Centennial Wealth Advisory LLC Raises Stock Position in Regions Financial Co. (NYSE:RF)

Centennial Wealth Advisory LLC increased its position in shares of Regions Financial Co. (NYSE:RF) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,176 shares of the bank’s stock after buying an additional 1,122 shares during the period. Centennial Wealth Advisory LLC’s holdings in Regions Financial were worth $475,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RF. Citigroup Inc. raised its position in shares of Regions Financial by 20.0% in the 3rd 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 in the last quarter. Aprio Wealth Management LLC purchased a new position in Regions Financial in the fourth quarter valued at about $1,247,000. Nordea Investment Management AB raised its holdings in Regions Financial by 60.4% in the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock worth $6,220,000 after purchasing an additional 99,115 shares in the last quarter. Commerce Bank lifted 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 valued at $5,793,000 after buying an additional 197,900 shares during the last quarter. Finally, National Pension Service boosted its holdings 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 valued at $40,175,000 after buying an additional 102,380 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Performance

Shares of RF stock opened at $24.35 on Thursday. The firm’s 50 day moving average price is $24.61 and its 200-day moving average price is $23.72. 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 one year low of $17.42 and a one year high of $27.96. The firm has a market cap of $22.13 billion, a P/E ratio of 12.55, a P/E/G 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $1.82 billion for 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 firm’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 EPS. As a group, equities research analysts predict that Regions Financial Co. will post 2.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RF shares. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $24.00 to $26.00 in a research report on Thursday, October 24th. Wedbush upped their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Thursday, October 24th. Piper Sandler lifted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Compass Point lifted their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.67.

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.