CX Institutional Acquires 599 Shares of Regions Financial Co. (NYSE:RF)

CX Institutional grew its position in shares of Regions Financial Co. (NYSE:RF) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,821 shares of the bank’s stock after buying an additional 599 shares during the quarter. CX Institutional’s holdings in Regions Financial were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Quarry LP boosted its stake in Regions Financial by 29.5% in the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after purchasing an additional 394 shares in the last quarter. Ballentine Partners LLC lifted its position in Regions Financial by 2.5% during the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock worth $411,000 after buying an additional 420 shares in the last quarter. Private Advisor Group LLC grew its holdings in Regions Financial by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after acquiring an additional 429 shares during the last quarter. CWM LLC increased its position in Regions Financial by 1.1% in the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after acquiring an additional 480 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its stake in shares of Regions Financial by 2.4% in the third quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock worth $515,000 after acquiring an additional 506 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup increased their price target on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted their target price on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and upped their price target for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. Compass Point raised their price target on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Piper Sandler upped their target price on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Regions Financial presently has an average rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Price Performance

RF opened at $24.48 on Friday. The stock has a market cap of $22.25 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.94 and a beta of 1.21. Regions Financial Co. has a 12 month low of $17.42 and a 12 month high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $24.93 and a 200 day simple moving average of $23.55.

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

About Regions Financial

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.