Tectonic Advisors LLC Acquires 1,887 Shares of Regions Financial Co. (NYSE:RF)

Tectonic Advisors LLC raised its holdings in Regions Financial Co. (NYSE:RF) by 10.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,421 shares of the bank’s stock after buying an additional 1,887 shares during the quarter. Tectonic Advisors LLC’s holdings in Regions Financial were worth $480,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Marshall Wace LLP bought a new stake in Regions Financial in the second quarter valued at $581,000. Truist Financial Corp boosted its stake in shares of Regions Financial by 2.1% during the 2nd quarter. Truist Financial Corp now owns 190,853 shares of the bank’s stock valued at $3,825,000 after purchasing an additional 4,001 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Regions Financial during the 2nd quarter valued at about $1,653,000. AMF Tjanstepension AB purchased a new position in shares of Regions Financial during the third quarter valued at about $6,281,000. Finally, Czech National Bank raised its stake in Regions Financial by 6.8% in the third quarter. Czech National Bank now owns 186,420 shares of the bank’s stock worth $4,349,000 after buying an additional 11,900 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Price Performance

Shares of NYSE RF opened at $24.35 on Thursday. The firm has a market cap of $22.13 billion, a P/E ratio of 12.55, a PEG ratio of 1.97 and a beta of 1.20. Regions Financial Co. has a twelve month low of $17.42 and a twelve month high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $24.61 and a 200 day moving average of $23.72.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on RF shares. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research note on Tuesday, October 29th. Citigroup raised their price objective on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Wells Fargo & Company boosted their target price on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Finally, StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.