Public Employees Retirement Association of Colorado Has $1.82 Million Holdings in Regions Financial Co. (NYSE:RF)

Public Employees Retirement Association of Colorado grew its position in shares of Regions Financial Co. (NYSE:RFFree Report) by 1,676.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 93,711 shares of the bank’s stock after purchasing an additional 88,437 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Regions Financial were worth $1,816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. raised its position in shares of Regions Financial by 16.5% in the 4th quarter. Whittier Trust Co. now owns 3,881 shares of the bank’s stock worth $75,000 after acquiring an additional 549 shares in the last quarter. Pinnacle Financial Partners Inc grew its position in shares of Regions Financial by 0.4% during the 4th quarter. Pinnacle Financial Partners Inc now owns 144,317 shares of the bank’s stock worth $2,797,000 after buying an additional 606 shares during the period. Laurel Wealth Advisors LLC increased its stake in shares of Regions Financial by 86.5% in the 4th quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock valued at $27,000 after acquiring an additional 649 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Regions Financial by 2.6% during the 4th quarter. SG Americas Securities LLC now owns 25,569 shares of the bank’s stock valued at $496,000 after acquiring an additional 654 shares during the period. Finally, Bangor Savings Bank boosted its stake in Regions Financial by 1.5% during the fourth quarter. Bangor Savings Bank now owns 45,952 shares of the bank’s stock worth $891,000 after acquiring an additional 667 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insider Buying and Selling at Regions Financial

In other news, Director William C. Rhodes III bought 50,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was acquired at an average cost of $19.37 per share, with a total value of $968,500.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $968,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Regions Financial news, Director William C. Rhodes III bought 50,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was purchased at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at $968,500. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP William D. Ritter sold 23,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $19.95, for a total transaction of $458,850.00. Following the completion of the sale, the executive vice president now directly owns 41,671 shares in the company, valued at approximately $831,336.45. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Regions Financial Stock Down 0.2 %

Shares of NYSE:RF opened at $18.60 on Monday. The company has a market capitalization of $17.03 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. Regions Financial Co. has a 1 year low of $13.72 and a 1 year high of $21.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The business has a fifty day moving average price of $19.53 and a two-hundred day moving average price of $18.97.

Regions Financial (NYSE:RFGet Free Report) last posted its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The business’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. Analysts forecast that Regions Financial Co. will post 1.96 earnings per share for the current year.

Regions Financial Dividend Announcement

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 paid a $0.24 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.96 annualized dividend and a yield of 5.16%. Regions Financial’s payout ratio is 52.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on RF shares. Citigroup raised shares of Regions Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $20.00 to $23.00 in a research note on Monday, March 18th. Piper Sandler increased their target price on Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Morgan Stanley lowered their price objective on shares of Regions Financial from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. Keefe, Bruyette & Woods lifted their price objective on shares of Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Finally, Evercore ISI upped their target price on shares of Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.34.

Get Our Latest Stock Report on Regions Financial

About Regions Financial

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding RF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regions Financial Co. (NYSE:RFFree Report).

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

Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.