Kentucky Retirement Systems Sells 867 Shares of Regions Financial Co. (NYSE:RF)

Kentucky Retirement Systems lessened its stake in shares of Regions Financial Co. (NYSE:RF) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,886 shares of the bank’s stock after selling 867 shares during the quarter. Kentucky Retirement Systems’ holdings in Regions Financial were worth $1,479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in RF. Y.D. More Investments Ltd lifted its position in Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after acquiring an additional 634 shares in the last quarter. Sierra Ocean LLC purchased a new position in Regions Financial in the 4th quarter valued at approximately $28,000. Truvestments Capital LLC purchased a new position in Regions Financial in the 3rd quarter valued at approximately $37,000. Legacy Investment Solutions LLC purchased a new position in Regions Financial in the 3rd quarter valued at approximately $37,000. Finally, Quarry LP boosted its holdings in Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after purchasing an additional 394 shares during the period. Institutional investors own 79.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Citigroup boosted their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Morgan Stanley restated an “equal weight” rating and issued a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research report on Tuesday, October 29th. Finally, Barclays boosted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.67.

Regions Financial Stock Down 2.8 %

Shares of Regions Financial stock opened at $23.39 on Monday. The company has a market cap of $21.26 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The company’s 50 day moving average is $24.11 and its 200 day moving average is $23.95. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

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

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.28%. Regions Financial’s dividend payout ratio is currently 51.55%.

Regions Financial Profile

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.