Regions Financial Co. (NYSE:RF) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its holdings in Regions Financial Co. (NYSE:RF) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,900 shares of the bank’s stock after selling 2,600 shares during the period. Louisiana State Employees Retirement System’s holdings in Regions Financial were worth $1,150,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Y.D. More Investments Ltd lifted its stake in Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after purchasing an additional 634 shares in the last quarter. Truvestments Capital LLC acquired a new position in Regions Financial during the third quarter worth $37,000. Legacy Investment Solutions LLC acquired a new position in Regions Financial during the third quarter worth $37,000. Quarry LP lifted its stake in Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after purchasing an additional 394 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Regions Financial during the third quarter worth $56,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Performance

Shares of RF stock opened at $24.32 on Tuesday. The stock’s 50-day moving average is $24.23 and its two-hundred day moving average is $23.83. The firm has a market cap of $22.10 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.97 and a beta of 1.20. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the company posted $0.39 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. Analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Monday, March 3rd. Regions Financial’s dividend payout ratio is currently 51.55%.

Analyst Ratings Changes

RF has been the topic of several analyst reports. Wells Fargo & Company increased their price objective on Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Thursday, October 24th. Compass Point increased their price objective on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods upgraded Regions Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.67.

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.