Fairvoy Private Wealth LLC Invests $531,000 in Regions Financial Co. (NYSE:RF)

Fairvoy Private Wealth LLC bought a new position in shares of Regions Financial Co. (NYSE:RF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,582 shares of the bank’s stock, valued at approximately $531,000.

Other institutional investors have also modified their holdings of the company. Y.D. More Investments Ltd increased its position 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 worth $27,000 after purchasing an additional 634 shares during the last quarter. Truvestments Capital LLC bought a new stake in Regions Financial during the 3rd quarter worth about $37,000. Legacy Investment Solutions LLC acquired a new stake in shares of Regions Financial during the 3rd quarter worth approximately $37,000. Quarry LP raised its position in shares of Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after acquiring an additional 394 shares during the period. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of 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 acquiring an additional 1,483 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Up 1.3 %

Shares of NYSE RF opened at $24.64 on Friday. 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 company’s 50-day simple moving average is $24.55 and its 200-day simple moving average is $23.73. The firm 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 52-week low of $17.42 and a 52-week high of $27.96.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. Regions Financial’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Equities analysts predict that Regions Financial Co. will post 2.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RF shares. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. Truist Financial upped their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Thursday, October 24th. DA Davidson boosted their target price on shares of Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.