Regions Financial Corporation (RF) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its stake in shares of Regions Financial Corporation (NYSE:RF) by 16.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,242,301 shares of the bank’s stock after selling 449,629 shares during the period. Retirement Systems of Alabama owned 0.19% of Regions Financial Corporation worth $34,150,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Salem Investment Counselors Inc. increased its position in shares of Regions Financial Corporation by 0.3% in the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock worth $134,000 after acquiring an additional 26 shares in the last quarter. IFC Holdings Incorporated FL grew its holdings in Regions Financial Corporation by 0.3% during the 2nd quarter. IFC Holdings Incorporated FL now owns 20,289 shares of the bank’s stock valued at $295,000 after purchasing an additional 58 shares in the last quarter. Advisor Partners LLC grew its holdings in Regions Financial Corporation by 0.3% during the 2nd quarter. Advisor Partners LLC now owns 20,041 shares of the bank’s stock valued at $293,000 after purchasing an additional 59 shares in the last quarter. Lbmc Investment Advisors LLC grew its holdings in Regions Financial Corporation by 0.3% during the 2nd quarter. Lbmc Investment Advisors LLC now owns 31,904 shares of the bank’s stock valued at $467,000 after purchasing an additional 109 shares in the last quarter. Finally, Huntington National Bank grew its holdings in Regions Financial Corporation by 0.9% during the 2nd quarter. Huntington National Bank now owns 17,347 shares of the bank’s stock valued at $254,000 after purchasing an additional 161 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

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In other Regions Financial Corporation news, EVP Scott M. Peters sold 25,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $15.84, for a total transaction of $396,000.00. Following the transaction, the executive vice president now owns 121,459 shares of the company’s stock, valued at approximately $1,923,910.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John B. Owen sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total transaction of $626,800.00. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

Regions Financial Corporation (NYSE RF) traded down $0.11 during trading on Monday, reaching $15.17. 11,869,800 shares of the company’s stock traded hands, compared to its average volume of 15,297,376. The firm has a market cap of $17,596.76, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.84 and a current ratio of 0.85. Regions Financial Corporation has a 52-week low of $12.00 and a 52-week high of $16.03.

Regions Financial Corporation (NYSE:RF) last released its earnings results on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial Corporation had a net margin of 20.14% and a return on equity of 7.56%. Regions Financial Corporation’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned $0.24 EPS. equities research analysts anticipate that Regions Financial Corporation will post 0.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.36 annualized dividend and a yield of 2.37%. Regions Financial Corporation’s payout ratio is 37.50%.

RF has been the topic of a number of research analyst reports. J P Morgan Chase & Co increased their price objective on shares of Regions Financial Corporation from $15.50 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Nomura reiterated a “neutral” rating and set a $17.00 price objective (up from $16.00) on shares of Regions Financial Corporation in a research note on Thursday, October 26th. Royal Bank Of Canada reiterated a “hold” rating and set a $16.00 price objective on shares of Regions Financial Corporation in a research note on Wednesday, October 25th. FBR & Co reiterated a “hold” rating and set a $16.00 price objective on shares of Regions Financial Corporation in a research note on Wednesday, October 25th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $16.00 price objective (up from $15.00) on shares of Regions Financial Corporation in a research note on Monday, October 9th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Regions Financial Corporation currently has a consensus rating of “Hold” and an average price target of $15.31.

Regions Financial Corporation Company Profile

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.

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

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