BTC Capital Management Inc. Sells 5,959 Shares of Regions Financial Co. (NYSE:RF)

BTC Capital Management Inc. trimmed its stake in shares of Regions Financial Co. (NYSE:RF) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,936 shares of the bank’s stock after selling 5,959 shares during the quarter. BTC Capital Management Inc.’s holdings in Regions Financial were worth $5,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in shares of Regions Financial in the 2nd quarter worth about $581,000. AQR Capital Management LLC boosted its holdings in shares of Regions Financial by 27.8% during the 2nd quarter. AQR Capital Management LLC now owns 200,379 shares of the bank’s stock worth $3,933,000 after buying an additional 43,557 shares in the last quarter. Creative Planning grew its position in shares of Regions Financial by 38.8% during the 2nd quarter. Creative Planning now owns 198,892 shares of the bank’s stock worth $3,986,000 after buying an additional 55,624 shares during the period. NewEdge Advisors LLC increased its stake in shares of Regions Financial by 6.7% in the 2nd quarter. NewEdge Advisors LLC now owns 57,792 shares of the bank’s stock valued at $1,158,000 after acquiring an additional 3,638 shares in the last quarter. Finally, Quarry LP boosted its stake in 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 in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RF has been the topic of several research reports. Citigroup upped their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. The Goldman Sachs Group increased their price target on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Thursday, October 24th. Finally, Wedbush increased their target price on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given 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 Stock Performance

Shares of Regions Financial stock opened at $24.77 on Friday. The firm has a market capitalization of $22.51 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. 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 business’s fifty day simple moving average is $24.83 and its 200 day simple moving average is $23.64. Regions Financial Co. has a 12 month low of $17.42 and a 12 month high of $27.96.

Regions Financial (NYSE:RF) last issued its quarterly 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 company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, analysts anticipate that Regions Financial Co. will post 2.27 EPS for the current 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.