Kentucky Trust Co Invests $210,000 in Regions Financial Co. (NYSE:RF)

Kentucky Trust Co bought a new stake in shares of Regions Financial Co. (NYSE:RF) in the fourth quarter, Holdings Channel reports. The fund bought 8,941 shares of the bank’s stock, valued at approximately $210,000.

Other hedge funds also recently added to or reduced their stakes in the company. 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 valued at $27,000 after acquiring an additional 634 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Regions Financial in the third quarter valued at approximately $37,000. Legacy Investment Solutions LLC acquired a new position in Regions Financial during the third quarter worth $37,000. Quarry LP increased its stake in shares of Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after acquiring an additional 394 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Regions Financial during the 3rd quarter valued at about $56,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on RF shares. Barclays boosted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, January 6th. Wedbush raised their target price on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Citigroup upped their price target on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Compass Point raised their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Truist Financial upped their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Price Performance

Shares of NYSE RF opened at $24.40 on Wednesday. The stock’s 50-day simple moving average is $24.40 and its 200-day simple moving average is $23.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market capitalization of $22.17 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. Regions Financial Co. has a fifty-two week low of $17.61 and a fifty-two week 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 the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion during 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 company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 EPS. As a group, equities research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

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.