Regions Financial Co. (NYSE:RF) Shares Bought by Czech National Bank

Czech National Bank increased its stake in Regions Financial Co. (NYSE:RF) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 197,060 shares of the bank’s stock after buying an additional 10,640 shares during the quarter. Czech National Bank’s holdings in Regions Financial were worth $4,635,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. American National Bank & Trust boosted its stake in shares of 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 period. Quarry LP increased its position in shares of Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after acquiring an additional 816 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Regions Financial in the third quarter worth about $37,000. Legacy Investment Solutions LLC purchased a new position in Regions Financial in the third quarter valued at about $37,000. Finally, Benjamin Edwards Inc. grew its stake in Regions Financial by 47.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 2,027 shares of the bank’s stock valued at $41,000 after purchasing an additional 648 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Stock Performance

Shares of RF opened at $24.72 on Thursday. Regions Financial Co. has a 12 month low of $17.42 and a 12 month high of $27.96. The firm has a market cap of $22.47 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 2.61 and a beta of 1.21. 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 company’s fifty day moving average is $25.16 and its 200-day moving average is $23.33.

Regions Financial (NYSE:RF) last released its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. Equities analysts expect that Regions Financial Co. will post 2.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RF has been the subject of several research analyst reports. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 target price (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. DA Davidson increased their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $24.00 to $26.00 in a report on Thursday, October 24th. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Thursday, October 24th. Finally, Evercore ISI raised their price target on Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Regions Financial has an average rating of “Moderate Buy” and a consensus price target of $27.67.

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.