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

International Private Wealth Advisors LLC lessened its holdings in shares of Regions Financial Co. (NYSE:RF) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. increased its stake in Regions Financial by 281.7% during the 1st quarter. Bessemer Group Inc. now owns 79,593 shares of the bank’s stock valued at $1,675,000 after purchasing an additional 58,739 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in Regions Financial by 1,075.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 44,781 shares of the bank’s stock valued at $942,000 after purchasing an additional 40,972 shares in the last quarter. Swedbank AB bought a new stake in Regions Financial during the 1st quarter valued at $19,322,000. National Pension Service increased its stake in Regions Financial by 6.3% during the 3rd quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock valued at $40,175,000 after purchasing an additional 102,380 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Regions Financial by 47.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 275,757 shares of the bank’s stock worth $5,666,000 after acquiring an additional 89,045 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Performance

NYSE RF traded up $0.23 during trading on Thursday, hitting $26.33. 1,213,953 shares of the company’s stock traded hands, compared to its average volume of 7,911,942. The stock has a market capitalization of $23.93 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 2.74 and a beta of 1.16. Regions Financial Co. has a 12-month low of $15.79 and a 12-month high of $26.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The business has a 50 day moving average of $23.39 and a 200-day moving average of $21.47.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS 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 business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the company earned $0.49 earnings per share. Regions Financial’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Regions Financial Co. will post 2.1 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Monday, December 2nd. Regions Financial’s payout ratio is 56.50%.

Wall Street Analysts Forecast Growth

RF has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Morgan Stanley upped their target price on shares of Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. The Goldman Sachs Group upped their target price on shares of Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Finally, Citigroup upped their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.94.

About Regions Financial

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.