Public Employees Retirement Association of Colorado Has $1.78 Million Holdings in Regions Financial Co. (NYSE:RF)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of Regions Financial Co. (NYSE:RF) by 4.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,009 shares of the bank’s stock after selling 4,213 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Regions Financial were worth $1,784,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. IFG Advisory LLC increased its stake in shares of Regions Financial by 1.8% in the second quarter. IFG Advisory LLC now owns 30,928 shares of the bank’s stock valued at $620,000 after buying an additional 546 shares in the last quarter. HB Wealth Management LLC increased its position in Regions Financial by 0.6% in the 1st quarter. HB Wealth Management LLC now owns 96,720 shares of the bank’s stock valued at $2,035,000 after acquiring an additional 551 shares in the last quarter. CWM LLC raised its stake in shares of Regions Financial by 1.4% in the first quarter. CWM LLC now owns 41,137 shares of the bank’s stock worth $866,000 after acquiring an additional 556 shares during the last quarter. Perigon Wealth Management LLC lifted its position in shares of Regions Financial by 2.8% during the first quarter. Perigon Wealth Management LLC now owns 20,594 shares of the bank’s stock worth $433,000 after purchasing an additional 565 shares in the last quarter. Finally, Signet Financial Management LLC grew its stake in shares of Regions Financial by 4.9% during the first quarter. Signet Financial Management LLC now owns 12,438 shares of the bank’s stock valued at $262,000 after purchasing an additional 584 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RF has been the topic of several research reports. Wells Fargo & Company upped their price objective on Regions Financial from $18.00 to $22.00 and gave the stock an “equal weight” rating in a report on Monday, July 22nd. Bank of America raised their price target on Regions Financial from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Evercore ISI dropped their price objective on Regions Financial from $22.00 to $21.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. Morgan Stanley upped their target price on shares of Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.69.

Regions Financial Stock Down 0.9 %

Shares of Regions Financial stock opened at $22.91 on Tuesday. The company has a market capitalization of $20.98 billion, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 2.82 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50-day moving average of $22.12 and a two-hundred day moving average of $20.45. Regions Financial Co. has a 1 year low of $13.72 and a 1 year high of $23.47.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, July 19th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. Regions Financial’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. As a group, equities analysts predict that Regions Financial Co. will post 2 EPS for the current year.

Regions Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This is a positive change from Regions Financial’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.36%. Regions Financial’s dividend payout ratio is presently 54.35%.

Regions Financial Company 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.