Wealth Enhancement Advisory Services LLC Trims Position in Regions Financial Co. (NYSE:RF)

Wealth Enhancement Advisory Services LLC lowered its position in shares of Regions Financial Co. (NYSE:RF) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 147,855 shares of the bank’s stock after selling 3,808 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Regions Financial were worth $3,449,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RF. American National Bank & Trust raised its holdings in shares of Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after purchasing an additional 1,114 shares during the period. Quarry LP increased its position in Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after purchasing an additional 816 shares in the last quarter. Truvestments Capital LLC purchased a new position in Regions Financial in the third quarter valued at approximately $37,000. Legacy Investment Solutions LLC acquired a new position in Regions Financial during the third quarter valued at approximately $37,000. Finally, Benjamin Edwards Inc. grew its stake in Regions Financial by 47.0% during the second quarter. Benjamin Edwards Inc. now owns 2,027 shares of the bank’s stock worth $41,000 after buying an additional 648 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Price Performance

RF opened at $24.01 on Wednesday. The company has a fifty day moving average price of $25.19 and a two-hundred day moving average price of $23.32. The firm has a market capitalization of $21.82 billion, a PE ratio of 13.57, a P/E/G ratio of 2.61 and a beta of 1.21. Regions Financial Co. has a 52 week low of $17.42 and a 52 week high of $27.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) 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 net margin of 18.78% and a return on equity of 12.60%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, analysts anticipate that Regions Financial Co. will post 2.12 earnings per share for the current year.

Wall Street Analyst Weigh In

RF has been the subject of a number of research reports. Barclays upped their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. Citigroup upped their target price on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Evercore ISI increased their target price on Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research note on Wednesday, October 2nd. Compass Point boosted their price target on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Truist Financial raised shares of Regions Financial to a “hold” rating in a research report on Monday, January 6th. One equities 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, Regions Financial currently has an average rating of “Moderate Buy” and a consensus target price 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.