Silver Lake Advisory LLC Has $5.19 Million Position in Regions Financial Co. (NYSE:RF)

Silver Lake Advisory LLC lessened its holdings in shares of Regions Financial Co. (NYSE:RF) by 1.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 220,486 shares of the bank’s stock after selling 2,357 shares during the quarter. Regions Financial comprises 2.3% of Silver Lake Advisory LLC’s holdings, making the stock its 14th largest holding. Silver Lake Advisory LLC’s holdings in Regions Financial were worth $5,186,000 as of its most recent filing with the SEC.

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

Regions Financial Price Performance

NYSE:RF opened at $24.21 on Friday. 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 firm has a fifty day simple moving average of $25.01 and a 200 day simple moving average of $23.49. Regions Financial Co. has a 1-year low of $17.42 and a 1-year high of $27.96. The stock has a market capitalization of $22.00 billion, a PE ratio of 12.48, a P/E/G ratio of 1.94 and a beta of 1.21.

Regions Financial (NYSE:RF) last released its quarterly earnings data 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. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1,857,300 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. 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 business earned $0.39 EPS. On average, research analysts expect that Regions Financial Co. will post 2.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on RF shares. DA Davidson raised their price objective on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $24.00 to $26.00 in a report on Thursday, October 24th. Citigroup increased their target price on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods raised shares of 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, Barclays increased their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Regions Financial presently has a consensus rating of “Moderate Buy” and an average target price 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.