Versor Investments LP Has $560,000 Position in Regions Financial Corporation $RF

Versor Investments LP decreased its holdings in Regions Financial Corporation (NYSE:RF) by 66.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,242 shares of the bank’s stock after selling 42,000 shares during the quarter. Versor Investments LP’s holdings in Regions Financial were worth $560,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Darwin Wealth Management LLC bought a new stake in Regions Financial in the second quarter valued at about $25,000. CVA Family Office LLC boosted its holdings in Regions Financial by 163.2% during the second quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after purchasing an additional 656 shares in the last quarter. United Community Bank bought a new stake in shares of Regions Financial in the 3rd quarter valued at approximately $30,000. Salomon & Ludwin LLC acquired a new position in shares of Regions Financial in the 3rd quarter worth approximately $32,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Regions Financial during the 2nd quarter worth approximately $30,000. 79.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RF has been the topic of a number of analyst reports. Piper Sandler upped their price target on Regions Financial from $29.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. UBS Group reaffirmed a “neutral” rating and issued a $30.00 target price on shares of Regions Financial in a report on Wednesday, February 4th. Wells Fargo & Company cut shares of Regions Financial from an “equal weight” rating to an “underweight” rating and set a $30.00 target price for the company. in a research report on Friday, January 16th. The Goldman Sachs Group restated a “buy” rating and issued a $32.00 price target on shares of Regions Financial in a research report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regions Financial in a research note on Monday, December 29th. Six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.84.

Insider Buying and Selling at Regions Financial

In other news, EVP William D. Ritter sold 36,000 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $28.78, for a total value of $1,036,080.00. Following the transaction, the executive vice president owned 17,569 shares of the company’s stock, valued at approximately $505,635.82. This trade represents a 67.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is currently owned by insiders.

Regions Financial Stock Up 0.4%

Shares of NYSE:RF opened at $30.96 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. The firm has a market cap of $27.15 billion, a P/E ratio of 13.52, a P/E/G ratio of 1.09 and a beta of 1.04. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $31.32. The company’s 50-day moving average price is $28.16 and its two-hundred day moving average price is $26.48.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 16th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. Regions Financial had a return on equity of 12.55% and a net margin of 22.44%.Regions Financial’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 earnings per share. As a group, research analysts forecast that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, March 2nd. Regions Financial’s dividend payout ratio (DPR) is 46.29%.

Regions Financial announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 10th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the bank to reacquire up to 12.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.