Regions Financial Co. (NYSE:RF) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its position in Regions Financial Co. (NYSE:RF) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,086 shares of the bank’s stock after buying an additional 560 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Regions Financial were worth $492,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. American National Bank & Trust increased its holdings 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 buying an additional 1,114 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Regions Financial during the first quarter worth $26,000. Quarry LP lifted its holdings in shares of 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 purchasing an additional 816 shares during the last quarter. MV Capital Management Inc. increased its stake in Regions Financial by 75.6% in the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after purchasing an additional 618 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Regions Financial by 530.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after buying an additional 1,256 shares during the period. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Up 2.3 %

RF stock opened at $24.05 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The firm has a market cap of $22.03 billion, a PE ratio of 12.98, a PEG ratio of 2.54 and a beta of 1.17. Regions Financial Co. has a 1 year low of $13.95 and a 1 year high of $24.47. The company has a fifty day simple moving average of $22.91 and a 200 day simple moving average of $21.01.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm earned $0.49 EPS. Regions Financial’s quarterly revenue was down 3.7% on a year-over-year basis. Sell-side analysts anticipate that Regions Financial Co. will post 2.05 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 4.16%. Regions Financial’s dividend payout ratio (DPR) is presently 54.35%.

Wall Street Analyst Weigh In

RF has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $24.00 to $26.00 in a research report on Thursday, October 24th. Barclays lifted their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Jefferies Financial Group increased their target price on Regions Financial from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. The Goldman Sachs Group lifted their price target on Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Finally, Truist Financial increased their price objective on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.78.

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.