GHP Investment Advisors Inc. Sells 1,445 Shares of Regions Financial Co. (NYSE:RF)

GHP Investment Advisors Inc. cut its stake in Regions Financial Co. (NYSE:RF) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,045 shares of the bank’s stock after selling 1,445 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Regions Financial were worth $3,764,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Y.D. More Investments Ltd lifted its holdings in Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after acquiring an additional 634 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Regions Financial during the 3rd quarter valued at about $37,000. Legacy Investment Solutions LLC acquired a new position in shares of Regions Financial in the 3rd quarter valued at approximately $37,000. Quarry LP increased its stake 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 purchasing an additional 394 shares in the last quarter. Finally, Bruce G. Allen Investments LLC increased its stake in Regions Financial by 163.1% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank’s stock worth $56,000 after purchasing an additional 1,483 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on RF shares. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a research report on Tuesday, October 29th. DA Davidson increased their price objective on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Wedbush boosted their target price on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Regions Financial presently has an average rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Price Performance

Shares of NYSE RF opened at $24.64 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average price is $24.55 and its two-hundred day moving average price is $23.73. The company has a market cap of $22.39 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. Regions Financial Co. has a twelve month low of $17.42 and a twelve month high of $27.96.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share 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 business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the firm earned $0.39 EPS. The firm’s revenue was up .2% compared to the same quarter last year. On average, analysts predict that Regions Financial Co. will post 2.27 EPS for the current year.

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.