V Square Quantitative Management LLC Sells 455 Shares of Regions Financial Co. (NYSE:RF)

V Square Quantitative Management LLC cut its position in shares of Regions Financial Co. (NYSE:RF) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,632 shares of the bank’s stock after selling 455 shares during the period. V Square Quantitative Management LLC’s holdings in Regions Financial were worth $621,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. American National Bank & Trust raised its stake in shares of Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after buying an additional 1,114 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Regions Financial in the first quarter valued at about $26,000. Quarry LP raised its position in Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after purchasing an additional 816 shares in the last quarter. MV Capital Management Inc. lifted its stake in Regions Financial by 75.6% during the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after purchasing an additional 618 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,256 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RF. Truist Financial increased their target price on Regions Financial from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Citigroup increased their price objective on Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. The Goldman Sachs Group boosted their target price on shares of Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Wedbush upgraded shares of Regions Financial from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $23.00 to $28.00 in a research report on Tuesday, September 24th. Finally, Wells Fargo & Company boosted their price target on shares of Regions Financial from $18.00 to $22.00 and gave the company an “equal weight” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $22.86.

Regions Financial Price Performance

RF opened at $23.82 on Friday. The company has a fifty day moving average price of $22.65 and a two-hundred day moving average price of $20.88. The firm has a market capitalization of $21.81 billion, a PE ratio of 12.95, a P/E/G ratio of 2.80 and a beta of 1.17. Regions Financial Co. has a 52 week low of $13.72 and a 52 week high of $24.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the company posted $0.49 EPS. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, analysts anticipate that Regions Financial Co. will post 2.02 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.20%. Regions Financial’s dividend payout ratio is 54.35%.

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.