Venture Visionary Partners LLC Has $9.48 Million Position in Regions Financial Corporation $RF

Venture Visionary Partners LLC increased its stake in shares of Regions Financial Corporation (NYSE:RF) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,220 shares of the bank’s stock after buying an additional 7,449 shares during the quarter. Venture Visionary Partners LLC’s holdings in Regions Financial were worth $9,484,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. American National Bank & Trust grew its position in Regions Financial by 2,433.3% during the second quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after buying an additional 1,022 shares in the last quarter. Bayforest Capital Ltd grew its position in Regions Financial by 637.3% during the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after buying an additional 1,058 shares in the last quarter. Rossby Financial LCC acquired a new stake in Regions Financial during the first quarter worth approximately $36,000. Grove Bank & Trust grew its position in Regions Financial by 76.6% during the first quarter. Grove Bank & Trust now owns 1,876 shares of the bank’s stock worth $41,000 after buying an additional 814 shares in the last quarter. Finally, Groupe la Francaise acquired a new stake in Regions Financial during the first quarter worth approximately $41,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Regions Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Citigroup increased their price target on Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Stephens upped their target price on Regions Financial from $24.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Barclays restated an “underweight” rating and set a $27.00 target price (up from $24.00) on shares of Regions Financial in a research note on Monday, July 21st. Finally, DA Davidson upped their target price on Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.58.

Regions Financial Stock Up 0.1%

Shares of RF opened at $26.63 on Monday. Regions Financial Corporation has a 52 week low of $17.74 and a 52 week high of $27.96. The stock has a market capitalization of $23.76 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.53 and a beta of 1.02. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a fifty day moving average of $26.33 and a 200-day moving average of $23.33.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, July 18th. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%.The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the company earned $0.52 EPS. Regions Financial’s revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Regions Financial Corporation will post 2.26 earnings per share 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 paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Regions Financial’s previous quarterly dividend of $0.25. Regions Financial’s dividend payout ratio is currently 49.30%.

Insiders Place Their Bets

In related news, Director Roger W. Jenkins bought 4,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average cost of $25.48 per share, with a total value of $101,920.00. Following the transaction, the director directly owned 6,383 shares in the company, valued at approximately $162,638.84. This trade represents a 167.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David R. Keenan sold 30,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total value of $750,300.00. Following the transaction, the executive vice president directly owned 90,915 shares of the company’s stock, valued at approximately $2,273,784.15. This represents a 24.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate 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.