Impact Partnership Wealth LLC Invests $592,000 in Regions Financial Co. (NYSE:RF)

Impact Partnership Wealth LLC bought a new stake in Regions Financial Co. (NYSE:RF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,159 shares of the bank’s stock, valued at approximately $592,000.

A number of other large investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its stake in shares of Regions Financial by 4.4% during the second quarter. Pacer Advisors Inc. now owns 67,078 shares of the bank’s stock valued at $1,344,000 after acquiring an additional 2,837 shares during the last quarter. Sei Investments Co. lifted its holdings in Regions Financial by 11.0% in the 2nd quarter. Sei Investments Co. now owns 523,033 shares of the bank’s stock valued at $10,480,000 after purchasing an additional 51,811 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Regions Financial by 3.7% during the 2nd quarter. ProShare Advisors LLC now owns 194,833 shares of the bank’s stock worth $3,904,000 after purchasing an additional 6,914 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Regions Financial by 5.9% during the second quarter. Public Sector Pension Investment Board now owns 155,107 shares of the bank’s stock worth $3,108,000 after buying an additional 8,581 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Regions Financial in the second quarter valued at approximately $581,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Evercore ISI lifted their target price on shares of Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company lifted 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. DA Davidson raised their price target on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Truist Financial upped their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, 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 research report on Monday, October 21st. 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.com, Regions Financial has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Trading Down 0.5 %

RF opened at $24.21 on Friday. The firm has a market capitalization of $22.00 billion, a P/E ratio of 12.48, a P/E/G ratio of 1.94 and a beta of 1.21. The firm’s 50 day moving average is $25.01 and its 200-day moving average is $23.49. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. 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 quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share 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 during the quarter, compared to analysts’ expectations of $1,857,300 billion. During the same period in the prior year, the company posted $0.39 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Regions Financial Co. will post 2.27 EPS for the current fiscal year.

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.