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

GHP Investment Advisors Inc. lowered its position in shares of Regions Financial Co. (NYSE:RF) by 0.9% during the fourth quarter, Holdings Channel.com reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Centennial Wealth Advisory LLC increased its position in Regions Financial by 5.9% during the 4th quarter. Centennial Wealth Advisory LLC now owns 20,176 shares of the bank’s stock worth $475,000 after buying an additional 1,122 shares during the period. Tectonic Advisors LLC grew its stake in shares of Regions Financial by 10.2% in the fourth quarter. Tectonic Advisors LLC now owns 20,421 shares of the bank’s stock valued at $480,000 after acquiring an additional 1,887 shares in the last quarter. Confluence Wealth Services Inc. increased its position in Regions Financial by 12.2% during the fourth quarter. Confluence Wealth Services Inc. now owns 54,133 shares of the bank’s stock worth $1,313,000 after acquiring an additional 5,882 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Regions Financial by 20.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 762,100 shares of the bank’s stock worth $18,091,000 after purchasing an additional 128,535 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its holdings in Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after purchasing an additional 634 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Trading Up 1.3 %

NYSE RF opened at $24.64 on Friday. The company has a market cap of $22.39 billion, a price-to-earnings 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. 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 fifty day moving average is $24.55 and its 200 day moving average is $23.73.

Regions Financial (NYSE:RF) last announced 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 return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the firm posted $0.39 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts expect that Regions Financial Co. will post 2.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on RF shares. Wedbush raised their target price on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Compass Point raised their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company upped their target price on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Piper Sandler raised their price target on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. 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 assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Regions Financial currently has an average rating of “Moderate Buy” and an average target price of $27.67.

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.