XML Financial LLC bought a new position in shares of Regions Financial Co. (NYSE:RF – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 62,050 shares of the bank’s stock, valued at approximately $1,245,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in RF. Hudock Inc. acquired a new position in Regions Financial during the second quarter worth about $37,000. SeaCrest Wealth Management LLC acquired a new position in Regions Financial during the second quarter worth about $43,000. Evoke Wealth LLC grew its position in Regions Financial by 94.4% during the second quarter. Evoke Wealth LLC now owns 2,620 shares of the bank’s stock worth $49,000 after buying an additional 1,272 shares during the period. Parkside Financial Bank & Trust grew its position in Regions Financial by 41.7% during the first quarter. Parkside Financial Bank & Trust now owns 2,505 shares of the bank’s stock worth $56,000 after buying an additional 737 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in Regions Financial during the second quarter worth about $59,000. 72.87% of the stock is currently owned by institutional investors and hedge funds.
Regions Financial Stock Performance
NYSE:RF opened at $22.83 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.16. The company has a market cap of $21.33 billion, a P/E ratio of 10.06, a P/E/G ratio of 0.90 and a beta of 1.21. Regions Financial Co. has a fifty-two week low of $18.01 and a fifty-two week high of $25.57. The firm’s 50 day moving average is $22.01 and its two-hundred day moving average is $21.58.
Analyst Ratings Changes
Regions Financial Company Profile
Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other financing. The firm operates through the following segments: Corporate Bank, Consumer Bank, Wealth Management, and Other.
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