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) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,582 shares of the bank’s stock, valued at approximately $531,000.

A number of other large investors have also recently bought and sold shares of RF. Centennial Wealth Advisory LLC increased its holdings in shares of Regions Financial by 5.9% during the 4th quarter. Centennial Wealth Advisory LLC now owns 20,176 shares of the bank’s stock worth $475,000 after buying an additional 1,122 shares during the last quarter. Tectonic Advisors LLC boosted its stake in shares of Regions Financial by 10.2% during the 4th quarter. Tectonic Advisors LLC now owns 20,421 shares of the bank’s stock valued at $480,000 after buying an additional 1,887 shares during the last quarter. Confluence Wealth Services Inc. increased its position in shares of Regions Financial by 12.2% in the 4th quarter. Confluence Wealth Services Inc. now owns 54,133 shares of the bank’s stock worth $1,313,000 after purchasing an additional 5,882 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Regions Financial by 20.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 762,100 shares of the bank’s stock worth $18,091,000 after acquiring an additional 128,535 shares in the last quarter. Finally, Y.D. More Investments Ltd raised its holdings in shares of Regions Financial by 122.9% during the fourth 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 period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on RF shares. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $27.00 to $28.00 in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley reissued 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. Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Thursday, October 24th. Finally, Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Regions Financial presently has an average rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Trading Up 1.3 %

RF opened at $24.64 on Friday. The stock has a market cap of $22.39 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 1.97 and a beta of 1.20. Regions Financial Co. has a one year low of $17.42 and a one year high of $27.96. The stock’s 50 day moving average price is $24.55 and its 200-day moving average price is $23.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last issued its quarterly 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. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 earnings per share. On average, equities analysts forecast that Regions Financial Co. will post 2.27 EPS for the current year.

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.