Barnes Pettey Financial Advisors LLC Sells 757 Shares of Regions Financial Co. (NYSE:RF)

Barnes Pettey Financial Advisors LLC reduced its stake in shares of Regions Financial Co. (NYSE:RF) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,316 shares of the bank’s stock after selling 757 shares during the quarter. Barnes Pettey Financial Advisors LLC’s holdings in Regions Financial were worth $614,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RF. American National Bank & Trust increased its stake in Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after purchasing an additional 1,114 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Regions Financial during the first quarter worth $26,000. Quarry LP raised its holdings in shares of Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after acquiring an additional 816 shares during the period. MV Capital Management Inc. lifted its position in Regions Financial by 75.6% in the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after acquiring an additional 618 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Regions Financial by 530.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after purchasing an additional 1,256 shares during the period. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Down 1.1 %

RF opened at $23.50 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. Regions Financial Co. has a 1-year low of $13.95 and a 1-year high of $24.47. The company has a market cap of $21.51 billion, a P/E ratio of 13.28, a PEG ratio of 2.54 and a beta of 1.17. The company’s 50 day moving average is $22.91 and its 200-day moving average is $21.00.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 earnings per share. Equities research analysts predict that Regions Financial Co. will post 2.05 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Monday, December 2nd. Regions Financial’s dividend payout ratio is presently 56.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. DA Davidson boosted their target price on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Jefferies Financial Group upped their target price on Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Truist Financial lifted their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Royal Bank of Canada lifted their target price on Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Regions Financial presently has an average rating of “Hold” and a consensus target price of $24.35.

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.