79,897 Shares in Regions Financial Co. (NYSE:RF) Acquired by Avanza Fonder AB

Avanza Fonder AB bought a new stake in shares of Regions Financial Co. (NYSE:RF) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 79,897 shares of the bank’s stock, valued at approximately $1,879,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Citigroup Inc. lifted its position in shares of Regions Financial by 20.0% during the 3rd quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock valued at $35,445,000 after acquiring an additional 253,708 shares during the last quarter. Aprio Wealth Management LLC purchased a new stake in shares of Regions Financial during the fourth quarter valued at $1,247,000. Nordea Investment Management AB lifted its holdings in shares of Regions Financial by 60.4% during the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock valued at $6,220,000 after purchasing an additional 99,115 shares during the last quarter. Commerce Bank boosted its position in shares of Regions Financial by 392.5% in the 3rd quarter. Commerce Bank now owns 248,325 shares of the bank’s stock valued at $5,793,000 after purchasing an additional 197,900 shares during the period. Finally, National Pension Service increased its stake in Regions Financial by 6.3% in the 3rd quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock worth $40,175,000 after purchasing an additional 102,380 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on RF. Evercore ISI upped their price objective on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research note on Wednesday, October 2nd. 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 target price on the stock in a research note on Thursday, October 24th. Compass Point raised their target price 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, Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $27.00 to $28.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Price Performance

NYSE:RF opened at $24.24 on Friday. The company has a market capitalization of $22.03 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 2.21 and a beta of 1.21. The company has a 50-day moving average of $25.11 and a 200-day moving average of $23.39. Regions Financial Co. has a 52 week low of $17.42 and a 52 week high of $27.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1,857,300 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. As a group, equities research analysts anticipate that Regions Financial Co. will post 2.07 earnings per share for the current fiscal year.

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.