Leavell Investment Management Inc. Has $5.68 Million Position in Regions Financial Co. (NYSE:RF)

Leavell Investment Management Inc. raised its position in Regions Financial Co. (NYSE:RF) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 239,059 shares of the bank’s stock after purchasing an additional 16,042 shares during the period. Leavell Investment Management Inc.’s holdings in Regions Financial were worth $5,680,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new position in shares of Regions Financial in the 4th quarter valued at $3,413,000. Summit Trail Advisors LLC acquired a new position in Regions Financial in the fourth quarter valued at about $278,000. Savant Capital LLC grew its stake in Regions Financial by 7.4% in the fourth quarter. Savant Capital LLC now owns 64,039 shares of the bank’s stock valued at $1,506,000 after acquiring an additional 4,402 shares during the period. Kestra Private Wealth Services LLC increased its holdings in shares of Regions Financial by 2.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 149,286 shares of the bank’s stock worth $3,511,000 after acquiring an additional 3,978 shares in the last quarter. Finally, AlphaStar Capital Management LLC raised its position in shares of Regions Financial by 22.2% during the fourth quarter. AlphaStar Capital Management LLC now owns 17,779 shares of the bank’s stock worth $418,000 after purchasing an additional 3,231 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods upgraded Regions Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $27.00 to $28.00 in a research report on Thursday, October 31st. Compass Point upped their price target on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Barclays increased their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. Wells Fargo & Company boosted their price objective on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Finally, Truist Financial increased their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Stock Performance

NYSE RF opened at $24.40 on Wednesday. The firm has a market capitalization of $22.17 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. 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 firm’s fifty day moving average price is $24.40 and its two-hundred day moving average price is $23.78. Regions Financial Co. has a 1 year low of $17.61 and a 1 year high of $27.96.

Regions Financial (NYSE:RF) last issued its earnings results 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. 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 for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the firm earned $0.39 EPS. Regions Financial’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current 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.