Regions Financial Co. (NYSE:RF) Shares Acquired by Red Door Wealth Management LLC

Red Door Wealth Management LLC boosted its holdings in Regions Financial Co. (NYSE:RF) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,979 shares of the bank’s stock after buying an additional 3,136 shares during the quarter. Red Door Wealth Management LLC’s holdings in Regions Financial were worth $987,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RF. American National Bank & Trust grew its holdings in shares of Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after acquiring an additional 1,114 shares during the last quarter. Quarry LP raised its holdings in Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after buying an additional 816 shares during the period. Truvestments Capital LLC purchased a new stake in Regions Financial during the third quarter valued at about $37,000. Legacy Investment Solutions LLC acquired a new position in shares of Regions Financial in the third quarter worth about $37,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of Regions Financial by 163.1% in 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 in the last quarter. Institutional investors own 79.39% of the company’s stock.

Analyst Ratings Changes

RF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised shares of Regions Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $27.00 to $28.00 in a research note on Thursday, October 31st. The Goldman Sachs Group lifted their price target on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. Truist Financial lifted their target price on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Regions Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Stock Performance

Shares of NYSE RF opened at $24.21 on Friday. The business’s 50-day simple moving average is $25.01 and its 200-day simple moving average is $23.49. 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 cap of $22.00 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 1.96 and a beta of 1.21.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating 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 quarter last year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities research analysts expect that Regions Financial Co. will post 2.29 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.