Forsta AP Fonden Sells 9,800 Shares of Regions Financial Co. (NYSE:RF)

Forsta AP Fonden cut its stake in shares of Regions Financial Co. (NYSE:RF) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 204,700 shares of the bank’s stock after selling 9,800 shares during the quarter. Forsta AP Fonden’s holdings in Regions Financial were worth $4,815,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of RF. Quarry LP grew its stake in shares of Regions Financial by 29.5% in 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 increased its holdings in shares of Regions Financial by 2.5% during the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock valued at $411,000 after acquiring an additional 420 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Regions Financial by 1.8% during the third 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 grew its position in Regions Financial by 1.1% in the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after purchasing an additional 480 shares during the period. Finally, Resonant Capital Advisors LLC increased its stake in Regions Financial by 2.4% during the 3rd 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 in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Down 0.7 %

RF stock opened at $24.61 on Friday. Regions Financial Co. has a fifty-two week low of $17.42 and a fifty-two week high of $27.96. The stock has a fifty day moving average of $24.79 and a 200-day moving average of $23.65. The company has a market capitalization of $22.36 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share. As a group, equities research analysts predict that Regions Financial Co. will post 2.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Barclays increased 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. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a research report on Tuesday, October 29th. Truist Financial increased 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. Finally, Wedbush lifted their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial 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.