Regions Financial Corporation (RF) Shares Bought by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund lifted its position in Regions Financial Corporation (NYSE:RF) by 70.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 431,904 shares of the bank’s stock after acquiring an additional 178,848 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Regions Financial Corporation were worth $6,578,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp purchased a new stake in Regions Financial Corporation in the 2nd quarter worth approximately $1,259,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Regions Financial Corporation by 17.9% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 295,359 shares of the bank’s stock worth $4,324,000 after buying an additional 44,909 shares in the last quarter. Koch Industries Inc. purchased a new stake in Regions Financial Corporation in the 2nd quarter worth approximately $614,000. State of Alaska Department of Revenue lifted its position in Regions Financial Corporation by 45.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 77,823 shares of the bank’s stock worth $1,139,000 after buying an additional 24,390 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Regions Financial Corporation by 35.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 432,686 shares of the bank’s stock worth $6,335,000 after buying an additional 113,610 shares in the last quarter. Institutional investors and hedge funds own 77.72% of the company’s stock.
In other Regions Financial Corporation news, EVP John B. Owen sold 40,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total value of $626,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Scott M. Peters sold 25,000 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $15.84, for a total transaction of $396,000.00. Following the completion of the sale, the executive vice president now owns 121,459 shares in the company, valued at $1,923,910.56. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
Shares of Regions Financial Corporation (NYSE RF) opened at $15.28 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.39. The stock has a market cap of $17,817.15, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. Regions Financial Corporation has a 12-month low of $11.87 and a 12-month high of $16.03.
Regions Financial Corporation (NYSE:RF) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. Regions Financial Corporation had a net margin of 20.14% and a return on equity of 7.56%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. sell-side analysts predict that Regions Financial Corporation will post 0.99 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.36 annualized dividend and a yield of 2.36%. Regions Financial Corporation’s dividend payout ratio is 37.50%.
A number of equities research analysts have issued reports on RF shares. BidaskClub downgraded shares of Regions Financial Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Bank of America Corporation reiterated a “buy” rating and issued a $17.00 target price on shares of Regions Financial Corporation in a research report on Wednesday, July 26th. Vining Sparks upgraded shares of Regions Financial Corporation from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, July 26th. Wells Fargo & Company started coverage on shares of Regions Financial Corporation in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $16.00 target price for the company. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $16.00 target price on shares of Regions Financial Corporation in a research report on Friday, August 11th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.31.
About Regions Financial Corporation
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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