17,815 Shares in Regions Financial Corporation $RF Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Regions Financial Corporation (NYSE:RF) during the 2nd quarter, Holdings Channel reports. The firm purchased 17,815 shares of the bank’s stock, valued at approximately $419,000.

A number of other hedge funds have also modified their holdings of the business. American National Bank & Trust grew its holdings in Regions Financial by 2,433.3% during the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock valued at $25,000 after buying an additional 1,022 shares during the last quarter. CVA Family Office LLC lifted its position in shares of Regions Financial by 163.2% in the second quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock valued at $25,000 after acquiring an additional 656 shares in the last quarter. Bayforest Capital Ltd lifted its position in shares of Regions Financial by 637.3% in the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,058 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Regions Financial during the second quarter valued at $30,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Regions Financial during the 2nd quarter worth about $32,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RF has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Regions Financial from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Regions Financial in a research report on Wednesday, October 8th. Morgan Stanley set a $32.00 target price on shares of Regions Financial in a research note on Monday, September 29th. Cowen reissued a “buy” rating on shares of Regions Financial in a research note on Tuesday, October 21st. Finally, Barclays reaffirmed an “underweight” rating and issued a $27.00 price objective (up previously from $24.00) on shares of Regions Financial in a research report on Monday, July 21st. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Regions Financial currently has an average rating of “Hold” and an average target price of $28.19.

Regions Financial Trading Down 0.1%

Shares of RF opened at $24.95 on Friday. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.96. The firm has a market capitalization of $21.87 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $25.44 and its 200 day simple moving average is $24.41.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%.The business had revenue of $1.81 billion for the quarter. On average, equities research analysts forecast that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be given a $0.265 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.06 annualized dividend and a dividend yield of 4.2%. Regions Financial’s dividend payout ratio is presently 46.70%.

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.