Czech National Bank Has $4.64 Million Holdings in Regions Financial Co. (NYSE:RF)

Czech National Bank increased its holdings in shares of Regions Financial Co. (NYSE:RF) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,060 shares of the bank’s stock after acquiring an additional 10,640 shares during the period. Czech National Bank’s holdings in Regions Financial were worth $4,635,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of RF. Quarry LP grew its holdings in Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after acquiring an additional 394 shares during the period. Private Advisor Group LLC boosted its holdings in Regions Financial by 1.8% during the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after buying an additional 429 shares during the last quarter. CWM LLC grew its position in shares of Regions Financial by 1.1% during the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock worth $988,000 after buying an additional 480 shares during the period. Resonant Capital Advisors LLC increased its stake in shares of Regions Financial by 2.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock valued at $515,000 after acquiring an additional 506 shares during the last quarter. Finally, Centaurus Financial Inc. raised its position in shares of Regions Financial by 5.9% in the 3rd quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank’s stock valued at $228,000 after acquiring an additional 540 shares during the period. Institutional investors own 79.39% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Compass Point raised their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Evercore ISI upped their price target on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a report on Wednesday, October 2nd. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Piper Sandler lifted their target price on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Stock Up 3.0 %

Shares of RF opened at $24.72 on Thursday. The firm has a 50 day simple moving average of $25.16 and a two-hundred day simple moving average of $23.33. The company has a market cap of $22.47 billion, a P/E ratio of 13.97, a P/E/G ratio of 2.61 and a beta of 1.21. Regions Financial Co. has a one year low of $17.42 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. Research analysts forecast that Regions Financial Co. will post 2.12 EPS for the current fiscal 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.