Greenleaf Trust Has $573,000 Stock Holdings in Regions Financial Co. (NYSE:RF)

Greenleaf Trust lifted its holdings in Regions Financial Co. (NYSE:RF) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,382 shares of the bank’s stock after buying an additional 436 shares during the period. Greenleaf Trust’s holdings in Regions Financial were worth $573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Wace LLP purchased a new stake in shares of Regions Financial in the second quarter worth approximately $581,000. Quarry LP lifted its position in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after purchasing an additional 816 shares in the last quarter. Truist Financial Corp increased its stake in shares of Regions Financial by 2.1% in the second quarter. Truist Financial Corp now owns 190,853 shares of the bank’s stock worth $3,825,000 after acquiring an additional 4,001 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Regions Financial in the second quarter worth $1,653,000. Finally, AMF Tjanstepension AB acquired a new position in shares of Regions Financial in the third quarter worth $6,281,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Performance

NYSE RF opened at $24.37 on Wednesday. Regions Financial Co. has a twelve month low of $17.42 and a twelve month high of $27.96. 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 stock has a market cap of $22.15 billion, a P/E ratio of 12.56, a PEG ratio of 1.97 and a beta of 1.20. The company’s 50-day simple moving average is $24.67 and its 200 day simple moving average is $23.71.

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

Wall Street Analyst Weigh In

RF has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. Wedbush boosted their price target on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Wells Fargo & Company boosted their price target on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Barclays boosted their price target on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. One research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Company 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.