BankPlus Wealth Management LLC Acquires Shares of 10,897 Regions Financial Co. (NYSE:RF)

BankPlus Wealth Management LLC bought a new position in shares of Regions Financial Co. (NYSE:RF) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 10,897 shares of the bank’s stock, valued at approximately $256,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RF. American National Bank & Trust lifted its position in Regions Financial by 1,856.7% during the third 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 lifted 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 purchasing an additional 816 shares during the last quarter. Truvestments Capital LLC bought a new stake in Regions Financial in the 3rd quarter valued at $37,000. Legacy Investment Solutions LLC acquired a new position in Regions Financial in the 3rd quarter valued at $37,000. Finally, Bruce G. Allen Investments LLC increased its position 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 buying an additional 1,483 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Wells Fargo & Company increased their target price on shares of Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. The Goldman Sachs Group boosted their price target on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods upgraded Regions Financial from a “market perform” rating to an “outperform” rating and upped their target price for the company from $27.00 to $28.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Trading Up 1.2 %

Shares of Regions Financial stock opened at $24.76 on Tuesday. The firm has a market capitalization of $22.50 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $24.93 and its 200 day moving average is $23.57. Regions Financial Co. has a 1 year low of $17.42 and a 1 year high of $27.96.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1,857,300 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. Equities research analysts forecast 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.