Teachers Advisors LLC boosted its stake in shares of Regions Financial Corp (NYSE:RF) by 14.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,716,367 shares of the bank’s stock after acquiring an additional 870,111 shares during the period. Teachers Advisors LLC owned 0.59% of Regions Financial worth $116,059,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Welch Investments LLC purchased a new position in Regions Financial during the fourth quarter valued at $120,000. Avestar Capital LLC purchased a new position in Regions Financial during the fourth quarter valued at $135,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Regions Financial in the 3rd quarter worth $150,000. American Century Companies Inc. purchased a new position in shares of Regions Financial in the 3rd quarter worth $159,000. Finally, Independent Advisor Alliance purchased a new position in shares of Regions Financial in the 3rd quarter worth $165,000. 76.33% of the stock is owned by institutional investors.
In related news, EVP Ronald G. Smith sold 92,301 shares of Regions Financial stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $19.32, for a total transaction of $1,783,255.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott M. Peters sold 25,627 shares of Regions Financial stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total transaction of $499,726.50. Following the sale, the executive vice president now owns 240,796 shares of the company’s stock, valued at approximately $4,695,522. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.
A number of brokerages have commented on RF. Morgan Stanley lifted their price objective on shares of Regions Financial from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. ValuEngine raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Barclays reissued a “sell” rating and issued a $20.00 price objective on shares of Regions Financial in a research note on Tuesday, January 23rd. B. Riley reissued a “hold” rating and issued a $19.00 price objective on shares of Regions Financial in a research note on Monday, January 22nd. Finally, Sandler O’Neill raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $17.24.
Shares of Regions Financial Corp (NYSE:RF) opened at $19.71 on Wednesday. The stock has a market cap of $22,361.49, a PE ratio of 19.92, a PEG ratio of 1.48 and a beta of 1.27. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53. Regions Financial Corp has a twelve month low of $13.00 and a twelve month high of $20.21.
Regions Financial (NYSE:RF) last released its earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.23 EPS. research analysts expect that Regions Financial Corp will post 1.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be issued a $0.09 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.83%. Regions Financial’s dividend payout ratio (DPR) is presently 36.00%.
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About Regions Financial
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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