Crossmark Global Holdings Inc. Decreases Stock Position in Regions Financial Co. (NYSE:RF)

Crossmark Global Holdings Inc. decreased its position in shares of Regions Financial Co. (NYSE:RF) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 496,680 shares of the bank’s stock after selling 44,805 shares during the period. Crossmark Global Holdings Inc. owned about 0.05% of Regions Financial worth $11,682,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Citigroup Inc. increased its position in shares of Regions Financial by 20.0% during the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock worth $35,445,000 after acquiring an additional 253,708 shares during the last quarter. Aprio Wealth Management LLC acquired a new position in shares of Regions Financial in the 4th quarter valued at approximately $1,247,000. Nordea Investment Management AB boosted its stake in shares of Regions Financial by 60.4% during the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock valued at $6,220,000 after buying an additional 99,115 shares during the last quarter. Commerce Bank grew its position in shares of Regions Financial by 392.5% during the third quarter. Commerce Bank now owns 248,325 shares of the bank’s stock worth $5,793,000 after buying an additional 197,900 shares in the last quarter. Finally, National Pension Service increased its position in shares of Regions Financial by 6.3% in the 3rd quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock worth $40,175,000 after purchasing an additional 102,380 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of NYSE RF opened at $24.24 on Tuesday. The business’s 50-day simple moving average is $25.07 and its 200-day simple moving average is $23.44. 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 Co. has a 52 week low of $17.42 and a 52 week high of $27.96. The firm has a market cap of $22.03 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 2.31 and a beta of 1.21.

Regions Financial (NYSE:RF) last posted 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 the consensus estimate of $1,857,300 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. Regions Financial’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. As a group, equities research analysts expect that Regions Financial Co. will post 2.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Evercore ISI upped their price target on Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research report on Wednesday, October 2nd. Compass Point boosted their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. The Goldman Sachs Group lifted their target price on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Thursday, October 24th. One research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.