Teacher Retirement System of Texas Raises Holdings in Regions Financial Co. (NYSE:RF)

Teacher Retirement System of Texas increased its position in Regions Financial Co. (NYSE:RF) by 96.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 423,785 shares of the bank’s stock after buying an additional 207,595 shares during the quarter. Teacher Retirement System of Texas’ holdings in Regions Financial were worth $9,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Natixis Advisors LLC raised its position in Regions Financial by 9.0% in the third quarter. Natixis Advisors LLC now owns 146,031 shares of the bank’s stock valued at $3,407,000 after purchasing an additional 12,033 shares during the period. Thrivent Financial for Lutherans raised its position in Regions Financial by 9.2% in the third quarter. Thrivent Financial for Lutherans now owns 79,453 shares of the bank’s stock valued at $1,855,000 after purchasing an additional 6,665 shares during the period. Pathstone Holdings LLC raised its position in Regions Financial by 1.2% in the third quarter. Pathstone Holdings LLC now owns 268,376 shares of the bank’s stock valued at $6,263,000 after purchasing an additional 3,222 shares during the period. Caprock Group LLC raised its position in Regions Financial by 4.5% in the third quarter. Caprock Group LLC now owns 19,093 shares of the bank’s stock valued at $450,000 after purchasing an additional 827 shares during the period. Finally, Intech Investment Management LLC raised its position in Regions Financial by 24.9% in the third quarter. Intech Investment Management LLC now owns 104,866 shares of the bank’s stock valued at $2,447,000 after purchasing an additional 20,929 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. This represents a 15.15 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have acquired 3,993 shares of company stock valued at $89,682. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on RF shares. Compass Point raised their price objective on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Truist Financial cut their price objective on Regions Financial from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Friday. Citigroup dropped their target price on Regions Financial from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Piper Sandler lifted their target price on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group lifted their target price on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Regions Financial has an average rating of “Moderate Buy” and an average target price of $27.44.

Regions Financial Stock Performance

Shares of RF stock opened at $21.68 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $23.46 and a two-hundred day moving average of $23.95. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The company has a market cap of $19.63 billion, a P/E ratio of 11.17, a PEG ratio of 1.93 and a beta of 1.19.

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

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.61%. Regions Financial’s dividend payout ratio (DPR) is presently 51.55%.

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.