Donoghue Forlines LLC Makes New Investment in Regions Financial Co. (NYSE:RF)

Donoghue Forlines LLC acquired a new stake in Regions Financial Co. (NYSE:RF) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 61,721 shares of the bank’s stock, valued at approximately $1,452,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position in Regions Financial by 12.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 75,504 shares of the bank’s stock worth $1,776,000 after purchasing an additional 8,579 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Regions Financial by 195.1% in the fourth quarter. SG Americas Securities LLC now owns 133,514 shares of the bank’s stock valued at $3,140,000 after buying an additional 88,274 shares during the period. Viking Fund Management LLC raised its position in shares of Regions Financial by 100.0% during the fourth quarter. Viking Fund Management LLC now owns 6,000 shares of the bank’s stock worth $141,000 after acquiring an additional 3,000 shares during the last quarter. Planned Solutions Inc. lifted its stake in shares of Regions Financial by 8.3% in the fourth quarter. Planned Solutions Inc. now owns 10,919 shares of the bank’s stock worth $257,000 after acquiring an additional 835 shares during the period. Finally, Atomi Financial Group Inc. boosted its holdings in Regions Financial by 4.5% in the fourth quarter. Atomi Financial Group Inc. now owns 31,772 shares of the bank’s stock valued at $747,000 after acquiring an additional 1,379 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $24.46 on Thursday. The firm has a market cap of $22.23 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.96 and a beta of 1.21. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 52 week low of $17.42 and a 52 week high of $27.96. The business’s fifty day simple moving average is $25.04 and its 200-day simple moving average is $23.48.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 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 analyst estimates 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 quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share. Equities analysts forecast that Regions Financial Co. will post 2.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RF. Wedbush lifted 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. DA Davidson boosted 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. Truist Financial upped their target price on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday. Citigroup boosted their price target on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Regions Financial currently has a consensus rating of “Moderate Buy” and an average price target 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.