Regions Financial Co. (NYSE:RF) Stock Position Raised by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its position in Regions Financial Co. (NYSE:RF - Free Report) by 17.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 268,901 shares of the bank's stock after acquiring an additional 40,842 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Regions Financial were worth $6,273,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. American National Bank & Trust raised its holdings in shares of Regions Financial by 1,856.7% during the third quarter. American National Bank & Trust now owns 1,174 shares of the bank's stock valued at $27,000 after purchasing an additional 1,114 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Regions Financial during the first quarter valued at approximately $26,000. Quarry LP increased its holdings in Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank's stock valued at $27,000 after buying an additional 816 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank's stock valued at $30,000 after buying an additional 1,256 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in Regions Financial during the second quarter valued at approximately $32,000. Institutional investors own 79.39% of the company's stock.

Analysts Set New Price Targets

RF has been the subject of a number of recent analyst reports. Bank of America upped their price target on shares of Regions Financial from $22.00 to $25.00 and gave the stock a "neutral" rating in a research report on Monday, July 22nd. Royal Bank of Canada upped their target price on shares of Regions Financial from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday, July 22nd. Barclays upped their target price on shares of Regions Financial from $22.00 to $25.00 and gave the stock an "underweight" rating in a research report on Monday, October 21st. The Goldman Sachs Group upped their target price on shares of Regions Financial from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. Finally, Wedbush upped their target price on shares of Regions Financial from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.45.

Regions Financial Trading Down 0.6 %

Shares of NYSE:RF traded down $0.15 during trading on Tuesday, reaching $26.05. 2,373,453 shares of the stock were exchanged, compared to its average volume of 7,927,238. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 12-month low of $14.86 and a 12-month high of $26.33. The firm has a market cap of $23.68 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 2.68 and a beta of 1.16. The firm's 50-day moving average price is $23.33 and its 200 day moving average price is $21.42.

Regions Financial (NYSE:RF - Get Free Report) last released its earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The business's quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. On average, sell-side analysts anticipate that Regions Financial Co. will post 2.1 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Monday, December 2nd. Regions Financial's dividend payout ratio (DPR) is 56.50%.

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.