Monte Financial Group LLC Lowers Position in Regions Financial Co. (NYSE:RF)

Monte Financial Group LLC decreased its position in Regions Financial Co. (NYSE:RF) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 236,523 shares of the bank’s stock after selling 9,092 shares during the quarter. Regions Financial makes up 2.4% of Monte Financial Group LLC’s portfolio, making the stock its 15th biggest position. Monte Financial Group LLC’s holdings in Regions Financial were worth $5,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RF. State Street Corp grew its stake in shares of Regions Financial by 16.3% in the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock worth $1,306,813,000 after buying an additional 7,791,399 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Regions Financial by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank’s stock worth $648,269,000 after acquiring an additional 816,226 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Regions Financial by 1.4% during the third quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank’s stock valued at $526,118,000 after acquiring an additional 315,605 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Regions Financial by 13.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock worth $201,238,000 after purchasing an additional 1,014,706 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Regions Financial by 0.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,226,353 shares of the bank’s stock worth $191,921,000 after purchasing an additional 61,426 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Citigroup raised their price target on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. DA Davidson boosted their price target on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Truist Financial increased their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday. Evercore ISI increased their price objective on shares of Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 2nd. Finally, Piper Sandler boosted their target price on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. One 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial Trading Up 0.9 %

Shares of Regions Financial stock opened at $24.48 on Friday. Regions Financial Co. has a twelve month low of $17.42 and a twelve month 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 business has a 50-day moving average price of $24.93 and a 200-day moving average price of $23.52. The firm has a market cap of $22.25 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.94 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 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 for the quarter, compared to the consensus estimate of $1,857,300 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. Equities research analysts anticipate that Regions Financial Co. will post 2.27 EPS 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.