Barnes Pettey Financial Advisors LLC Purchases 29,028 Shares of Regions Financial Corporation $RF

Barnes Pettey Financial Advisors LLC increased its position in shares of Regions Financial Corporation (NYSE:RF) by 112.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,888 shares of the bank’s stock after buying an additional 29,028 shares during the quarter. Regions Financial accounts for about 0.9% of Barnes Pettey Financial Advisors LLC’s portfolio, making the stock its 27th biggest holding. Barnes Pettey Financial Advisors LLC’s holdings in Regions Financial were worth $1,291,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC grew its stake in shares of Regions Financial by 163.2% during the 2nd quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock worth $25,000 after acquiring an additional 656 shares in the last quarter. American National Bank & Trust boosted its holdings in Regions Financial by 2,433.3% during the second quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after purchasing an additional 1,022 shares during the last quarter. Bayforest Capital Ltd grew its position in Regions Financial by 637.3% in the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,058 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Regions Financial in the 2nd quarter valued at $30,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Regions Financial in the 2nd quarter valued at $32,000. Institutional investors own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

RF has been the subject of several analyst reports. Evercore ISI raised their price objective on Regions Financial from $28.00 to $29.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Stephens restated an “equal weight” rating and issued a $27.00 price target (down from $30.00) on shares of Regions Financial in a research note on Tuesday, October 14th. Cowen reaffirmed a “buy” rating on shares of Regions Financial in a research report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Regions Financial in a report on Wednesday, October 8th. Finally, Morgan Stanley set a $32.00 target price on shares of Regions Financial in a report on Monday, September 29th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $28.19.

Regions Financial Stock Performance

Shares of NYSE RF opened at $24.87 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $21.81 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.24 and a beta of 1.07. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.96. The stock has a 50 day moving average of $25.17 and a 200-day moving average of $24.54.

Regions Financial (NYSE:RF) last posted its quarterly 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 13.05% and a net margin of 22.49%.The business had revenue of $1.81 billion for the quarter. As a group, equities research analysts predict that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be issued a dividend of $0.265 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.06 annualized dividend and a dividend yield of 4.3%. Regions Financial’s payout ratio is presently 46.70%.

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.