Holistic Planning LLC Acquires 992 Shares of Regions Financial Co. (NYSE:RF)

Holistic Planning LLC lifted its holdings in shares of Regions Financial Co. (NYSE:RF) by 6.9% in the 4th quarter, Holdings Channel reports. The firm owned 15,407 shares of the bank’s stock after acquiring an additional 992 shares during the period. Holistic Planning LLC’s holdings in Regions Financial were worth $362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RF. Quarry LP increased its holdings in shares of Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after buying an additional 816 shares during the last quarter. Truvestments Capital LLC purchased a new position in Regions Financial in the third quarter worth $37,000. Legacy Investment Solutions LLC purchased a new position in Regions Financial in the third quarter worth $37,000. Bruce G. Allen Investments LLC increased its stake in Regions Financial by 163.1% in the third quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank’s stock valued at $56,000 after acquiring an additional 1,483 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Regions Financial during the third quarter valued at about $56,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Performance

NYSE:RF opened at $24.61 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a twelve month low of $17.42 and a twelve month high of $27.96. The stock has a market cap of $22.36 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The firm’s fifty day simple moving average is $24.74 and its 200 day simple moving average is $23.68.

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, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company earned $0.39 earnings per share. Regions Financial’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts predict that Regions Financial Co. will post 2.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RF. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. Compass Point lifted their price target 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. 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 research note on Monday, October 21st. Wells Fargo & Company lifted 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 report on Friday, November 15th. Finally, Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Regions Financial currently has a consensus 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.