International Private Wealth Advisors LLC Sells 935 Shares of Regions Financial Co. (NYSE:RF)

International Private Wealth Advisors LLC trimmed its stake in Regions Financial Co. (NYSE:RF) by 5.6% during the 3rd quarter, Holdings Channel reports. The firm owned 15,764 shares of the bank’s stock after selling 935 shares during the quarter. International Private Wealth Advisors LLC’s holdings in Regions Financial were worth $368,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Regions Financial by 13.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock valued at $201,238,000 after purchasing an additional 1,014,706 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Regions Financial by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock valued at $285,562,000 after purchasing an additional 979,597 shares during the period. Swedbank AB purchased a new stake in shares of Regions Financial during the first quarter valued at approximately $19,322,000. AE Wealth Management LLC boosted its stake in shares of Regions Financial by 1,533.3% during the second quarter. AE Wealth Management LLC now owns 645,659 shares of the bank’s stock valued at $12,939,000 after purchasing an additional 606,129 shares during the period. Finally, Interval Partners LP purchased a new stake in shares of Regions Financial during the second quarter valued at approximately $11,095,000. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Up 0.9 %

Shares of NYSE:RF traded up $0.23 on Thursday, hitting $26.33. 1,213,953 shares of the company traded hands, compared to its average volume of 7,911,942. Regions Financial Co. has a 52 week low of $15.79 and a 52 week high of $26.73. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $23.39 and a 200-day simple moving average of $21.47. The company has a market cap of $23.93 billion, a PE ratio of 14.74, a PEG ratio of 2.74 and a beta of 1.16.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. Regions Financial’s revenue was down 3.7% compared to the same quarter last year. As a group, research analysts expect that Regions Financial Co. will post 2.1 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.80%. Regions Financial’s payout ratio is presently 56.50%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays raised their price target on Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Thursday, October 24th. Truist Financial raised their price target on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target for the company in a research note on Tuesday, October 29th. Finally, DA Davidson raised their price target on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Regions Financial has a consensus rating of “Moderate Buy” and an average target price of $25.94.

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.