California Public Employees Retirement System Sells 25,695 Shares of Regions Financial Corporation $RF

California Public Employees Retirement System decreased its stake in shares of Regions Financial Corporation (NYSE:RF) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,436,297 shares of the bank’s stock after selling 25,695 shares during the quarter. California Public Employees Retirement System’s holdings in Regions Financial were worth $89,756,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Darwin Wealth Management LLC purchased a new stake in Regions Financial during the 2nd quarter valued at about $25,000. SouthState Bank Corp grew its holdings in shares of Regions Financial by 94.1% during the fourth quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock valued at $30,000 after buying an additional 538 shares during the last quarter. Spire Wealth Management raised its holdings in Regions Financial by 91.5% in the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after acquiring an additional 557 shares during the last quarter. Princeton Global Asset Management LLC lifted its position in Regions Financial by 260.4% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock valued at $32,000 after acquiring an additional 854 shares in the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of Regions Financial in the 4th quarter worth $33,000. 79.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on RF shares. Truist Financial restated a “hold” rating and issued a $30.00 price target on shares of Regions Financial in a research note on Tuesday, April 21st. DA Davidson downgraded Regions Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $33.00 in a report on Monday, July 6th. Morgan Stanley boosted their target price on Regions Financial from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Evercore reissued an “underperform” rating and issued a $31.00 target price on shares of Regions Financial in a research report on Monday, July 6th. Finally, Royal Bank Of Canada upped their target price on shares of Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Regions Financial has an average rating of “Hold” and a consensus target price of $31.32.

Regions Financial Trading Up 0.1%

NYSE:RF opened at $31.67 on Monday. The company has a market cap of $27.03 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.26. The company has a 50 day simple moving average of $28.95 and a two-hundred day simple moving average of $28.25. Regions Financial Corporation has a 12 month low of $22.70 and a 12 month high of $32.47.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.05. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The company’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. Research analysts forecast that Regions Financial Corporation will post 2.6 earnings per share for the current year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. This is a boost from Regions Financial’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, September 1st. Regions Financial’s dividend payout ratio (DPR) is currently 43.27%.

Trending Headlines about Regions Financial

Here are the key news stories impacting Regions Financial this week:

• Positive Sentiment: Regions Financial beat Q2 earnings expectations, reporting $0.68 per share versus forecasts around $0.63-$0.64, which suggests better-than-expected profitability. Regions Financial (RF) Q2 Earnings Beat Estimates
• Positive Sentiment: Net interest income and lower credit provision helped offset higher expenses, signaling solid underlying banking trends and improving asset quality. Regions Financial Q2 earnings beat on solid NII, lower credit provision
• Positive Sentiment: The company raised its quarterly dividend by 13.2% to $0.30 per share, a sign of management confidence and a shareholder-friendly capital return policy. Regions Financial Corp. Announces 13% Increase in Common Stock Dividend and Declares Preferred Stock Dividends
• Neutral Sentiment: Revenue was slightly below expectations, which tempers the earnings beat and suggests some top-line pressure remains. Regions Financial Q2 Earnings Beat Estimates, NII, Expenses Up Y/Y

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.