Burney Co. Lowers Holdings in Regions Financial Co. (NYSE:RF)

Burney Co. decreased its stake in Regions Financial Co. (NYSE:RFFree Report) by 14.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,701 shares of the bank’s stock after selling 2,184 shares during the quarter. Burney Co.’s holdings in Regions Financial were worth $218,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AMG National Trust Bank grew its position in shares of Regions Financial by 24.3% during the third quarter. AMG National Trust Bank now owns 77,770 shares of the bank’s stock worth $1,338,000 after purchasing an additional 15,196 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Regions Financial by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,169,876 shares of the bank’s stock worth $346,922,000 after purchasing an additional 618,384 shares in the last quarter. NewEdge Wealth LLC grew its position in shares of Regions Financial by 127.6% during the third quarter. NewEdge Wealth LLC now owns 26,728 shares of the bank’s stock worth $460,000 after purchasing an additional 14,986 shares in the last quarter. Amalgamated Bank grew its position in shares of Regions Financial by 1.2% during the third quarter. Amalgamated Bank now owns 240,263 shares of the bank’s stock worth $4,133,000 after purchasing an additional 2,877 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Regions Financial during the third quarter worth about $2,362,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Regions Financial Price Performance

Shares of RF stock opened at $18.00 on Friday. Regions Financial Co. has a 52-week low of $13.72 and a 52-week high of $24.02. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $16.74 billion, a P/E ratio of 8.61, a P/E/G ratio of 1.30 and a beta of 1.21. The stock has a 50 day moving average price of $18.64 and a 200 day moving average price of $17.83.

Regions Financial (NYSE:RFGet Free Report) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business posted $0.67 earnings per share. Regions Financial’s revenue was down 9.5% on a year-over-year basis. As a group, sell-side analysts predict that Regions Financial Co. will post 1.98 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on RF shares. The Goldman Sachs Group cut their target price on Regions Financial from $22.50 to $19.50 and set a “buy” rating for the company in a research report on Monday, October 23rd. Argus lowered Regions Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. UBS Group lowered Regions Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $22.00 to $15.00 in a research note on Tuesday, October 24th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $16.50 price target (down from $19.00) on shares of Regions Financial in a research note on Friday, October 27th. Finally, StockNews.com lowered Regions Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Regions Financial has an average rating of “Hold” and an average price target of $20.12.

View Our Latest Report on RF

Regions Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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