Stonegate Investment Group LLC Lowers Holdings in Regions Financial Co. (NYSE:RF)

Stonegate Investment Group LLC trimmed its holdings in Regions Financial Co. (NYSE:RF) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 169,781 shares of the bank’s stock after selling 3,966 shares during the quarter. Stonegate Investment Group LLC’s holdings in Regions Financial were worth $3,993,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. American National Bank & Trust boosted its holdings in Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,114 shares during the last quarter. Quarry LP boosted its holdings in Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after purchasing an additional 816 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Regions Financial during the 3rd quarter worth about $37,000. Legacy Investment Solutions LLC purchased a new stake in shares of Regions Financial during the 3rd quarter worth about $37,000. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of 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 acquiring an additional 1,483 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Up 1.2 %

Shares of NYSE RF opened at $24.76 on Tuesday. The company has a 50 day simple moving average of $24.93 and a 200-day simple moving average of $23.57. The company has a market capitalization of $22.50 billion, a P/E ratio of 12.76, a P/E/G ratio of 1.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a 1 year low of $17.42 and a 1 year high of $27.96.

Regions Financial (NYSE:RF) last announced its quarterly 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 business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1,857,300 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 quarter last year, the firm earned $0.39 EPS. On average, equities research analysts predict that Regions Financial Co. will post 2.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RF. Keefe, Bruyette & Woods raised shares of Regions Financial from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $27.00 to $28.00 in a research note on Thursday, October 31st. Wells Fargo & Company increased their target price on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Wedbush increased their target price on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. The Goldman Sachs Group increased their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.