Kestra Advisory Services LLC Raises Stock Position in Regions Financial Co. (NYSE:RF)

Kestra Advisory Services LLC lifted its position in Regions Financial Co. (NYSE:RF – Get Rating) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,846 shares of the bank’s stock after acquiring an additional 7,456 shares during the quarter. Kestra Advisory Services LLC’s holdings in Regions Financial were worth $1,924,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RF. Caisse DE Depot ET Placement DU Quebec bought a new stake in Regions Financial during the 2nd quarter valued at about $6,778,000. EP Wealth Advisors LLC bought a new stake in Regions Financial during the 2nd quarter valued at about $221,000. MTM Investment Management LLC lifted its holdings in Regions Financial by 6.9% during the 3rd quarter. MTM Investment Management LLC now owns 13,481 shares of the bank’s stock valued at $271,000 after buying an additional 874 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Regions Financial by 7.1% during the 3rd quarter. Texas Permanent School Fund now owns 132,211 shares of the bank’s stock valued at $2,653,000 after buying an additional 8,777 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Regions Financial by 96.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 225,568 shares of the bank’s stock valued at $4,527,000 after buying an additional 110,591 shares in the last quarter. Institutional investors own 72.87% of the company’s stock.

Regions Financial Stock Performance

RF opened at $22.69 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a fifty day moving average price of $22.01 and a 200 day moving average price of $21.51. The stock has a market cap of $21.20 billion, a P/E ratio of 11.35, a P/E/G ratio of 0.89 and a beta of 1.21. Regions Financial Co. has a 1 year low of $18.01 and a 1 year high of $25.57.

Regions Financial (NYSE:RF – Get Rating) last posted its quarterly earnings data on Friday, October 21st. The bank reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.81 billion. Regions Financial had a return on equity of 14.13% and a net margin of 28.34%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 earnings per share. Equities research analysts anticipate that Regions Financial Co. will post 2.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. UBS Group lowered shares of Regions Financial from a “buy” rating to a “neutral” rating and set a $24.00 price target for the company. in a report on Tuesday, January 10th. Jefferies Financial Group lowered shares of Regions Financial from a “buy” rating to a “hold” rating in a report on Monday, January 9th. Raymond James lowered shares of Regions Financial from an “outperform” rating to a “market perform” rating in a report on Monday, November 21st. StockNews.com began coverage on shares of Regions Financial in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Compass Point cut their price objective on shares of Regions Financial to $23.00 in a research report on Thursday, October 20th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Regions Financial has a consensus rating of “Hold” and a consensus price target of $24.50.

Regions Financial Company Profile

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Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other financing. The firm operates through the following segments: Corporate Bank, Consumer Bank, Wealth Management, and Other.