Confluence Wealth Services Inc. Increases Position in Regions Financial Co. (NYSE:RF)

Confluence Wealth Services Inc. increased its holdings in Regions Financial Co. (NYSE:RF) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,133 shares of the bank’s stock after acquiring an additional 5,882 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Regions Financial were worth $1,313,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RF. Quarry LP raised its position in shares of Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after purchasing an additional 816 shares in the last quarter. Y.D. More Investments Ltd increased its stake in shares of Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after buying an additional 634 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Regions Financial in the third quarter valued at $37,000. Legacy Investment Solutions LLC bought a new position in shares of Regions Financial during the third quarter worth about $37,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in Regions Financial by 163.1% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank’s stock worth $56,000 after buying an additional 1,483 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Piper Sandler increased their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. 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 report on Monday, October 21st. Wells Fargo & Company upped their target price on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Compass Point increased their price target on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Price Performance

Shares of Regions Financial stock opened at $24.37 on Wednesday. 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’s 50-day moving average price is $24.67 and its two-hundred day moving average price is $23.71. The stock has a market cap of $22.15 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20.

Regions Financial (NYSE:RF) last released its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating 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 $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. As a group, sell-side analysts anticipate that Regions Financial Co. will post 2.27 EPS for the current fiscal year.

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.