Kentucky Trust Co Purchases New Position in Regions Financial Co. (NYSE:RF)

Kentucky Trust Co purchased a new position in Regions Financial Co. (NYSE:RF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,941 shares of the bank’s stock, valued at approximately $210,000.

Several other large investors also recently added to or reduced their stakes in the stock. Certuity LLC raised its stake in shares of Regions Financial by 0.8% in the fourth quarter. Certuity LLC now owns 102,475 shares of the bank’s stock valued at $2,410,000 after acquiring an additional 780 shares during the period. Leavell Investment Management Inc. grew its holdings in Regions Financial by 7.2% during the 4th quarter. Leavell Investment Management Inc. now owns 239,059 shares of the bank’s stock valued at $5,680,000 after purchasing an additional 16,042 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in Regions Financial in the 4th quarter worth about $3,413,000. Summit Trail Advisors LLC bought a new stake in Regions Financial in the fourth quarter worth about $278,000. Finally, Savant Capital LLC boosted its position in shares of Regions Financial by 7.4% during the fourth quarter. Savant Capital LLC now owns 64,039 shares of the bank’s stock valued at $1,506,000 after buying an additional 4,402 shares during the period. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Up 1.3 %

Regions Financial stock opened at $24.40 on Wednesday. Regions Financial Co. has a 1-year low of $17.61 and a 1-year high of $27.96. The business has a fifty day moving average price of $24.40 and a 200-day moving average price of $23.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market capitalization of $22.17 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.97 and a beta of 1.20.

Regions Financial (NYSE:RF) last released its earnings results on Friday, January 17th. The bank reported $0.56 EPS 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 analysts’ expectations of $1.86 billion. During the same period last year, the business earned $0.39 EPS. Regions Financial’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. Wells Fargo & Company increased their target price on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. DA Davidson boosted their target price on shares of Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Finally, Truist Financial boosted their price objective 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.