Public Employees Retirement System of Ohio Has $7.92 Million Holdings in Regions Financial Co. (NYSE:RF)

Public Employees Retirement System of Ohio reduced its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 336,751 shares of the bank's stock after selling 22,630 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Regions Financial were worth $7,920,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its holdings in Regions Financial by 12.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 75,504 shares of the bank's stock valued at $1,776,000 after purchasing an additional 8,579 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Regions Financial by 22.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,216 shares of the bank's stock valued at $358,000 after buying an additional 2,822 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Regions Financial in the fourth quarter worth approximately $225,000. Pacer Advisors Inc. lifted its stake in shares of Regions Financial by 51.7% during the 4th quarter. Pacer Advisors Inc. now owns 102,951 shares of the bank's stock worth $2,421,000 after acquiring an additional 35,099 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in Regions Financial by 74.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 21,879 shares of the bank's stock valued at $515,000 after acquiring an additional 9,371 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citigroup decreased their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Monday, March 24th. Barclays cut their price objective on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Wells Fargo & Company cut their target price on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. TD Cowen assumed coverage on shares of Regions Financial in a research report on Thursday, May 15th. They set a "buy" rating and a $31.00 target price for the company. Finally, Truist Financial reiterated a "hold" rating on shares of Regions Financial in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Regions Financial currently has a consensus rating of "Moderate Buy" and an average target price of $25.80.

Regions Financial Stock Performance

RF traded up $0.22 during trading on Thursday, reaching $21.55. 6,978,929 shares of the company were exchanged, compared to its average volume of 8,131,726. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $20.72 and a 200 day moving average of $23.06. The stock has a market cap of $19.37 billion, a P/E ratio of 11.11, a PEG ratio of 1.93 and a beta of 0.97.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $0.37 earnings per share. On average, sell-side analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 4.64%. Regions Financial's dividend payout ratio (DPR) is presently 48.08%.

Insider Activity

In other news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the purchase, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. This trade represents a 15.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by corporate insiders.

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.