Nisa Investment Advisors LLC Sells 14,408 Shares of Regions Financial Co. (NYSE:RF)

Nisa Investment Advisors LLC decreased its position in shares of Regions Financial Co. (NYSE:RF) by 4.5% in the 4th quarter, Holdings Channel reports. The fund owned 308,300 shares of the bank’s stock after selling 14,408 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Regions Financial were worth $7,328,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in RF. American National Bank & Trust lifted its position in shares of Regions Financial by 1,856.7% during the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after acquiring an additional 1,114 shares in the last quarter. Quarry LP boosted its stake 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 purchasing an additional 816 shares during the period. Truvestments Capital LLC bought a new stake in shares of Regions Financial during the third quarter valued at about $37,000. Legacy Investment Solutions LLC purchased a new stake in shares of Regions Financial in the third quarter worth about $37,000. Finally, Bruce G. Allen Investments LLC grew its stake 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 valued at $56,000 after acquiring an additional 1,483 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

Shares of Regions Financial stock opened at $24.48 on Friday. The stock has a market capitalization of $22.25 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. Regions Financial Co. has a one year low of $17.42 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The business’s 50 day simple moving average is $24.93 and its two-hundred day simple moving average is $23.52.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1,857,300 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. Regions Financial’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. Analysts forecast that Regions Financial Co. will post 2.27 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Barclays upped 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. Wells Fargo & Company lifted their price target on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. The Goldman Sachs Group upped their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Compass Point lifted their target price on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.