Empirical Finance LLC Sells 435 Shares of Regions Financial Co. (NYSE:RF)

Empirical Finance LLC lowered its holdings in Regions Financial Co. (NYSE:RF) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,125 shares of the bank’s stock after selling 435 shares during the quarter. Empirical Finance LLC’s holdings in Regions Financial were worth $756,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Y.D. More Investments Ltd raised its holdings in 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 purchasing an additional 634 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Regions Financial in the 3rd quarter worth approximately $37,000. Legacy Investment Solutions LLC bought a new position in shares of Regions Financial during the 3rd quarter worth approximately $37,000. Quarry LP lifted its position in Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after acquiring an additional 394 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Regions Financial in the third quarter valued at approximately $56,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Down 1.5 %

Shares of RF stock opened at $24.09 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a twelve month low of $17.61 and a twelve month high of $27.96. The stock has a 50 day moving average of $24.45 and a 200 day moving average of $23.77. The stock has a market cap of $21.89 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.97 and a beta of 1.20.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. As a group, sell-side analysts expect that Regions Financial Co. will post 2.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RF. Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, October 24th. DA Davidson raised their price target on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Piper Sandler upped their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, Citigroup lifted their target price on shares of Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Regions Financial presently has a consensus rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial 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.