Greenleaf Trust Purchases 436 Shares of Regions Financial Co. (NYSE:RF)

Greenleaf Trust grew its position in Regions Financial Co. (NYSE:RFFree Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,382 shares of the bank’s stock after acquiring an additional 436 shares during the period. Greenleaf Trust’s holdings in Regions Financial were worth $573,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RF. Marshall Wace LLP bought a new position in shares of Regions Financial in the second quarter valued at approximately $581,000. Quarry LP increased its stake in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after buying an additional 816 shares in the last quarter. Truist Financial Corp increased its stake in shares of Regions Financial by 2.1% in the second quarter. Truist Financial Corp now owns 190,853 shares of the bank’s stock valued at $3,825,000 after buying an additional 4,001 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Regions Financial in the second quarter valued at $1,653,000. Finally, AMF Tjanstepension AB acquired a new stake in shares of Regions Financial in the third quarter valued at $6,281,000. Institutional investors own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RF shares. Piper Sandler increased their price target on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Truist Financial increased their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $24.00 to $26.00 in a research note on Thursday, October 24th. Wedbush upped their price target on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Thursday, October 24th. One investment 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.67.

Read Our Latest Stock Analysis on Regions Financial

Regions Financial Stock Performance

Shares of Regions Financial stock opened at $24.37 on Wednesday. The stock’s fifty day simple moving average is $24.67 and its 200 day simple moving average is $23.71. Regions Financial Co. has a 12 month low of $17.42 and a 12 month high of $27.96. 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 company has a market capitalization of $22.15 billion, a PE ratio of 12.56, a PEG ratio of 1.97 and a beta of 1.20.

Regions Financial (NYSE:RFGet Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the business earned $0.39 EPS. Regions Financial’s revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts predict that Regions Financial Co. will post 2.27 EPS for the current year.

Regions Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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