Leavell Investment Management Inc. Buys 16,042 Shares of Regions Financial Co. (NYSE:RF)

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

A number of other hedge funds also recently modified their holdings of RF. State Street Corp increased its position in Regions Financial by 16.3% during the third quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock worth $1,306,813,000 after acquiring an additional 7,791,399 shares during the period. National Bank of Canada FI raised its holdings in Regions Financial by 575.8% in the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock valued at $39,784,000 after acquiring an additional 1,452,956 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Regions Financial by 13.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock valued at $201,238,000 after acquiring an additional 1,014,706 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Regions Financial by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank’s stock worth $648,269,000 after purchasing an additional 816,226 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Regions Financial in the third quarter valued at about $17,589,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a research note on Tuesday, October 29th. Barclays raised their target price on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. Compass Point boosted their price target on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Citigroup boosted their price objective on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Price Performance

Shares of NYSE RF opened at $24.40 on Wednesday. The stock has a market cap of $22.17 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.97 and a beta of 1.20. 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 Co. has a fifty-two week low of $17.61 and a fifty-two week high of $27.96. The firm’s 50-day simple moving average is $24.40 and its 200 day simple moving average is $23.78.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. As a group, research analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current fiscal 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.