Regions Financial Co. (NYSE:RF) Shares Sold by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC cut its stake in Regions Financial Co. (NYSE:RF) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,236 shares of the bank’s stock after selling 2,389 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Regions Financial were worth $1,675,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Mediolanum International Funds Ltd acquired a new position in shares of Regions Financial in the 4th quarter worth approximately $1,496,000. Swedbank AB boosted its holdings in Regions Financial by 2.2% in the fourth quarter. Swedbank AB now owns 924,261 shares of the bank’s stock worth $21,739,000 after purchasing an additional 19,590 shares during the period. Foster Victor Wealth Advisors LLC increased its stake in Regions Financial by 3.3% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 288,359 shares of the bank’s stock valued at $6,978,000 after purchasing an additional 9,184 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in shares of Regions Financial by 407.2% during the fourth quarter. Perigon Wealth Management LLC now owns 93,465 shares of the bank’s stock worth $2,292,000 after purchasing an additional 75,038 shares during the period. Finally, BankPlus Wealth Management LLC bought a new position in shares of Regions Financial in the 4th quarter worth about $256,000. 79.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on RF. DA Davidson boosted their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Barclays increased their price target on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. Morgan Stanley restated an “equal weight” rating and set a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Wedbush increased their target price on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Stock Down 0.7 %

Shares of RF stock opened at $24.61 on Friday. Regions Financial Co. has a 1 year low of $17.42 and a 1 year high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The business’s fifty day moving average is $24.79 and its 200-day moving average is $23.65. The stock has a market cap of $22.36 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Regions Financial (NYSE:RF) last released its earnings results 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. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company earned $0.39 earnings per share. Regions Financial’s revenue was up .2% compared to the same quarter last year. Equities analysts expect that Regions Financial Co. will post 2.27 earnings per share 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.