Versant Capital Management Inc Has $81,000 Holdings in Regions Financial Co. (NYSE:RF)

Versant Capital Management Inc boosted its stake in Regions Financial Co. (NYSE:RF) by 53.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,425 shares of the bank’s stock after buying an additional 1,198 shares during the period. Versant Capital Management Inc’s holdings in Regions Financial were worth $81,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its position in shares of Regions Financial by 0.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 207,786 shares of the bank’s stock worth $4,164,000 after purchasing an additional 1,771 shares during the period. Natixis Advisors LLC lifted its holdings in Regions Financial by 4.7% in the second quarter. Natixis Advisors LLC now owns 133,998 shares of the bank’s stock valued at $2,685,000 after buying an additional 6,070 shares during the period. Foundations Investment Advisors LLC bought a new stake in Regions Financial during the second quarter valued at $247,000. Larson Financial Group LLC grew its holdings in Regions Financial by 105.0% during the 2nd quarter. Larson Financial Group LLC now owns 5,149 shares of the bank’s stock worth $103,000 after acquiring an additional 2,637 shares during the period. Finally, National Bank of Canada FI raised its position in shares of Regions Financial by 23.2% in the 2nd quarter. National Bank of Canada FI now owns 252,317 shares of the bank’s stock worth $5,021,000 after acquiring an additional 47,465 shares in the last quarter. 79.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Evercore ISI raised their target price on Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, October 24th. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Barclays upped their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.61.

Regions Financial Price Performance

RF opened at $23.62 on Friday. Regions Financial Co. has a 1 year low of $17.42 and a 1 year high of $27.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market capitalization of $21.47 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 2.64 and a beta of 1.21. The firm’s fifty day moving average price is $25.20 and its two-hundred day moving average price is $23.04.

Regions Financial (NYSE:RF) last posted 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 firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. As a group, analysts anticipate that Regions Financial Co. will post 2.12 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.23%. Regions Financial’s dividend payout ratio (DPR) is presently 56.50%.

Regions Financial 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.