Public Employees Retirement Association of Colorado reduced its stake in shares of Regions Financial Corporation (NYSE:RF) by 1.0% during the second quarter, Holdings Channel reports. The institutional investor owned 241,294 shares of the bank’s stock after selling 2,401 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Regions Financial Corporation were worth $3,533,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. increased its stake in shares of Regions Financial Corporation by 0.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,703 shares of the bank’s stock valued at $126,000 after buying an additional 28 shares in the last quarter. Lbmc Investment Advisors LLC increased its stake in shares of Regions Financial Corporation by 0.5% in the first quarter. Lbmc Investment Advisors LLC now owns 31,795 shares of the bank’s stock valued at $462,000 after buying an additional 147 shares in the last quarter. Huntington National Bank increased its stake in shares of Regions Financial Corporation by 0.9% in the second quarter. Huntington National Bank now owns 17,347 shares of the bank’s stock valued at $254,000 after buying an additional 161 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of Regions Financial Corporation by 0.3% in the first quarter. Suntrust Banks Inc. now owns 64,520 shares of the bank’s stock valued at $935,000 after buying an additional 177 shares in the last quarter. Finally, Sawtooth Solutions LLC increased its stake in shares of Regions Financial Corporation by 1.2% in the first quarter. Sawtooth Solutions LLC now owns 16,489 shares of the bank’s stock valued at $240,000 after buying an additional 198 shares in the last quarter. Institutional investors own 75.46% of the company’s stock.

Shares of Regions Financial Corporation (NYSE RF) opened at 14.94 on Monday. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 15.61 and a beta of 1.31. The stock’s 50 day moving average is $14.44 and its 200 day moving average is $14.44. Regions Financial Corporation has a 52 week low of $8.88 and a 52 week high of $16.03.

Regions Financial Corporation (NYSE:RF) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. Regions Financial Corporation had a net margin of 20.25% and a return on equity of 7.51%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. On average, equities analysts forecast that Regions Financial Corporation will post $1.00 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.09 per share. This is an increase from Regions Financial Corporation’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 7th. This represents a $0.36 dividend on an annualized basis and a yield of 2.41%. Regions Financial Corporation’s dividend payout ratio is 29.47%.

Regions Financial Corporation declared that its Board of Directors has authorized a share buyback plan on Wednesday, June 28th that authorizes the company to buyback $1.47 billion in outstanding shares. This buyback authorization authorizes the bank to buy up to 8.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

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Several equities analysts recently weighed in on RF shares. Bank of America Corporation raised shares of Regions Financial Corporation from a “neutral” rating to a “buy” rating and raised their price target for the company from $15.00 to $17.00 in a research report on Thursday, May 4th. FBR & Co set a $18.00 price target on shares of Regions Financial Corporation and gave the company a “buy” rating in a research report on Wednesday, April 19th. Rafferty Capital Markets cut shares of Regions Financial Corporation from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a research report on Thursday, April 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.50 price target on shares of Regions Financial Corporation in a research report on Wednesday, April 19th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $15.00 price target on shares of Regions Financial Corporation in a research report on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Regions Financial Corporation presently has a consensus rating of “Hold” and an average target price of $14.13.

In related news, EVP Fournier J. Gale III sold 35,825 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $14.59, for a total transaction of $522,686.75. Following the transaction, the executive vice president now owns 109,318 shares in the company, valued at $1,594,949.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott M. Peters sold 13,689 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $14.61, for a total transaction of $199,996.29. Following the transaction, the executive vice president now owns 147,528 shares in the company, valued at approximately $2,155,384.08. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate 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.

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

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