Union Bancaire Privee UBP SA Makes New Investment in Regions Financial Co. (NYSE:RF)

Union Bancaire Privee UBP SA purchased a new stake in shares of Regions Financial Co. (NYSE:RF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,900 shares of the bank’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RF. American National Bank & Trust increased its stake in Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after buying an additional 1,114 shares during the period. Quarry LP increased its stake in shares of Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after acquiring an additional 816 shares during the period. Truvestments Capital LLC bought a new stake in Regions Financial during the third quarter worth approximately $37,000. Legacy Investment Solutions LLC acquired a new stake in Regions Financial in the third quarter worth approximately $37,000. Finally, Bruce G. Allen Investments LLC boosted its stake in Regions Financial by 163.1% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,483 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Trading Down 0.5 %

Regions Financial stock opened at $24.64 on Thursday. The business has a 50 day moving average price of $24.86 and a two-hundred day moving average price of $23.63. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 12 month low of $17.42 and a 12 month high of $27.96. The stock has a market cap of $22.39 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion during 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%. Regions Financial’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $0.39 earnings per share. As a group, equities analysts forecast that Regions Financial Co. will post 2.27 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a report on Tuesday, October 29th. Barclays raised their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Compass Point raised their target price 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. Finally, The Goldman Sachs Group upped their price target on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Regions Financial has a consensus rating of “Moderate Buy” and an average price target of $27.67.

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.