Barnes Pettey Financial Advisors LLC Sells 456 Shares of Regions Financial Co. (NYSE:RF)

Barnes Pettey Financial Advisors LLC lowered its position in shares of Regions Financial Co. (NYSE:RF) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,860 shares of the bank’s stock after selling 456 shares during the period. Barnes Pettey Financial Advisors LLC’s holdings in Regions Financial were worth $608,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Quarry LP boosted its position in Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after purchasing an additional 394 shares in the last quarter. Ballentine Partners LLC lifted its position in Regions Financial by 2.5% during the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank’s stock valued at $411,000 after acquiring 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 valued at $581,000 after acquiring an additional 429 shares in the last quarter. CWM LLC increased its position in shares of Regions Financial by 1.1% during the third quarter. CWM LLC now owns 42,346 shares of the bank’s stock worth $988,000 after purchasing an additional 480 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its holdings in Regions Financial by 2.4% in the third quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock worth $515,000 after acquiring an additional 506 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Up 0.8 %

Shares of RF opened at $24.77 on Friday. Regions Financial Co. has a 52-week low of $17.42 and a 52-week high of $27.96. The company has a market capitalization of $22.51 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The stock has a fifty day simple moving average of $24.83 and a two-hundred day simple moving average of $23.64. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts forecast that Regions Financial Co. will post 2.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RF shares. Wells Fargo & Company lifted their price target on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Wedbush lifted their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Truist Financial raised their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded Regions Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $24.00 to $26.00 in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.