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

Venture Visionary Partners LLC lifted its holdings in Regions Financial Corporation (NYSE:RF) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 440,794 shares of the bank’s stock after buying an additional 19,680 shares during the quarter. Venture Visionary Partners LLC owned about 0.05% of Regions Financial worth $11,946,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RF. Darwin Wealth Management LLC acquired a new stake in Regions Financial in the 2nd quarter valued at about $25,000. SouthState Bank Corp lifted its position in shares of Regions Financial by 94.1% during the fourth quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after purchasing an additional 538 shares in the last quarter. Spire Wealth Management grew its stake in shares of Regions Financial by 91.5% during the fourth quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock valued at $32,000 after purchasing an additional 557 shares during the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of Regions Financial by 260.4% in the fourth quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock valued at $32,000 after purchasing an additional 854 shares in the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Regions Financial in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RF. Truist Financial reaffirmed a “hold” rating and set a $30.00 price objective on shares of Regions Financial in a report on Tuesday, April 21st. Royal Bank Of Canada lifted their target price on Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Cantor Fitzgerald restated an “overweight” rating and set a $32.00 target price on shares of Regions Financial in a research report on Tuesday, March 3rd. Piper Sandler decreased their price target on Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, March 30th. Finally, DA Davidson lifted their price objective on Regions Financial from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $30.47.

Regions Financial Price Performance

Shares of RF stock opened at $29.24 on Monday. The firm’s 50 day moving average price is $27.79 and its two-hundred day moving average price is $27.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80. Regions Financial Corporation has a 52-week low of $21.40 and a 52-week high of $31.53. The stock has a market cap of $24.95 billion, a PE ratio of 12.18, a PEG ratio of 1.14 and a beta of 1.00.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, April 17th. The bank reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, analysts forecast that Regions Financial Corporation will post 2.61 EPS for the current year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $0.265 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 annualized dividend and a yield of 3.6%. Regions Financial’s dividend payout ratio is presently 44.17%.

Regions Financial Profile

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.