State of Wisconsin Investment Board Has $3 Million Holdings in Regions Financial Corporation (RF)

State of Wisconsin Investment Board grew its position in shares of Regions Financial Corporation (NYSE:RF) by 76.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 197,060 shares of the bank’s stock after buying an additional 85,645 shares during the quarter. State of Wisconsin Investment Board’s holdings in Regions Financial Corporation were worth $3,001,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. OMERS ADMINISTRATION Corp purchased a new position in Regions Financial Corporation during the 2nd quarter worth $1,259,000. Koch Industries Inc. purchased a new position in shares of Regions Financial Corporation in the 2nd quarter valued at about $614,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Regions Financial Corporation by 17.9% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 295,359 shares of the bank’s stock valued at $4,324,000 after purchasing an additional 44,909 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Regions Financial Corporation by 35.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 432,686 shares of the bank’s stock valued at $6,335,000 after purchasing an additional 113,610 shares in the last quarter. Finally, Synovus Financial Corp increased its holdings in shares of Regions Financial Corporation by 4.8% in the 2nd quarter. Synovus Financial Corp now owns 155,071 shares of the bank’s stock valued at $2,272,000 after purchasing an additional 7,078 shares in the last quarter. Institutional investors own 77.39% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “State of Wisconsin Investment Board Has $3 Million Holdings in Regions Financial Corporation (RF)” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/11/22/state-of-wisconsin-investment-board-has-3-million-holdings-in-regions-financial-corporation-rf.html.

Shares of Regions Financial Corporation (NYSE RF) opened at $15.66 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.84. Regions Financial Corporation has a 12-month low of $12.98 and a 12-month high of $16.03. The stock has a market cap of $18,397.14, a P/E ratio of 16.52, a P/E/G ratio of 1.44 and a beta of 1.29.

Regions Financial Corporation (NYSE:RF) last released its earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Regions Financial Corporation had a net margin of 20.14% and a return on equity of 7.56%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the company earned $0.24 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. analysts anticipate that Regions Financial Corporation will post 0.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a $0.09 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.36 annualized dividend and a dividend yield of 2.30%. Regions Financial Corporation’s dividend payout ratio is presently 37.50%.

A number of equities analysts have recently issued reports on RF shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $15.50 price target on shares of Regions Financial Corporation in a report on Friday, September 15th. J P Morgan Chase & Co increased their price target on shares of Regions Financial Corporation from $15.50 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Citigroup Inc. reiterated a “neutral” rating and issued a $16.00 price target (up previously from $15.00) on shares of Regions Financial Corporation in a report on Monday, October 9th. Goldman Sachs Group, Inc. (The) upgraded shares of Regions Financial Corporation from a “buy” rating to a “conviction-buy” rating in a report on Thursday, November 16th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $16.00 price target on shares of Regions Financial Corporation in a report on Wednesday, October 25th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $15.31.

In related news, EVP Scott M. Peters sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $15.84, for a total value of $396,000.00. Following the transaction, the executive vice president now owns 121,459 shares in the company, valued at $1,923,910.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John B. Owen sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total transaction of $626,800.00. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

About Regions Financial Corporation

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

Institutional Ownership by Quarter for Regions Financial Corporation (NYSE:RF)

What are top analysts saying about Regions Financial Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Regions Financial Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit