Welch Group LLC Has $3.32 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

Welch Group LLC increased its position in shares of Regions Financial Co. (NYSE:RF) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,279 shares of the bank’s stock after purchasing an additional 714 shares during the quarter. Welch Group LLC’s holdings in Regions Financial were worth $3,319,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quarry LP raised its stake in shares of Regions Financial by 29.5% in the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after acquiring an additional 394 shares during the last quarter. Ballentine Partners LLC raised its position in Regions Financial by 2.5% in the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock valued at $411,000 after purchasing an additional 420 shares during the last quarter. Private Advisor Group LLC boosted its stake in Regions Financial by 1.8% in the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after purchasing an additional 429 shares in the last quarter. Greenleaf Trust boosted its stake in Regions Financial by 1.8% in the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank’s stock worth $573,000 after purchasing an additional 436 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Regions Financial by 1.1% in the third quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after buying an additional 480 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

RF has been the topic of several research reports. Wedbush upped their price target on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. Citigroup lifted their target price on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group upped their price target on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One investment 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Stock Performance

RF stock opened at $24.07 on Tuesday. Regions Financial Co. has a 1-year low of $17.42 and a 1-year high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The firm has a market cap of $21.87 billion, a PE ratio of 12.40, a P/E/G ratio of 1.97 and a beta of 1.20. The business’s 50-day moving average price is $24.74 and its two-hundred day moving average price is $23.69.

Regions Financial (NYSE:RF) last issued its quarterly earnings data 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 analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. Regions Financial’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. As a group, research analysts forecast that Regions Financial Co. will post 2.27 earnings per share for the current 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.