Callan Family Office LLC Acquires 10,973 Shares of Regions Financial Corporation $RF

Key Points

• Callan Family Office LLC increased its stake in Regions Financial Corporation by 100.8%, acquiring an additional 10,973 shares, bringing its total holdings to 21,857 shares valued at approximately $514,000.
• Several other institutional investors also significantly increased their positions, with notable increases of 2,433.3% by American National Bank & Trust and 637.3% by Bayforest Capital Ltd.
• Regions Financial stock has a current market price of $25.15, with a twelve-month range of $17.74 to $27.96, and analysts project a consensus price target of $27.79.

Callan Family Office LLC lifted its holdings in Regions Financial Corporation (NYSE:RF - Free Report) by 100.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,857 shares of the bank's stock after acquiring an additional 10,973 shares during the period. Callan Family Office LLC's holdings in Regions Financial were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust increased its position in Regions Financial by 2,433.3% in the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank's stock valued at $25,000 after buying an additional 1,022 shares in the last quarter. Bayforest Capital Ltd increased its position in Regions Financial by 637.3% in the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank's stock valued at $27,000 after buying an additional 1,058 shares in the last quarter. Rossby Financial LCC bought a new stake in Regions Financial in the 1st quarter valued at about $36,000. Groupe la Francaise bought a new stake in Regions Financial in the 1st quarter valued at about $41,000. Finally, Ameritas Advisory Services LLC bought a new stake in Regions Financial in the 2nd quarter valued at about $44,000. 79.39% of the stock is owned by institutional investors.

Regions Financial Price Performance

Shares of NYSE RF opened at $25.15 on Wednesday. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.96. The stock's 50 day moving average price is $26.28 and its 200-day moving average price is $23.64. The company has a market capitalization of $22.44 billion, a PE ratio of 11.70, a PEG ratio of 1.17 and a beta of 1.02. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30.

Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The firm had revenue of $1.81 billion for the quarter. On average, equities analysts anticipate that Regions Financial Corporation will post 2.26 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays reaffirmed an "underweight" rating and issued a $27.00 target price (up from $24.00) on shares of Regions Financial in a research report on Monday, July 21st. Morgan Stanley set a $32.00 price target on Regions Financial in a research note on Monday, September 29th. Keefe, Bruyette & Woods lifted their price target on Regions Financial from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Cantor Fitzgerald assumed coverage on Regions Financial in a research note on Wednesday, September 10th. They set an "overweight" rating and a $30.00 price target for the company. Finally, DA Davidson lifted their price target on Regions Financial from $25.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $27.79.

Insider Buying and Selling

In other news, EVP David R. Keenan sold 30,000 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total value of $750,300.00. Following the transaction, the executive vice president owned 90,915 shares in the company, valued at $2,273,784.15. The trade was a 24.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roger W. Jenkins bought 4,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the purchase, the director directly owned 6,383 shares in the company, valued at approximately $162,638.84. The trade was a 167.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is owned by insiders.

About Regions Financial

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.

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