Wealthcare Advisory Partners LLC Grows Stake in Regions Financial Co. (NYSE:RF)

Wealthcare Advisory Partners LLC boosted its holdings in shares of Regions Financial Co. (NYSE:RF) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,822 shares of the bank’s stock after purchasing an additional 529 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Regions Financial were worth $1,666,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Regions Financial by 9.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 125,730 shares of the bank’s stock worth $2,634,000 after buying an additional 10,871 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Regions Financial by 4.7% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 30,504 shares of the bank’s stock worth $611,000 after purchasing an additional 1,379 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Regions Financial by 7.5% during the 2nd quarter. Amalgamated Bank now owns 262,370 shares of the bank’s stock valued at $5,258,000 after purchasing an additional 18,261 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Regions Financial by 6.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 112,473 shares of the bank’s stock valued at $2,247,000 after purchasing an additional 7,259 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co bought a new stake in shares of Regions Financial in the second quarter worth about $1,580,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target for the company in a report on Tuesday, October 29th. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $24.00 to $26.00 in a research report on Thursday, October 24th. Piper Sandler boosted their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Finally, DA Davidson increased their price target on shares of Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Trading Down 1.2 %

Shares of NYSE RF opened at $24.24 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 0.35. The business has a fifty day simple moving average of $25.11 and a two-hundred day simple moving average of $23.39. The firm has a market cap of $22.03 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 2.21 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 for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1,857,300 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. Analysts expect that Regions Financial Co. will post 2.07 earnings per share for the current fiscal year.

About Regions Financial

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.