Impact Partnership Wealth LLC Purchases New Position in Regions Financial Co. (NYSE:RF)

Impact Partnership Wealth LLC purchased a new stake in Regions Financial Co. (NYSE:RF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,159 shares of the bank's stock, valued at approximately $592,000.

A number of other institutional investors also recently bought and sold shares of the company. American National Bank & Trust grew its stake 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 valued at $27,000 after buying an additional 1,114 shares in the last quarter. Quarry LP grew its position in shares of Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank's stock worth $27,000 after acquiring an additional 816 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Regions Financial in the 3rd quarter worth approximately $37,000. Legacy Investment Solutions LLC bought a new stake in shares of Regions Financial in the 3rd quarter worth approximately $37,000. Finally, Bruce G. Allen Investments LLC raised 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 valued at $56,000 after acquiring an additional 1,483 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Stock Up 0.9 %

Shares of NYSE RF traded up $0.22 during trading on Friday, hitting $24.48. 5,209,242 shares of the company traded hands, compared to its average volume of 8,865,049. The business's fifty day moving average is $25.01 and its 200 day moving average is $23.49. Regions Financial Co. has a fifty-two week low of $17.42 and a fifty-two week high of $27.96. The firm has a market capitalization of $22.25 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 1.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share 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 analyst estimates of $1,857,300 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business's quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts predict that Regions Financial Co. will post 2.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on RF. Morgan Stanley reissued an "equal weight" rating and issued a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. The Goldman Sachs Group boosted their price target on Regions Financial from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods raised Regions Financial from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $27.00 to $28.00 in a research report on Thursday, October 31st. Piper Sandler boosted their price target on Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Finally, Citigroup upped their price objective on Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. One investment 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.