Regions Financial Co. (NYSE:RF) Position Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in shares of Regions Financial Co. (NYSE:RF) by 96.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 423,785 shares of the bank’s stock after purchasing an additional 207,595 shares during the period. Teacher Retirement System of Texas’ holdings in Regions Financial were worth $9,967,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RF. Natixis Advisors LLC raised its holdings in Regions Financial by 9.0% during the third quarter. Natixis Advisors LLC now owns 146,031 shares of the bank’s stock worth $3,407,000 after purchasing an additional 12,033 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Regions Financial by 9.2% in the third quarter. Thrivent Financial for Lutherans now owns 79,453 shares of the bank’s stock valued at $1,855,000 after buying an additional 6,665 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of Regions Financial by 1.2% in the third quarter. Pathstone Holdings LLC now owns 268,376 shares of the bank’s stock valued at $6,263,000 after buying an additional 3,222 shares in the last quarter. Caprock Group LLC increased its holdings in shares of Regions Financial by 4.5% in the third quarter. Caprock Group LLC now owns 19,093 shares of the bank’s stock valued at $450,000 after buying an additional 827 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of Regions Financial by 24.9% in the third quarter. Intech Investment Management LLC now owns 104,866 shares of the bank’s stock valued at $2,447,000 after buying an additional 20,929 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Down 0.0 %

NYSE RF opened at $21.68 on Friday. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $19.63 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The firm’s fifty day simple moving average is $23.46 and its 200-day simple moving average is $23.95.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. As a group, sell-side analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s payout ratio is 51.55%.

Insiders Place Their Bets

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now directly owns 17,486 shares of the company’s stock, valued at $370,353.48. This represents a 15.15 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have acquired 3,993 shares of company stock valued at $89,682 over the last three months. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RF has been the topic of several research reports. Piper Sandler upped their price target on Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Compass Point upped their price target on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Citigroup lowered their price objective on shares of Regions Financial from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Morgan Stanley reissued an “equal weight” rating and set a $32.00 target price (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Finally, The Goldman Sachs Group boosted their target price on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.44.

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.