Blue Trust Inc. Boosts Holdings in Regions Financial Corporation $RF

Blue Trust Inc. increased its stake in shares of Regions Financial Corporation (NYSE:RF) by 15.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,059 shares of the bank’s stock after buying an additional 1,454 shares during the period. Blue Trust Inc.’s holdings in Regions Financial were worth $260,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RF. Hardy Reed LLC increased its stake in shares of Regions Financial by 1.6% in the second quarter. Hardy Reed LLC now owns 25,747 shares of the bank’s stock worth $606,000 after purchasing an additional 404 shares in the last quarter. Greenwood Capital Associates LLC increased its stake in shares of Regions Financial by 0.6% in the second quarter. Greenwood Capital Associates LLC now owns 72,400 shares of the bank’s stock worth $1,703,000 after purchasing an additional 427 shares in the last quarter. IFG Advisory LLC increased its stake in shares of Regions Financial by 0.9% in the first quarter. IFG Advisory LLC now owns 52,531 shares of the bank’s stock worth $1,142,000 after purchasing an additional 470 shares in the last quarter. Signet Financial Management LLC increased its stake in shares of Regions Financial by 4.6% in the second quarter. Signet Financial Management LLC now owns 10,896 shares of the bank’s stock worth $256,000 after purchasing an additional 483 shares in the last quarter. Finally, Tectonic Advisors LLC increased its stake in shares of Regions Financial by 2.4% in the second quarter. Tectonic Advisors LLC now owns 21,871 shares of the bank’s stock worth $514,000 after purchasing an additional 504 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on RF. Evercore ISI lifted their target price on shares of Regions Financial from $28.00 to $29.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Morgan Stanley set a $32.00 price objective on shares of Regions Financial in a research note on Monday, September 29th. Stephens reaffirmed an “equal weight” rating and set a $27.00 price objective (down previously from $30.00) on shares of Regions Financial in a research note on Tuesday. Citigroup boosted their price objective on shares of Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Finally, Wall Street Zen raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $27.79.

Regions Financial Trading Up 2.4%

Shares of Regions Financial stock opened at $25.15 on Wednesday. The firm has a market cap of $22.44 billion, a PE ratio of 11.70, a PEG ratio of 1.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.82 and a quick ratio of 0.82. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $27.96. The company has a 50 day simple moving average of $26.28 and a two-hundred day simple moving average of $23.64.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The company had revenue of $1.81 billion during the quarter. Analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP David R. Keenan sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total value of $750,300.00. Following the completion of the sale, the executive vice president owned 90,915 shares of the company’s stock, valued at approximately $2,273,784.15. This represents a 24.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roger W. Jenkins acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average cost of $25.48 per share, with a total value of $101,920.00. Following the purchase, the director directly owned 6,383 shares in the company, valued at $162,638.84. This represents a 167.86% increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by corporate insiders.

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.