Greenwood Capital Associates LLC Purchases 8,265 Shares of Regions Financial Co. (NYSE:RF)

Greenwood Capital Associates LLC lifted its position in Regions Financial Co. (NYSE:RF) by 19.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,620 shares of the bank’s stock after acquiring an additional 8,265 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Regions Financial were worth $1,191,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RF. Quarry LP lifted its position in shares of 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 in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Regions Financial during the third quarter valued at approximately $37,000. Legacy Investment Solutions LLC bought a new stake in Regions Financial during the third quarter worth $37,000. Bruce G. Allen Investments LLC boosted its position in 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 purchasing an additional 1,483 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Regions Financial in the 3rd quarter valued at $56,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Up 0.3 %

Shares of NYSE RF opened at $24.12 on Tuesday. The company has a market cap of $21.93 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.97 and a beta of 1.20. 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 firm’s fifty day moving average is $24.74 and its 200 day moving average is $23.69. Regions Financial Co. has a 52 week low of $17.42 and a 52 week high of $27.96.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share 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 during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business posted $0.39 earnings per share. Regions Financial’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts expect that Regions Financial Co. will post 2.27 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on RF shares. Compass Point increased their price target on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group increased their target price on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Truist Financial upped their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Wells Fargo & Company upped their price objective on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $24.00 to $26.00 in a research note on Thursday, October 24th. One 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

About Regions Financial

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.