Versor Investments LP Purchases Shares of 15,000 Regions Financial Co. (NYSE:RF)

Versor Investments LP acquired a new stake in shares of Regions Financial Co. (NYSE:RF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,000 shares of the bank’s stock, valued at approximately $350,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. American National Bank & Trust increased its position in Regions Financial by 1,856.7% during the 3rd 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 in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Regions Financial in the first quarter worth $26,000. Quarry LP raised its stake in shares of Regions Financial by 157.2% in the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after acquiring an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Regions Financial by 530.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,256 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Regions Financial during the 2nd quarter valued at $32,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Up 0.3 %

NYSE:RF opened at $26.36 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. The company has a market capitalization of $23.96 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 2.73 and a beta of 1.16. Regions Financial Co. has a one year low of $15.79 and a one year high of $26.73. The stock has a 50-day simple moving average of $23.53 and a 200 day simple moving average of $21.53.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. Regions Financial’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. Sell-side analysts predict that Regions Financial Co. will post 2.1 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.79%. Regions Financial’s payout ratio is currently 56.50%.

Wall Street Analyst Weigh In

Several research firms have commented on RF. Evercore ISI raised their price objective on Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research report on Wednesday, October 2nd. Barclays raised their target price on Regions Financial from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Monday, October 21st. Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target for the company in a report on Tuesday, October 29th. Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Thursday, October 24th. Finally, Citigroup upped their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.18.

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.