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

BankPlus Wealth Management LLC acquired a new stake in shares of Regions Financial Co. (NYSE:RF - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,897 shares of the bank's stock, valued at approximately $256,000.

A number of other large investors also recently modified their holdings of RF. American National Bank & Trust lifted its position in shares of Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank's stock worth $27,000 after buying an additional 1,114 shares in the last quarter. Quarry LP lifted its position in Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank's stock valued at $27,000 after purchasing an additional 816 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Regions Financial in the 3rd quarter worth $37,000. Legacy Investment Solutions LLC bought a new position in shares of Regions Financial in the 3rd quarter valued at about $37,000. Finally, Bruce G. Allen Investments LLC increased its stake in Regions Financial by 163.1% during the third quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank's stock worth $56,000 after acquiring an additional 1,483 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company's stock.

Regions Financial Stock Performance

NYSE:RF traded down $0.12 during trading hours on Tuesday, reaching $24.66. The company had a trading volume of 4,139,618 shares, compared to its average volume of 8,465,887. The firm has a market cap of $22.41 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. Regions Financial Co. has a 1-year low of $17.42 and a 1-year high of $27.96. The business's 50 day moving average price is $24.93 and its 200-day moving average price is $23.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings results 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 net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1,857,300 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. The business's revenue for the quarter was up .2% compared to the same quarter last year. Research analysts forecast that Regions Financial Co. will post 2.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RF shares. Evercore ISI lifted their target price on Regions Financial from $24.50 to $26.00 and gave the stock an "in-line" rating in a report on Wednesday, October 2nd. The Goldman Sachs Group raised their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods raised shares of Regions Financial from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $27.00 to $28.00 in a research report on Thursday, October 31st. Barclays raised their price target on Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research note on Monday, January 6th. Finally, DA Davidson upped their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Regions Financial has an average rating of "Moderate Buy" and an average price target of $27.67.

Regions Financial 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.