Venture Visionary Partners LLC Purchases 107,048 Shares of Regions Financial Corporation $RF

Key Points

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Venture Visionary Partners LLC grew its holdings in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 37.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,771 shares of the bank's stock after buying an additional 107,048 shares during the quarter. Venture Visionary Partners LLC's holdings in Regions Financial were worth $8,600,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its stake in shares of Regions Financial by 12.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 55,499 shares of the bank's stock worth $1,303,000 after purchasing an additional 6,010 shares during the last quarter. Mariner LLC increased its stake in shares of Regions Financial by 11.1% during the 4th quarter. Mariner LLC now owns 147,721 shares of the bank's stock worth $3,474,000 after purchasing an additional 14,760 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Regions Financial by 14.5% during the 4th quarter. NewEdge Advisors LLC now owns 106,637 shares of the bank's stock worth $2,508,000 after purchasing an additional 13,538 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Regions Financial by 1,862.9% during the 4th quarter. Marshall Wace LLP now owns 692,502 shares of the bank's stock worth $16,288,000 after purchasing an additional 657,222 shares during the last quarter. Finally, GeoWealth Management LLC increased its stake in shares of Regions Financial by 84.5% during the 4th quarter. GeoWealth Management LLC now owns 17,622 shares of the bank's stock worth $414,000 after purchasing an additional 8,070 shares during the last quarter. 79.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Roger W. Jenkins purchased 4,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was bought at an average price of $25.48 per share, with a total value of $101,920.00. Following the acquisition, the director owned 6,383 shares in the company, valued at approximately $162,638.84. The trade was a 167.86% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David R. Keenan sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the sale, the executive vice president directly owned 90,915 shares of the company's stock, valued at approximately $2,273,784.15. This trade represents a 24.81% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

Regions Financial Stock Performance

Shares of NYSE:RF traded down $0.1440 on Thursday, reaching $25.7160. 14,219,341 shares of the company's stock were exchanged, compared to its average volume of 15,817,477. The company has a fifty day moving average of $24.59 and a 200-day moving average of $22.67. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.96. The company has a market capitalization of $22.95 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 1.49 and a beta of 1.01. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30.

Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Friday, July 18th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business posted $0.52 EPS. The business's revenue was up 10.1% compared to the same quarter last year. On average, research analysts predict that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.265 per share. This is a boost from Regions Financial's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.1%. Regions Financial's payout ratio is currently 46.51%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RF shares. Jefferies Financial Group initiated coverage on shares of Regions Financial in a research note on Wednesday, May 21st. They set a "hold" rating and a $24.00 price objective on the stock. Barclays reiterated an "underweight" rating and issued a $27.00 price target (up previously from $24.00) on shares of Regions Financial in a research note on Monday, July 21st. TD Cowen initiated coverage on shares of Regions Financial in a research note on Thursday, May 15th. They issued a "buy" rating and a $31.00 price target on the stock. Morgan Stanley upped their price target on shares of Regions Financial from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Finally, DA Davidson upped their price target on shares of Regions Financial from $25.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Eleven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.33.

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.