Regions Financial Corp (NYSE:RF) Holdings Decreased by California Public Employees Retirement System

California Public Employees Retirement System decreased its stake in shares of Regions Financial Corp (NYSE:RF) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,991,930 shares of the bank’s stock after selling 149,266 shares during the period. California Public Employees Retirement System owned approximately 0.36% of Regions Financial worth $74,170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RF. IFG Advisory LLC purchased a new position in Regions Financial during the 4th quarter valued at about $306,000. AdvisorNet Financial Inc purchased a new position in Regions Financial during the 1st quarter valued at about $117,000. Avestar Capital LLC purchased a new position in Regions Financial during the 4th quarter valued at about $135,000. Signaturefd LLC purchased a new position in Regions Financial during the 1st quarter valued at about $167,000. Finally, Captrust Financial Advisors purchased a new position in Regions Financial during the 4th quarter valued at about $166,000. 74.98% of the stock is currently owned by hedge funds and other institutional investors.

RF has been the subject of a number of recent research reports. ValuEngine raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, June 6th. B. Riley lifted their price target on shares of Regions Financial from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, April 24th. Finally, Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Regions Financial in a research report on Sunday, April 22nd. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $17.56.



In other Regions Financial news, EVP William D. Ritter sold 112,333 shares of the company’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $18.64, for a total value of $2,093,887.12. Following the completion of the transaction, the executive vice president now directly owns 198,163 shares in the company, valued at $3,693,758.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scott M. Peters sold 70,000 shares of the company’s stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $18.94, for a total transaction of $1,325,800.00. Following the completion of the transaction, the executive vice president now owns 50,486 shares of the company’s stock, valued at $956,204.84. The disclosure for this sale can be found here. Insiders have sold 518,290 shares of company stock valued at $9,879,551 over the last 90 days. 0.84% of the stock is currently owned by company insiders.

Shares of RF stock opened at $18.62 on Friday. Regions Financial Corp has a 52 week low of $13.02 and a 52 week high of $20.21. The company has a market capitalization of $21.19 billion, a PE ratio of 18.62, a P/E/G ratio of 0.96 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.85.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, April 20th. The bank reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Regions Financial had a net margin of 22.06% and a return on equity of 8.75%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business posted $0.23 earnings per share. equities research analysts anticipate that Regions Financial Corp will post 1.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 8th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.93%. Regions Financial’s dividend payout ratio is presently 36.00%.

Regions Financial Company Profile

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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