AlphaStar Capital Management LLC Purchases 3,231 Shares of Regions Financial Co. (NYSE:RF)

AlphaStar Capital Management LLC grew its position in Regions Financial Co. (NYSE:RF) by 22.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,779 shares of the bank’s stock after acquiring an additional 3,231 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Regions Financial were worth $418,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Entropy Technologies LP purchased a new position in Regions Financial during the 4th quarter valued at $2,024,000. Empowered Funds LLC lifted its position in shares of Regions Financial by 11.6% during the fourth quarter. Empowered Funds LLC now owns 17,874 shares of the bank’s stock worth $420,000 after purchasing an additional 1,857 shares during the last quarter. Vest Financial LLC boosted its stake in shares of Regions Financial by 20.4% during the fourth quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock valued at $34,806,000 after purchasing an additional 250,729 shares during the period. Fairvoy Private Wealth LLC bought a new position in shares of Regions Financial in the fourth quarter worth about $531,000. Finally, Centennial Wealth Advisory LLC increased its stake in Regions Financial by 5.9% in 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 period. Institutional investors own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

RF has been the topic of a number of research analyst reports. Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a research note on Tuesday, October 29th. Citigroup increased their price objective on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Compass Point lifted their target price on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler upped their target price on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods upgraded Regions Financial from a “market perform” rating to an “outperform” rating and raised their price target for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Regions Financial has an average rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Price Performance

NYSE RF opened at $24.45 on Monday. The firm’s fifty day simple moving average is $24.45 and its two-hundred day simple moving average is $23.76. The firm has a market capitalization of $22.22 billion, a P/E ratio of 12.60, a P/E/G 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. Regions Financial Co. has a 12-month low of $17.61 and a 12-month high of $27.96.

Regions Financial (NYSE:RF) last announced 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 company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. 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.