BankPlus Wealth Management LLC Invests $256,000 in Regions Financial Co. (NYSE:RF)

BankPlus Wealth Management LLC purchased a new stake in Regions Financial Co. (NYSE:RF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,897 shares of the bank’s stock, valued at approximately $256,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in shares of Regions Financial in the 2nd quarter valued at $581,000. AXA S.A. lifted its stake in Regions Financial by 122.3% in the second quarter. AXA S.A. now owns 187,749 shares of the bank’s stock valued at $3,762,000 after buying an additional 103,295 shares during the period. AQR Capital Management LLC lifted its stake in Regions Financial by 27.8% in the second quarter. AQR Capital Management LLC now owns 200,379 shares of the bank’s stock valued at $3,933,000 after buying an additional 43,557 shares during the period. MBB Public Markets I LLC bought a new position in Regions Financial during the second quarter worth about $1,343,000. Finally, Scientech Research LLC bought a new stake in shares of Regions Financial in the 2nd quarter valued at about $217,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Truist Financial boosted their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, January 21st. Piper Sandler boosted their price target on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Evercore ISI raised their price objective on Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. Finally, Morgan Stanley restated an “equal weight” rating and issued a $32.00 price target (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Stock Performance

RF opened at $24.76 on Tuesday. The business’s 50-day simple moving average is $24.93 and its 200 day simple moving average is $23.57. Regions Financial Co. has a 52-week low of $17.42 and a 52-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 firm has a market capitalization of $22.50 billion, a PE ratio of 12.76, a PEG ratio of 1.94 and a beta of 1.21.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1,857,300 billion. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts expect that Regions Financial Co. will post 2.27 earnings per share for the current fiscal year.

Regions Financial Company 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.