Regions Financial Co. (NYSE:RF) Shares Sold by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC cut its stake in Regions Financial Co. (NYSE:RF) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,236 shares of the bank’s stock after selling 2,389 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Regions Financial were worth $1,675,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP grew its stake in Regions Financial by 29.5% in the 3rd 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. Ballentine Partners LLC grew its position in shares of Regions Financial by 2.5% in the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock valued at $411,000 after purchasing an additional 420 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Regions Financial by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after purchasing an additional 429 shares in the last quarter. CWM LLC raised its position in shares of Regions Financial by 1.1% during the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock worth $988,000 after purchasing an additional 480 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its stake in Regions Financial by 2.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock valued at $515,000 after buying an additional 506 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Price Performance

Regions Financial stock opened at $24.61 on Friday. The firm has a fifty day moving average of $24.79 and a 200-day moving average of $23.65. Regions Financial Co. has a 52-week low of $17.42 and a 52-week high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $22.36 billion, a P/E ratio of 12.68, a PEG ratio of 1.97 and a beta of 1.21.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate 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 return on equity of 12.83% and a net margin of 20.20%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $0.39 earnings per share. As a group, analysts predict that Regions Financial Co. will post 2.27 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on RF. Wedbush raised their price target on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. 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 research note on Monday, December 9th. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, October 24th. Finally, Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a research report on Tuesday, October 29th. 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. According to data from MarketBeat.com, Regions Financial currently has an average rating of “Moderate Buy” and a consensus 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.