Venture Visionary Partners LLC Reduces Stock Position in Regions Financial Co. (NYSE:RF)

Venture Visionary Partners LLC decreased its position in Regions Financial Co. (NYSE:RF - Free Report) by 12.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,345 shares of the bank's stock after selling 38,900 shares during the quarter. Venture Visionary Partners LLC's holdings in Regions Financial were worth $6,401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased its position in shares of Regions Financial by 8.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 17,642 shares of the bank's stock worth $346,000 after acquiring an additional 1,401 shares during the period. Quadrature Capital Ltd increased its position in shares of Regions Financial by 8.2% during the fourth quarter. Quadrature Capital Ltd now owns 15,806 shares of the bank's stock worth $306,000 after acquiring an additional 1,196 shares during the period. Mather Group LLC. acquired a new position in shares of Regions Financial during the first quarter worth $48,000. Park Avenue Securities LLC grew its stake in shares of Regions Financial by 22.7% during the first quarter. Park Avenue Securities LLC now owns 57,032 shares of the bank's stock worth $1,200,000 after purchasing an additional 10,561 shares in the last quarter. Finally, RFG Advisory LLC grew its stake in shares of Regions Financial by 6.5% during the first quarter. RFG Advisory LLC now owns 55,882 shares of the bank's stock worth $1,176,000 after purchasing an additional 3,391 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company's stock.

Regions Financial Stock Performance

NYSE RF traded down $0.20 during trading hours on Monday, hitting $23.62. 11,432,762 shares of the stock were exchanged, compared to its average volume of 7,943,367. The company has a market cap of $21.63 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 2.80 and a beta of 1.17. Regions Financial Co. has a 12-month low of $13.72 and a 12-month high of $24.47. The stock has a 50-day moving average of $22.70 and a 200 day moving average of $20.91. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. The firm had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.80 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. As a group, equities research analysts forecast that Regions Financial Co. will post 2.02 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.23%. Regions Financial's dividend payout ratio (DPR) is presently 54.35%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley boosted 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. Citigroup boosted 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. DA Davidson boosted their target price on shares of Regions Financial from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday. Royal Bank of Canada boosted their target price on shares of Regions Financial from $21.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, July 22nd. Finally, Truist Financial upped their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $23.64.

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.