Regions Financial Co. (NYSE:RF) Shares Purchased by Y.D. More Investments Ltd

Y.D. More Investments Ltd boosted its holdings in Regions Financial Co. (NYSE:RF) by 122.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,150 shares of the bank’s stock after acquiring an additional 634 shares during the quarter. Y.D. More Investments Ltd’s holdings in Regions Financial were worth $27,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of Regions Financial in the 3rd quarter valued at about $37,000. Legacy Investment Solutions LLC acquired a new position in Regions Financial during the third quarter worth about $37,000. Quarry LP increased its holdings in Regions Financial by 29.5% in the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after buying an additional 394 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in shares of 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 acquiring an additional 1,483 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Regions Financial during the 3rd quarter worth approximately $56,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RF has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective 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. Truist Financial raised their price target on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Barclays raised their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group upped their price target on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Stock Up 1.3 %

Shares of NYSE:RF opened at $24.64 on Friday. The stock’s 50-day moving average price is $24.55 and its two-hundred day moving average price is $23.73. The company has a current ratio of 0.84, a quick ratio of 0.83 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 firm has a market cap of $22.39 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.97 and a beta of 1.20.

Regions Financial (NYSE:RF) last released its 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 net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, research analysts forecast that Regions Financial Co. will post 2.27 EPS for the current 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.