Visionary Wealth Advisors Purchases 3,390 Shares of Regions Financial Co. (NYSE:RF)

Visionary Wealth Advisors grew its position in Regions Financial Co. (NYSE:RF) by 27.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,956 shares of the bank’s stock after buying an additional 3,390 shares during the period. Visionary Wealth Advisors’ holdings in Regions Financial were worth $375,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RF. Y.D. More Investments Ltd raised its position in Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after buying an additional 634 shares during the last quarter. Sierra Ocean LLC purchased a new position in Regions Financial during the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management raised its position in Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after buying an additional 1,201 shares during the last quarter. Millstone Evans Group LLC purchased a new position in Regions Financial during the 4th quarter worth approximately $32,000. Finally, Creative Capital Management Investments LLC purchased a new position in Regions Financial during the 4th quarter worth approximately $44,000. 79.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the purchase, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Regions Financial Price Performance

Shares of NYSE RF opened at $22.24 on Wednesday. The firm has a market cap of $19.99 billion, a PE ratio of 11.46, a PEG ratio of 1.93 and a beta of 0.97. The firm has a fifty day moving average of $20.75 and a 200 day moving average of $23.19. 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 Co. has a one year low of $17.72 and a one year high of $27.96.

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

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 4.50%. Regions Financial’s dividend payout ratio (DPR) is presently 48.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Truist Financial reduced their price target on shares of Regions Financial from $24.00 to $21.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price target on shares of Regions Financial from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Keefe, Bruyette & Woods reduced their price target 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. TD Cowen assumed coverage on shares of Regions Financial in a report on Thursday, May 15th. They set a “buy” rating and a $31.00 target price for the company. Finally, Cowen assumed coverage on shares of Regions Financial in a report on Wednesday, May 14th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.80.

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.