Mitchell Mcleod Pugh & Williams Inc. Sells 8,800 Shares of Regions Financial Co. (NYSE:RF)

Mitchell Mcleod Pugh & Williams Inc. lessened its holdings in Regions Financial Co. (NYSE:RF) by 12.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,736 shares of the bank’s stock after selling 8,800 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Regions Financial were worth $1,405,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in RF. Quarry LP increased its stake in Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after acquiring an additional 394 shares during the last quarter. Private Advisor Group LLC raised its position in 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 period. CWM LLC boosted its holdings in Regions Financial by 1.1% during 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 during the period. Resonant Capital Advisors LLC boosted its stake in shares of Regions Financial by 2.4% during the third quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock valued at $515,000 after purchasing an additional 506 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Regions Financial by 0.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 70,822 shares of the bank’s stock valued at $1,666,000 after acquiring an additional 529 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Performance

Regions Financial stock opened at $24.24 on Monday. Regions Financial Co. has a 1-year low of $17.42 and a 1-year high of $27.96. The stock has a market cap of $22.03 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 2.21 and a beta of 1.21. The firm has a 50 day simple moving average of $25.11 and a 200-day simple moving average of $23.41. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last released its quarterly earnings data 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. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1,857,300 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 EPS. On average, analysts expect that Regions Financial Co. will post 2.07 EPS for the current year.

Analysts Set New Price Targets

RF has been the topic of a number of research reports. The Goldman Sachs Group lifted their target price on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Barclays boosted their target price on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. DA Davidson increased their price target on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company boosted their target price on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Finally, Wedbush lifted their price objective on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Regions Financial presently has an average rating of “Moderate Buy” and an average 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.