Blue Trust Inc. Cuts Holdings in Regions Financial Co. (NYSE:RF)

Blue Trust Inc. decreased its stake in Regions Financial Co. (NYSE:RF) by 13.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,067 shares of the bank’s stock after selling 3,127 shares during the quarter. Blue Trust Inc.’s holdings in Regions Financial were worth $468,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RF. Marshall Wace LLP bought a new stake in Regions Financial during the second quarter worth about $581,000. AQR Capital Management LLC lifted its holdings in shares of Regions Financial by 27.8% in the 2nd quarter. AQR Capital Management LLC now owns 200,379 shares of the bank’s stock worth $3,933,000 after acquiring an additional 43,557 shares during the last quarter. Creative Planning boosted its stake in shares of Regions Financial by 38.8% in the 2nd quarter. Creative Planning now owns 198,892 shares of the bank’s stock valued at $3,986,000 after purchasing an additional 55,624 shares in the last quarter. NewEdge Advisors LLC raised its position in Regions Financial by 6.7% in the 2nd quarter. NewEdge Advisors LLC now owns 57,792 shares of the bank’s stock worth $1,158,000 after purchasing an additional 3,638 shares during the period. Finally, Quarry LP lifted its stake in Regions Financial by 157.2% in the second 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. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $24.61 on Friday. Regions Financial Co. has a 12 month low of $17.42 and a 12 month high of $27.96. The firm has a market capitalization of $22.36 billion, a P/E ratio of 12.68, a P/E/G ratio of 1.97 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 business has a fifty day simple moving average of $24.79 and a two-hundred day simple moving average of $23.65.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping 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 business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Regions Financial’s quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts forecast that Regions Financial Co. will post 2.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RF has been the topic of several analyst reports. Piper Sandler lifted their price objective on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Wells Fargo & Company boosted their price objective 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. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Morgan Stanley reissued an “equal weight” rating and set a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Finally, Truist Financial raised their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. One equities 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.