Augustine Asset Management Inc. Sells 878 Shares of Regions Financial Co. (NYSE:RF)

Augustine Asset Management Inc. lessened its position in Regions Financial Co. (NYSE:RF) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,312 shares of the bank’s stock after selling 878 shares during the quarter. Augustine Asset Management Inc.’s holdings in Regions Financial were worth $266,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of RF. Stonebridge Financial Group LLC acquired a new position in shares of Regions Financial during the 4th quarter worth approximately $3,413,000. Summit Trail Advisors LLC bought a new position in shares of Regions Financial in the 4th quarter valued at about $278,000. Savant Capital LLC increased its stake in shares of Regions Financial by 7.4% during the 4th quarter. Savant Capital LLC now owns 64,039 shares of the bank’s stock worth $1,506,000 after purchasing an additional 4,402 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Regions Financial by 2.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 149,286 shares of the bank’s stock valued at $3,511,000 after buying an additional 3,978 shares during the last quarter. Finally, AlphaStar Capital Management LLC boosted its position in Regions Financial by 22.2% during the fourth quarter. AlphaStar Capital Management LLC now owns 17,779 shares of the bank’s stock worth $418,000 after purchasing an additional 3,231 shares during the period. Institutional investors own 79.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RF. Wedbush raised their target price on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. Barclays increased their target price on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, DA Davidson increased their price objective on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Regions Financial has an average rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial Stock Up 1.3 %

NYSE RF opened at $24.40 on Wednesday. The business has a fifty day moving average price of $24.40 and a two-hundred day moving average price of $23.78. The stock has a market capitalization of $22.17 billion, a PE ratio of 12.57, a PEG ratio of 1.97 and a beta of 1.20. Regions Financial Co. has a fifty-two week low of $17.61 and a fifty-two week high of $27.96. The company has a debt-to-equity ratio of 0.37, 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 for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. Regions Financial’s revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. Equities analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current fiscal 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.