Duncan Williams Asset Management LLC Has $2.09 Million Stake in Regions Financial Co. (NYSE:RF)

Duncan Williams Asset Management LLC boosted its stake in shares of Regions Financial Co. (NYSE:RF) by 87.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,860 shares of the bank’s stock after acquiring an additional 41,504 shares during the period. Regions Financial accounts for about 0.8% of Duncan Williams Asset Management LLC’s portfolio, making the stock its 25th biggest position. Duncan Williams Asset Management LLC’s holdings in Regions Financial were worth $2,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Grimes & Company Inc. grew its stake in Regions Financial by 1.7% during the fourth quarter. Grimes & Company Inc. now owns 962,900 shares of the bank’s stock worth $22,647,000 after buying an additional 16,345 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Regions Financial by 9.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 124,884 shares of the bank’s stock valued at $2,937,000 after purchasing an additional 10,491 shares during the last quarter. CX Institutional grew its stake in shares of Regions Financial by 3.5% during the fourth quarter. CX Institutional now owns 17,821 shares of the bank’s stock worth $419,000 after buying an additional 599 shares during the last quarter. Impact Partnership Wealth LLC acquired a new position in Regions Financial in the 4th quarter worth about $592,000. Finally, Red Door Wealth Management LLC boosted its stake in shares of Regions Financial by 8.1% during the fourth quarter. Red Door Wealth Management LLC now owns 41,979 shares of the bank’s stock valued at $987,000 after purchasing an additional 3,136 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Trading Up 0.9 %

NYSE RF opened at $24.48 on Friday. The stock has a market cap of $22.25 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. The stock has a 50 day simple moving average of $24.93 and a two-hundred day simple moving average of $23.55. Regions Financial Co. has a fifty-two week low of $17.42 and a fifty-two week high of $27.96. 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 (NYSE:RF) last announced its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1,857,300 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts forecast that Regions Financial Co. will post 2.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RF shares. Piper Sandler lifted their price objective on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company lifted their price target on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $27.00 to $28.00 in a research report on Thursday, October 31st. DA Davidson upped 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. Finally, Barclays lifted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.67.

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.