Entropy Technologies LP Takes Position in Regions Financial Co. (NYSE:RF)

Entropy Technologies LP purchased a new position in shares of Regions Financial Co. (NYSE:RF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 86,048 shares of the bank’s stock, valued at approximately $2,024,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Empowered Funds LLC boosted its stake 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 buying an additional 1,857 shares during the period. Vest Financial LLC raised its stake in Regions Financial by 20.4% during the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock valued at $34,806,000 after acquiring an additional 250,729 shares during the last quarter. Fairvoy Private Wealth LLC acquired a new stake in Regions Financial during the 4th quarter worth approximately $531,000. Centennial Wealth Advisory LLC grew its stake in shares of Regions Financial by 5.9% in the 4th quarter. Centennial Wealth Advisory LLC now owns 20,176 shares of the bank’s stock valued at $475,000 after purchasing an additional 1,122 shares during the last quarter. Finally, Tectonic Advisors LLC grew its stake in shares of Regions Financial by 10.2% in the 4th quarter. Tectonic Advisors LLC now owns 20,421 shares of the bank’s stock valued at $480,000 after purchasing an additional 1,887 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Trading Down 0.8 %

NYSE:RF opened at $24.45 on Monday. The company has a market capitalization of $22.22 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. Regions Financial Co. has a 52-week low of $17.61 and a 52-week high of $27.96. The stock has a fifty day simple moving average of $24.45 and a 200-day simple moving average of $23.76. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

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, topping analysts’ consensus estimates of $0.55 by $0.01. The company 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 firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. On average, equities research analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group increased their price target on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a research note on Tuesday, October 29th. Truist Financial boosted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Citigroup raised their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, DA Davidson boosted their target price on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 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, Regions Financial currently has an average 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.