Teachers Advisors LLC grew its holdings in Regions Financial Corp (NYSE:RF) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,716,367 shares of the bank’s stock after purchasing an additional 870,111 shares during the quarter. Teachers Advisors LLC’s holdings in Regions Financial were worth $116,059,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Brown Advisory Securities LLC grew its position in shares of Regions Financial by 10.1% in the 4th quarter. Brown Advisory Securities LLC now owns 36,573 shares of the bank’s stock worth $633,000 after buying an additional 3,348 shares during the last quarter. BancorpSouth Bank purchased a new position in shares of Regions Financial in the 4th quarter worth approximately $949,000. Pinebridge Investments L.P. grew its position in shares of Regions Financial by 5.7% in the 3rd quarter. Pinebridge Investments L.P. now owns 758,442 shares of the bank’s stock worth $11,551,000 after buying an additional 40,919 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Regions Financial by 10.6% in the 4th quarter. Toronto Dominion Bank now owns 501,735 shares of the bank’s stock worth $8,669,000 after buying an additional 48,117 shares during the last quarter. Finally, Cipher Capital LP purchased a new position in shares of Regions Financial in the 3rd quarter worth approximately $1,160,000. Institutional investors and hedge funds own 76.33% of the company’s stock.
Shares of Regions Financial Corp (NYSE RF) opened at $19.71 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86. Regions Financial Corp has a 12 month low of $13.00 and a 12 month high of $20.21. The company has a market cap of $22,361.49, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 1.48 and a beta of 1.27.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.83%. The ex-dividend date is Thursday, March 8th. Regions Financial’s payout ratio is 36.00%.
In other Regions Financial news, EVP Scott M. Peters sold 25,627 shares of Regions Financial stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total transaction of $499,726.50. Following the completion of the sale, the executive vice president now directly owns 240,796 shares in the company, valued at approximately $4,695,522. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ronald G. Smith sold 92,301 shares of Regions Financial stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $19.32, for a total transaction of $1,783,255.32. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
A number of brokerages have recently issued reports on RF. Morgan Stanley lifted their price objective on shares of Regions Financial from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. ValuEngine raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Barclays reissued a “sell” rating and set a $20.00 target price on shares of Regions Financial in a research report on Tuesday, January 23rd. B. Riley reissued a “hold” rating and set a $19.00 target price on shares of Regions Financial in a research report on Monday, January 22nd. Finally, Sandler O’Neill raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Regions Financial has an average rating of “Hold” and an average target price of $17.24.
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Regions Financial Company Profile
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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