Empirical Finance LLC Cuts Stock Holdings in Regions Financial Co. (NYSE:RF)

Empirical Finance LLC lessened its position in Regions Financial Co. (NYSE:RF) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,125 shares of the bank’s stock after selling 435 shares during the quarter. Empirical Finance LLC’s holdings in Regions Financial were worth $756,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd increased its holdings in shares of Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after purchasing an additional 634 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Regions Financial in the 3rd quarter valued at $37,000. Legacy Investment Solutions LLC acquired a new stake in shares of Regions Financial in the 3rd quarter worth $37,000. Quarry LP raised its holdings in shares of Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after acquiring an additional 394 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Regions Financial during the 3rd quarter valued at about $56,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Price Performance

Shares of NYSE RF opened at $24.09 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The stock has a market cap of $21.89 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.97 and a beta of 1.20. The stock has a 50 day moving average of $24.45 and a two-hundred day moving average of $23.77. Regions Financial Co. has a twelve month low of $17.61 and a twelve month high of $27.96.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. Regions Financial’s revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RF shares. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Thursday, October 24th. Piper Sandler upped their price objective on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Compass Point increased their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays lifted their target price on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Regions Financial currently 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.