Regions Financial Co. (NYSE:RF) Shares Bought by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC raised its position in Regions Financial Co. (NYSE:RF) by 2.5% during the 3rd quarter, Holdings Channel reports. The firm owned 73,117 shares of the bank’s stock after acquiring an additional 1,814 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Regions Financial were worth $1,706,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in shares of Regions Financial in the first quarter valued at $26,000. American National Bank & Trust lifted its position in shares of Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,114 shares in the last quarter. Quarry LP lifted its position in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after acquiring an additional 816 shares in the last quarter. MV Capital Management Inc. lifted its position in shares of Regions Financial by 75.6% in the first 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. lifted its position in shares of Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,256 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of NYSE:RF opened at $23.99 on Thursday. The firm has a market capitalization of $21.97 billion, a PE ratio of 13.04, a P/E/G ratio of 2.80 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50-day moving average of $22.52 and a two-hundred day moving average of $20.83. Regions Financial Co. has a 12 month low of $13.72 and a 12 month high of $24.33.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, July 19th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. As a group, research analysts forecast that Regions Financial Co. will post 2.02 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.17%. Regions Financial’s dividend payout ratio (DPR) is currently 54.35%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Truist Financial upped their price objective on Regions Financial from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Wells Fargo & Company upped their price objective on Regions Financial from $18.00 to $22.00 and gave the company an “equal weight” rating in a research report on Monday, July 22nd. Bank of America increased their target price on Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Royal Bank of Canada increased their target price on Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, Citigroup increased their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.86.

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.