Oregon Public Employees Retirement Fund Acquires 24,319 Shares of Regions Financial Corporation $RF

Oregon Public Employees Retirement Fund boosted its holdings in Regions Financial Corporation (NYSE:RF) by 31.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,020 shares of the bank’s stock after purchasing an additional 24,319 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Regions Financial were worth $2,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of RF. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial in the second quarter valued at about $25,000. CVA Family Office LLC raised its stake in shares of Regions Financial by 163.2% during the 2nd quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock worth $25,000 after purchasing an additional 656 shares in the last quarter. American National Bank & Trust boosted its holdings in shares of Regions Financial by 2,433.3% in 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. Salomon & Ludwin LLC bought a new position in shares of Regions Financial in the third quarter valued at $32,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Regions Financial in the second quarter valued at $30,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RF has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Regions Financial in a research note on Monday, December 29th. Cowen reiterated a “buy” rating on shares of Regions Financial in a research note on Tuesday, October 21st. Keefe, Bruyette & Woods boosted their price target on Regions Financial from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Regions Financial in a research report on Tuesday, January 6th. Finally, Citigroup increased their price target on Regions Financial from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.93.

Regions Financial Stock Down 0.9%

RF stock opened at $28.27 on Tuesday. The business’s fifty day moving average price is $26.41 and its two-hundred day moving average price is $25.88. The stock has a market capitalization of $24.79 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.02 and a beta of 1.03. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $29.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.81.

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

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, December 1st. Regions Financial’s payout ratio is 46.70%.

Regions Financial announced that its board has authorized a share repurchase plan on Wednesday, December 10th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the bank to repurchase up to 12.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.