Foundations Investment Advisors LLC Has $515,000 Stake in Regions Financial Co. (NYSE:RF)

Foundations Investment Advisors LLC raised its stake in shares of Regions Financial Co. (NYSE:RF) by 74.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,879 shares of the bank’s stock after buying an additional 9,371 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Regions Financial were worth $515,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RF. American National Bank & Trust increased its position 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 valued at $27,000 after buying an additional 1,114 shares in the last quarter. Quarry LP increased its holdings in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after acquiring an additional 816 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Regions Financial in the third quarter worth about $37,000. Legacy Investment Solutions LLC acquired a new stake in shares of Regions Financial during the third quarter worth about $37,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of Regions Financial by 163.1% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,483 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Trading Up 0.8 %

Shares of Regions Financial stock opened at $24.77 on Friday. The firm’s 50 day moving average is $24.83 and its 200 day moving average is $23.64. The firm has a market capitalization of $22.51 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. Regions Financial Co. has a 1 year low of $17.42 and a 1 year high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Equities research analysts forecast that Regions Financial Co. will post 2.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Compass Point raised their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. 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. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 target price (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. Finally, Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Regions Financial 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.