Voloridge Investment Management LLC Has $852,000 Stock Position in Regions Financial Co. (NYSE:RF)

Voloridge Investment Management LLC decreased its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 96.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,226 shares of the bank's stock after selling 949,901 shares during the quarter. Voloridge Investment Management LLC's holdings in Regions Financial were worth $852,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its holdings in shares of Regions Financial by 12.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 75,504 shares of the bank's stock valued at $1,776,000 after acquiring an additional 8,579 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Regions Financial by 22.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,216 shares of the bank's stock valued at $358,000 after purchasing an additional 2,822 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Regions Financial during the 4th quarter valued at about $225,000. Pacer Advisors Inc. grew its position in Regions Financial by 51.7% in the 4th quarter. Pacer Advisors Inc. now owns 102,951 shares of the bank's stock worth $2,421,000 after purchasing an additional 35,099 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in shares of Regions Financial by 74.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 21,879 shares of the bank's stock valued at $515,000 after purchasing an additional 9,371 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Price Performance

Shares of NYSE RF traded down $0.15 during trading on Friday, hitting $21.42. The company had a trading volume of 12,193,658 shares, compared to its average volume of 8,135,476. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The business's 50-day moving average is $20.69 and its 200 day moving average is $22.99. The company has a market cap of $19.26 billion, a P/E ratio of 11.04, a PEG ratio of 1.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm earned $0.37 earnings per share. Equities research analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio (DPR) is currently 48.08%.

Wall Street Analyst Weigh In

RF has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price objective on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company reduced their price target on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Morgan Stanley decreased their price target on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Truist Financial restated a "hold" rating on shares of Regions Financial in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $25.80.

Insider Activity

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $21.18 per share, with a total value of $48,714.00. Following the purchase, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. The trade was a 15.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.29% of the stock is owned by company insiders.

Regions Financial Company Profile

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.