Regions Financial Co. (NYSE:RF) Stock Position Reduced by Sapient Capital LLC

Sapient Capital LLC lowered its stake in shares of Regions Financial Co. (NYSE:RF) by 13.6% in the fourth quarter, HoldingsChannel reports. The firm owned 31,883 shares of the bank’s stock after selling 5,035 shares during the quarter. Sapient Capital LLC’s holdings in Regions Financial were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. boosted its position in Regions Financial by 20.0% during the 3rd quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock valued at $35,445,000 after purchasing an additional 253,708 shares during the period. Aprio Wealth Management LLC acquired a new position in Regions Financial during the 4th quarter valued at approximately $1,247,000. Nordea Investment Management AB boosted its position in Regions Financial by 60.4% during the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock valued at $6,220,000 after purchasing an additional 99,115 shares during the period. Commerce Bank boosted its position in Regions Financial by 392.5% during the 3rd quarter. Commerce Bank now owns 248,325 shares of the bank’s stock valued at $5,793,000 after purchasing an additional 197,900 shares during the period. Finally, Vest Financial LLC boosted its position in Regions Financial by 20.4% during the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock valued at $34,806,000 after purchasing an additional 250,729 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on RF shares. Truist Financial boosted their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Wells Fargo & Company boosted their price target on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. DA Davidson boosted their price target on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Citigroup boosted their price target on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, The Goldman Sachs Group boosted their price target on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Regions Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Stock Up 1.3 %

RF opened at $24.40 on Wednesday. The stock’s fifty day moving average is $24.40 and its 200-day moving average is $23.78. The company has a market capitalization of $22.17 billion, a PE ratio of 12.57, a P/E/G ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a one year low of $17.61 and a one year high of $27.96.

Regions Financial (NYSE:RF) last announced 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. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. Regions Financial’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 earnings per share. On average, equities analysts predict that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

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.