Regions Financial Co. (NYSE:RF) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. decreased its stake in shares of Regions Financial Co. (NYSE:RF) by 10.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 82,487 shares of the bank’s stock after selling 9,439 shares during the quarter. Foster & Motley Inc.’s holdings in Regions Financial were worth $1,940,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP increased its stake in Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after buying an additional 394 shares during the period. Ballentine Partners LLC grew its stake in shares of Regions Financial by 2.5% in the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock worth $411,000 after purchasing an additional 420 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Regions Financial by 1.8% in the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after purchasing an additional 429 shares during the last quarter. CWM LLC grew its stake in shares of Regions Financial by 1.1% in the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock worth $988,000 after purchasing an additional 480 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in shares of Regions Financial by 2.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock worth $515,000 after purchasing an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on RF. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Thursday, October 24th. Compass Point lifted their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. DA Davidson raised their target price on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 21st. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Regions Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial Price Performance

NYSE RF opened at $24.77 on Friday. 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 stock has a market capitalization of $22.51 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. The company has a 50 day moving average price of $24.83 and a two-hundred day moving average price of $23.64. Regions Financial Co. has a 12-month low of $17.42 and a 12-month high of $27.96.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts predict that Regions Financial Co. will post 2.27 earnings per share for the current fiscal 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.