Regions Financial Co. (NYSE:RF) Shares Bought by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC increased its position in Regions Financial Co. (NYSE:RF) by 3.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,054 shares of the bank’s stock after acquiring an additional 675 shares during the period. Centennial Wealth Advisory LLC’s holdings in Regions Financial were worth $445,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in shares of Regions Financial during the first quarter valued at $26,000. American National Bank & Trust lifted its holdings in shares of Regions Financial by 1,856.7% during the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,114 shares during the last quarter. Quarry LP raised its position in Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after buying an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after buying an additional 1,256 shares during the period. Finally, Innealta Capital LLC acquired a new position in Regions Financial during the second quarter valued at $32,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Price Performance

Shares of NYSE RF traded up $1.80 during midday trading on Wednesday, reaching $25.42. 1,857,501 shares of the company traded hands, compared to its average volume of 7,868,029. The firm has a market cap of $23.26 billion, a PE ratio of 13.34, a PEG ratio of 2.47 and a beta of 1.16. The stock’s 50-day simple moving average is $23.12 and its 200-day simple moving average is $21.24. Regions Financial Co. has a 12 month low of $14.86 and a 12 month high of $25.67. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. As a group, equities analysts anticipate that Regions Financial Co. will post 2.1 earnings per share for the current fiscal 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 given 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 3.93%. Regions Financial’s payout ratio is currently 56.50%.

Analyst Ratings Changes

RF has been the topic of several recent analyst reports. Royal Bank of Canada upped their price target on Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Barclays upped their price target on Regions Financial from $22.00 to $25.00 and gave the company an “underweight” rating in a research report on Monday, October 21st. Truist Financial upped their target price on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their target price on Regions Financial from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a research report on Tuesday, October 29th. 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, Regions Financial currently has an average rating of “Moderate Buy” and a consensus target price of $25.45.

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.