New York State Teachers Retirement System Trims Stake in Regions Financial Co. (NYSE:RF)

New York State Teachers Retirement System decreased its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 824,248 shares of the bank's stock after selling 25,578 shares during the period. New York State Teachers Retirement System owned about 0.09% of Regions Financial worth $19,386,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd grew its position in shares of Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after buying an additional 634 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Regions Financial during the 3rd quarter worth $37,000. Legacy Investment Solutions LLC bought a new position in shares of Regions Financial during the 3rd quarter worth $37,000. Quarry LP grew its position in shares of Regions Financial by 29.5% during the 3rd quarter. Quarry LP now owns 1,729 shares of the bank's stock worth $40,000 after buying an additional 394 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Regions Financial during the 3rd quarter worth $56,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RF shares. Wells Fargo & Company raised their price objective on Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, November 15th. Stephens raised Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective on the stock in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised Regions Financial from a "hold" rating to a "buy" rating and raised their price objective for the company from $24.00 to $26.00 in a research report on Thursday, October 24th. 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. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $27.67.

Regions Financial Stock Performance

Shares of NYSE:RF traded down $0.47 during trading on Thursday, hitting $24.06. The stock had a trading volume of 8,375,260 shares, compared to its average volume of 7,919,897. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The stock has a market capitalization of $21.86 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. 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 stock has a 50-day simple moving average of $24.17 and a two-hundred day simple moving average of $23.88.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period last year, the business posted $0.39 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial's payout ratio is 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.