Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Position in Regions Financial Co. (NYSE:RF)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Regions Financial Co. (NYSE:RF) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,252 shares of the bank’s stock after selling 5,962 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Regions Financial were worth $4,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Y.D. More Investments Ltd boosted its stake in shares of Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after acquiring an additional 634 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Regions Financial during the 4th quarter valued at $28,000. Picton Mahoney Asset Management raised its position in shares of Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,201 shares during the period. Truvestments Capital LLC bought a new stake in shares of Regions Financial during the 3rd quarter valued at $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Regions Financial during the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

RF stock opened at $21.68 on Monday. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $23.46 and a 200 day moving average price of $23.96. The stock has a market cap of $19.63 billion, a PE ratio of 11.17, a P/E/G ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. Regions Financial’s dividend payout ratio is currently 51.55%.

Analyst Ratings Changes

Several analysts have recently commented on RF shares. Barclays raised their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. The Goldman Sachs Group lifted their price target on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 price target (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Citigroup reduced their price target on shares of Regions Financial from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Finally, Piper Sandler lifted their price target on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.44.

Insiders Place Their Bets

In related news, Director Joia M. Johnson bought 2,300 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 3,993 shares of company stock worth $89,682 in the last three months. Corporate insiders own 0.29% of the company’s stock.

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.