Teacher Retirement System of Texas Buys 4,647 Shares of Regions Financial Corporation $RF

Teacher Retirement System of Texas lifted its stake in shares of Regions Financial Corporation (NYSE:RF) by 3.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 137,576 shares of the bank’s stock after acquiring an additional 4,647 shares during the period. Teacher Retirement System of Texas’ holdings in Regions Financial were worth $3,236,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RF. Vontobel Holding Ltd. lifted its stake in Regions Financial by 5.3% during the first quarter. Vontobel Holding Ltd. now owns 13,855 shares of the bank’s stock worth $301,000 after purchasing an additional 700 shares during the last quarter. Rossby Financial LCC bought a new stake in Regions Financial in the 1st quarter worth approximately $36,000. First Horizon Advisors Inc. lifted its position in Regions Financial by 8.7% in the 1st quarter. First Horizon Advisors Inc. now owns 6,641 shares of the bank’s stock worth $144,000 after buying an additional 532 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Regions Financial by 6.9% in the first quarter. Principal Financial Group Inc. now owns 1,138,791 shares of the bank’s stock worth $24,746,000 after buying an additional 73,107 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in Regions Financial by 5.2% in the first quarter. Checchi Capital Advisers LLC now owns 20,761 shares of the bank’s stock worth $451,000 after buying an additional 1,028 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on RF. Citigroup lifted their price target on shares of Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. DA Davidson lifted their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Wall Street Zen upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Stephens reaffirmed an “equal weight” rating and set a $27.00 price objective (down from $30.00) on shares of Regions Financial in a research note on Tuesday, October 14th. Finally, Barclays reissued an “underweight” rating and issued a $27.00 target price (up previously from $24.00) on shares of Regions Financial in a research note on Monday, July 21st. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Regions Financial currently has a consensus rating of “Hold” and an average target price of $28.19.

Regions Financial Price Performance

RF stock opened at $24.21 on Friday. The stock has a market capitalization of $21.60 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 1.24 and a beta of 1.02. The firm’s 50-day moving average price is $25.92 and its two-hundred day moving average price is $24.07. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96.

Regions Financial (NYSE:RF) last posted its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. The company had revenue of $1.81 billion during the quarter. As a group, equities analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, December 1st. Regions Financial’s dividend payout ratio (DPR) is currently 46.70%.

Insider Activity at Regions Financial

In other Regions Financial news, Director Roger W. Jenkins bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the acquisition, the director directly owned 6,383 shares in the company, valued at $162,638.84. The trade was a 167.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David R. Keenan sold 30,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total value of $750,300.00. Following the completion of the sale, the executive vice president directly owned 90,915 shares of the company’s stock, valued at $2,273,784.15. The trade was a 24.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by insiders.

Regions Financial Profile

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.