Regions Financial Co. (NYSE:RF) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its holdings in shares of Regions Financial Co. (NYSE:RF) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,884 shares of the bank’s stock after purchasing an additional 10,491 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Regions Financial were worth $2,937,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RF. Pacer Advisors Inc. grew its holdings in shares of Regions Financial by 4.4% during the second quarter. Pacer Advisors Inc. now owns 67,078 shares of the bank’s stock worth $1,344,000 after purchasing an additional 2,837 shares during the last quarter. Sei Investments Co. grew its stake in Regions Financial by 11.0% during the 2nd quarter. Sei Investments Co. now owns 523,033 shares of the bank’s stock worth $10,480,000 after buying an additional 51,811 shares during the last quarter. Public Sector Pension Investment Board increased its position in Regions Financial by 5.9% during the second quarter. Public Sector Pension Investment Board now owns 155,107 shares of the bank’s stock worth $3,108,000 after buying an additional 8,581 shares during the period. Marshall Wace LLP purchased a new stake in Regions Financial in the second quarter valued at approximately $581,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Regions Financial by 58.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 175,995 shares of the bank’s stock valued at $3,527,000 after acquiring an additional 64,734 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Stock Up 0.9 %

RF stock opened at $24.48 on Friday. Regions Financial Co. has a 52 week low of $17.42 and a 52 week high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The company has a market cap of $22.25 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.94 and a beta of 1.21. The company’s 50-day moving average price is $24.93 and its 200 day moving average price is $23.55.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping 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 $1,857,300 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, research analysts expect that Regions Financial Co. will post 2.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on RF shares. Wedbush upped their price target on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Barclays increased their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. Truist Financial raised their price target on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. 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. Finally, Wells Fargo & Company lifted their target price 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. 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, the company has an average 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.