Strs Ohio Sells 62,431 Shares of Regions Financial Co. (NYSE:RF)

Strs Ohio lowered its position in Regions Financial Co. (NYSE:RF) by 28.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 156,000 shares of the bank’s stock after selling 62,431 shares during the period. Strs Ohio’s holdings in Regions Financial were worth $3,023,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. boosted its holdings in Regions Financial by 0.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 448,505 shares of the bank’s stock worth $8,692,000 after buying an additional 3,300 shares during the period. Capital Advisors Inc. OK bought a new position in Regions Financial in the 4th quarter worth $1,940,000. Louisiana State Employees Retirement System bought a new position in Regions Financial in the 4th quarter worth $1,089,000. Koshinski Asset Management Inc. bought a new position in Regions Financial in the 4th quarter worth $565,000. Finally, Vaughan David Investments LLC IL boosted its holdings in shares of Regions Financial by 48.9% during the 4th quarter. Vaughan David Investments LLC IL now owns 2,470,891 shares of the bank’s stock valued at $47,886,000 after purchasing an additional 811,174 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

RF has been the subject of several research reports. Stephens reissued an “equal weight” rating and set a $21.00 price objective on shares of Regions Financial in a report on Tuesday, January 23rd. Barclays reissued an “underweight” rating and set a $22.00 price objective (up previously from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Argus downgraded shares of Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. StockNews.com downgraded shares of Regions Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Finally, Jefferies Financial Group raised shares of Regions Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $15.00 to $22.00 in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Regions Financial currently has a consensus rating of “Hold” and a consensus target price of $20.39.

Regions Financial Stock Performance

Regions Financial stock opened at $19.00 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. Regions Financial Co. has a 1-year low of $13.72 and a 1-year high of $21.08. The firm has a market capitalization of $17.46 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 1.36 and a beta of 1.21. The company’s 50-day moving average is $19.30 and its 200 day moving average is $17.97.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 19th. The bank reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the company earned $0.67 earnings per share. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. Research analysts forecast that Regions Financial Co. will post 1.98 EPS for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend is Monday, June 3rd. Regions Financial’s dividend payout ratio (DPR) is currently 45.93%.

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.