California State Teachers Retirement System decreased its stake in shares of Regions Financial Corp (NYSE:RF) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,754,665 shares of the bank’s stock after selling 128,118 shares during the quarter. California State Teachers Retirement System owned about 0.17% of Regions Financial worth $23,477,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RF. Lindbrook Capital LLC purchased a new position in Regions Financial during the fourth quarter valued at $27,000. Legacy Financial Advisors Inc. purchased a new position in Regions Financial during the fourth quarter valued at $30,000. Financial Architects Inc purchased a new position in Regions Financial during the fourth quarter valued at $31,000. Whittier Trust Co. raised its stake in shares of Regions Financial by 84.7% in the fourth quarter. Whittier Trust Co. now owns 2,770 shares of the bank’s stock worth $37,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Doyle Wealth Management purchased a new position in shares of Regions Financial in the fourth quarter worth $40,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Shares of RF opened at $15.79 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.90 and a quick ratio of 0.90. Regions Financial Corp has a one year low of $12.39 and a one year high of $19.99. The firm has a market capitalization of $16.16 billion, a P/E ratio of 11.61, a PEG ratio of 1.05 and a beta of 1.50.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 18th. The bank reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.01). Regions Financial had a return on equity of 10.84% and a net margin of 27.23%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm earned $0.36 EPS. The business’s revenue was up 1.6% on a year-over-year basis. Equities research analysts predict that Regions Financial Corp will post 1.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Thursday, March 7th. Regions Financial’s payout ratio is currently 41.18%.

RF has been the subject of several recent analyst reports. Wedbush boosted their price target on Regions Financial from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, February 28th. Argus initiated coverage on Regions Financial in a research note on Wednesday, November 28th. They issued a “buy” rating and a $19.00 price target for the company. Barclays decreased their price target on Regions Financial from $20.00 to $17.00 and set an “underweight” rating for the company in a research note on Wednesday, January 2nd. UBS Group upgraded Regions Financial from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 8th. Finally, BMO Capital Markets initiated coverage on Regions Financial in a research note on Tuesday. They issued an “outperform” rating and a $17.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.38.

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About Regions Financial

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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