s revenue for the quarter 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 fiscal year.

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.