Venture Visionary Partners LLC Purchases 19,680 Shares of Regions Financial Corporation $RF

Venture Visionary Partners LLC grew its position in Regions Financial Corporation (NYSE:RF) by 4.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 440,794 shares of the bank’s stock after acquiring an additional 19,680 shares during the period. Venture Visionary Partners LLC’s holdings in Regions Financial were worth $11,946,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RF. Norges Bank acquired a new stake in Regions Financial during the 4th quarter worth $254,564,000. Victory Capital Management Inc. grew its stake in Regions Financial by 68.9% in the fourth quarter. Victory Capital Management Inc. now owns 22,836,163 shares of the bank’s stock valued at $618,860,000 after acquiring an additional 9,312,449 shares during the period. First Trust Advisors LP increased its holdings in shares of Regions Financial by 118.6% in the fourth quarter. First Trust Advisors LP now owns 7,604,482 shares of the bank’s stock worth $206,081,000 after acquiring an additional 4,125,776 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Regions Financial by 286.2% in the third quarter. Qube Research & Technologies Ltd now owns 4,022,031 shares of the bank’s stock worth $106,061,000 after acquiring an additional 2,980,505 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Regions Financial by 151.2% during the third quarter. AQR Capital Management LLC now owns 3,939,544 shares of the bank’s stock worth $103,886,000 after purchasing an additional 2,371,048 shares during the period. Institutional investors own 79.39% of the company’s stock.

Regions Financial Stock Down 0.1%

RF stock opened at $29.24 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $24.95 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.14 and a beta of 1.00. Regions Financial Corporation has a fifty-two week low of $21.40 and a fifty-two week high of $31.53. The business has a 50-day moving average of $27.79 and a 200-day moving average of $27.67.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.Regions Financial’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 EPS. On average, sell-side analysts anticipate that Regions Financial Corporation will post 2.61 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.265 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.6%. Regions Financial’s dividend payout ratio (DPR) is 44.17%.

Insider Activity

In other news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Truist Financial reiterated a “hold” rating and issued a $30.00 price objective on shares of Regions Financial in a research report on Tuesday, April 21st. Piper Sandler dropped their target price on shares of Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, March 30th. Royal Bank Of Canada lifted their price target on shares of Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. DA Davidson upped their price target on shares of Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Brean Capital started coverage on shares of Regions Financial in a research report on Thursday, March 12th. They set a “neutral” rating for the company. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.47.

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.