Regions Financial Co. (NYSE:RF) Shares Acquired by Certuity LLC

Certuity LLC grew its stake in shares of Regions Financial Co. (NYSE:RF) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 102,475 shares of the bank’s stock after buying an additional 780 shares during the period. Certuity LLC’s holdings in Regions Financial were worth $2,410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Regions Financial by 16.3% in the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock valued at $1,306,813,000 after buying an additional 7,791,399 shares during the last quarter. National Bank of Canada FI raised its stake in Regions Financial by 575.8% during the third quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock worth $39,784,000 after acquiring an additional 1,452,956 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Regions Financial by 13.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock worth $201,238,000 after purchasing an additional 1,014,706 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Regions Financial by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank’s stock worth $648,269,000 after acquiring an additional 816,226 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Regions Financial in the 3rd quarter valued at about $17,589,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Up 1.3 %

RF stock opened at $24.40 on Wednesday. Regions Financial Co. has a twelve month low of $17.61 and a twelve month high of $27.96. 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 company has a market cap of $22.17 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The business’s 50-day simple moving average is $24.40 and its 200 day simple moving average is $23.78.

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, beating analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion for 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. On average, research analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Barclays raised their price objective on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. Compass Point increased their target price on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. DA Davidson increased their price objective on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Regions Financial currently has an average rating of “Moderate Buy” and a consensus target price of $27.67.

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.