Versant Capital Management Inc Purchases 1,198 Shares of Regions Financial Co. (NYSE:RF)

Versant Capital Management Inc increased its position in Regions Financial Co. (NYSE:RF) by 53.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,425 shares of the bank’s stock after purchasing an additional 1,198 shares during the quarter. Versant Capital Management Inc’s holdings in Regions Financial were worth $81,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RF. American National Bank & Trust boosted its position in Regions Financial by 1,856.7% during the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after purchasing an additional 1,114 shares during the period. Quarry LP boosted its holdings in shares of Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after buying an additional 816 shares during the period. Truvestments Capital LLC acquired a new position in Regions Financial in the 3rd quarter valued at about $37,000. Legacy Investment Solutions LLC bought a new position in Regions Financial in the 3rd quarter valued at about $37,000. Finally, Benjamin Edwards Inc. lifted its position in Regions Financial by 47.0% during the second quarter. Benjamin Edwards Inc. now owns 2,027 shares of the bank’s stock worth $41,000 after acquiring an additional 648 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RF shares. Deutsche Bank Aktiengesellschaft raised Regions Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $24.00 to $26.00 in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price objective on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Piper Sandler lifted their target price on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Compass Point upped their price target on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.61.

Regions Financial Price Performance

Regions Financial stock opened at $23.62 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 52 week low of $17.42 and a 52 week high of $27.96. The stock has a market capitalization of $21.47 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21. The stock has a fifty day moving average of $25.20 and a 200-day moving average of $23.04.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. Regions Financial’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. On average, sell-side analysts expect that Regions Financial Co. will post 2.12 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date was Monday, December 2nd. Regions Financial’s payout ratio is 56.50%.

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.