Barnes Pettey Financial Advisors LLC Has $608,000 Stake in Regions Financial Co. (NYSE:RF)

Barnes Pettey Financial Advisors LLC reduced its stake in Regions Financial Co. (NYSE:RF) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust grew its holdings in Regions Financial by 1,856.7% during the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after buying an additional 1,114 shares in the last quarter. Quarry LP lifted its position in shares of Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after buying an additional 816 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Regions Financial in the third quarter valued at approximately $37,000. Legacy Investment Solutions LLC bought a new stake in shares of Regions Financial during the 3rd quarter worth $37,000. Finally, Bruce G. Allen Investments LLC increased its position in Regions Financial by 163.1% in the third quarter. Bruce G. Allen Investments LLC now owns 2,392 shares of the bank’s stock worth $56,000 after buying an additional 1,483 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Stock Up 0.8 %

NYSE 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 quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $22.51 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The stock’s 50-day moving average price is $24.83 and its 200-day moving average price is $23.64.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping 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 analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm earned $0.39 EPS. The firm’s revenue was up .2% compared to the same quarter last year. On average, equities research analysts predict that Regions Financial Co. will post 2.27 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 target price (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Compass Point raised their price objective on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from $27.00 to $28.00 in a research report on Thursday, October 31st. Wedbush lifted their price target on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group increased their target price on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Regions Financial has an average rating of “Moderate Buy” and a consensus 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.