Centennial Wealth Advisory LLC Has $475,000 Stock Position in Regions Financial Co. (NYSE:RF)

Centennial Wealth Advisory LLC increased its holdings in Regions Financial Co. (NYSE:RF) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,176 shares of the bank’s stock after acquiring an additional 1,122 shares during the period. Centennial Wealth Advisory LLC’s holdings in Regions Financial were worth $475,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Citigroup Inc. raised its stake in shares of Regions Financial by 20.0% in the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock valued at $35,445,000 after buying an additional 253,708 shares during the period. Aprio Wealth Management LLC bought a new position in shares of Regions Financial in the 4th quarter worth $1,247,000. Nordea Investment Management AB boosted its holdings in shares of Regions Financial by 60.4% in the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock worth $6,220,000 after purchasing an additional 99,115 shares in the last quarter. Commerce Bank grew its position in Regions Financial by 392.5% during the third quarter. Commerce Bank now owns 248,325 shares of the bank’s stock valued at $5,793,000 after acquiring an additional 197,900 shares during the last quarter. Finally, National Pension Service grew its holdings in shares of Regions Financial by 6.3% during the 3rd quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock valued at $40,175,000 after purchasing an additional 102,380 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Performance

RF opened at $24.35 on Thursday. The stock has a market capitalization of $22.13 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.97 and a beta of 1.20. Regions Financial Co. has a fifty-two week low of $17.42 and a fifty-two week high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The company has a fifty day moving average of $24.61 and a 200 day moving average of $23.72.

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, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the company earned $0.39 EPS. The business’s revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Regions Financial Co. will post 2.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RF shares. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Thursday, October 24th. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Truist Financial lifted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Wedbush increased their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.