Teachers Retirement System of The State of Kentucky Has $1.61 Million Position in Regions Financial Co. (NYSE:RF)

Teachers Retirement System of The State of Kentucky lessened its stake in shares of Regions Financial Co. (NYSE:RF) by 6.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 68,886 shares of the bank’s stock after selling 4,763 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Regions Financial were worth $1,607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of RF. American National Bank & Trust increased its position in Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after buying an additional 1,114 shares during the period. Quarry LP increased its position in Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after acquiring an additional 816 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Regions Financial by 530.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after purchasing an additional 1,256 shares in the last quarter. Truvestments Capital LLC bought a new stake in Regions Financial in the 3rd quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Regions Financial during the 3rd quarter worth approximately $37,000. Institutional investors own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RF shares. DA Davidson boosted their price target on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Evercore ISI increased their target price on Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group boosted their price target on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. Finally, Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.61.

Regions Financial Stock Down 2.3 %

NYSE:RF opened at $24.60 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a one year low of $17.42 and a one year high of $27.96. The firm’s 50 day simple moving average is $25.20 and its 200 day simple moving average is $22.64. The company has a market cap of $22.36 billion, a PE ratio of 13.90, a P/E/G ratio of 2.64 and a beta of 1.19.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. On average, research analysts anticipate that Regions Financial Co. will post 2.12 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.07%. Regions Financial’s dividend payout ratio (DPR) is 56.50%.

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.