Swedbank AB Has $21.74 Million Position in Regions Financial Co. (NYSE:RF)

Swedbank AB increased its holdings in shares of Regions Financial Co. (NYSE:RF) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 924,261 shares of the bank’s stock after acquiring an additional 19,590 shares during the quarter. Swedbank AB’s holdings in Regions Financial were worth $21,739,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Foster Victor Wealth Advisors LLC increased its holdings in shares of Regions Financial by 3.3% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 288,359 shares of the bank’s stock worth $6,978,000 after purchasing an additional 9,184 shares during the period. Perigon Wealth Management LLC increased its stake in Regions Financial by 407.2% during the fourth quarter. Perigon Wealth Management LLC now owns 93,465 shares of the bank’s stock valued at $2,292,000 after acquiring an additional 75,038 shares during the period. BankPlus Wealth Management LLC bought a new stake in shares of Regions Financial in the 4th quarter worth approximately $256,000. Foundations Investment Advisors LLC grew its holdings in shares of Regions Financial by 74.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 21,879 shares of the bank’s stock worth $515,000 after purchasing an additional 9,371 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Regions Financial by 51.7% during the fourth quarter. Pacer Advisors Inc. now owns 102,951 shares of the bank’s stock valued at $2,421,000 after purchasing an additional 35,099 shares during the period. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Up 0.8 %

Shares of NYSE:RF opened at $24.77 on Friday. 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 stock has a market cap of $22.51 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 1.94 and a beta of 1.21. The company has a 50 day moving average of $24.83 and a 200-day moving average of $23.64. Regions Financial Co. has a one year low of $17.42 and a one year high of $27.96.

Regions Financial (NYSE:RF) last issued 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 analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company posted $0.39 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts forecast that Regions Financial Co. will post 2.27 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on RF shares. Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $27.00 to $28.00 in a research report on Thursday, October 31st. Citigroup lifted their target price on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. The Goldman Sachs Group increased their price target 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. Wells Fargo & Company lifted their price objective on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Finally, DA Davidson upped their price objective on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, October 21st. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.