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Teacher Retirement System of Texas Has $10.55 Million Stock Position in Regions Financial Co. (NYSE:RF)

Teacher Retirement System of Texas boosted its position in shares of Regions Financial Co. (NYSE:RFGet Rating) by 50.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 525,773 shares of the bank’s stock after purchasing an additional 176,496 shares during the period. Teacher Retirement System of Texas owned 0.06% of Regions Financial worth $10,552,000 at the end of the most recent reporting period.

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→ My No. 1 dividend stock for a LIFETIME of income. (From Oxford Club)

Other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its position in Regions Financial by 0.3% during the second quarter. GHP Investment Advisors Inc. now owns 141,756 shares of the bank’s stock worth $2,658,000 after acquiring an additional 465 shares during the last quarter. Quent Capital LLC increased its holdings in shares of Regions Financial by 7.0% during the second quarter. Quent Capital LLC now owns 7,198 shares of the bank’s stock worth $135,000 after purchasing an additional 473 shares during the period. Stephens Inc. AR increased its holdings in shares of Regions Financial by 0.6% during the third quarter. Stephens Inc. AR now owns 77,760 shares of the bank’s stock worth $1,561,000 after purchasing an additional 490 shares during the period. Barnes Pettey Financial Advisors LLC increased its holdings in shares of Regions Financial by 1.4% during the second quarter. Barnes Pettey Financial Advisors LLC now owns 40,760 shares of the bank’s stock worth $764,000 after purchasing an additional 566 shares during the period. Finally, Lcnb Corp increased its holdings in shares of Regions Financial by 4.3% during the second quarter. Lcnb Corp now owns 14,404 shares of the bank’s stock worth $270,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 72.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RF. Raymond James cut shares of Regions Financial from an “outperform” rating to a “market perform” rating in a report on Monday, November 21st. UBS Group cut shares of Regions Financial from a “buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a report on Tuesday, January 10th. StockNews.com started coverage on shares of Regions Financial in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Barclays lifted their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 3rd. Finally, Morgan Stanley lifted their price objective on shares of Regions Financial from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, December 15th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $24.50.

Regions Financial Price Performance

Shares of NYSE:RF opened at $22.69 on Friday. The firm has a market cap of $21.20 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21. The firm’s fifty day moving average is $22.01 and its 200-day moving average is $21.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.81 and a current ratio of 0.81. Regions Financial Co. has a 52 week low of $18.01 and a 52 week high of $25.57.

Regions Financial (NYSE:RFGet Rating) last issued its quarterly earnings results on Friday, October 21st. The bank reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.81 billion. Regions Financial had a return on equity of 14.13% and a net margin of 28.34%. Regions Financial’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. Sell-side analysts predict that Regions Financial Co. will post 2.5 earnings per share for the current year.

Regions Financial Company Profile

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Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other financing. The firm operates through the following segments: Corporate Bank, Consumer Bank, Wealth Management, and Other.

Recommended Stories

Want to see what other hedge funds are holding RF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regions Financial Co. (NYSE:RFGet Rating).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Regions Financial, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Regions Financial wasn’t on the list.

While Regions Financial currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Best High-Yield Dividend Stocks for 2022 Cover



story by The Texas Tribune Source link

Teacher Retirement System of Texas boosted its position in shares of Regions Financial Co. (NYSE:RFGet Rating) by 50.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 525,773 shares of the bank’s stock after purchasing an additional 176,496 shares during the period. Teacher Retirement System of Texas owned 0.06% of Regions Financial worth $10,552,000 at the end of the most recent reporting period.

→ My No. 1 dividend stock for a LIFETIME of income. (From Oxford Club)

Other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its position in Regions Financial by 0.3% during the second quarter. GHP Investment Advisors Inc. now owns 141,756 shares of the bank’s stock worth $2,658,000 after acquiring an additional 465 shares during the last quarter. Quent Capital LLC increased its holdings in shares of Regions Financial by 7.0% during the second quarter. Quent Capital LLC now owns 7,198 shares of the bank’s stock worth $135,000 after purchasing an additional 473 shares during the period. Stephens Inc. AR increased its holdings in shares of Regions Financial by 0.6% during the third quarter. Stephens Inc. AR now owns 77,760 shares of the bank’s stock worth $1,561,000 after purchasing an additional 490 shares during the period. Barnes Pettey Financial Advisors LLC increased its holdings in shares of Regions Financial by 1.4% during the second quarter. Barnes Pettey Financial Advisors LLC now owns 40,760 shares of the bank’s stock worth $764,000 after purchasing an additional 566 shares during the period. Finally, Lcnb Corp increased its holdings in shares of Regions Financial by 4.3% during the second quarter. Lcnb Corp now owns 14,404 shares of the bank’s stock worth $270,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 72.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RF. Raymond James cut shares of Regions Financial from an “outperform” rating to a “market perform” rating in a report on Monday, November 21st. UBS Group cut shares of Regions Financial from a “buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a report on Tuesday, January 10th. StockNews.com started coverage on shares of Regions Financial in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Barclays lifted their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 3rd. Finally, Morgan Stanley lifted their price objective on shares of Regions Financial from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, December 15th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $24.50.

Regions Financial Price Performance

Shares of NYSE:RF opened at $22.69 on Friday. The firm has a market cap of $21.20 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21. The firm’s fifty day moving average is $22.01 and its 200-day moving average is $21.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.81 and a current ratio of 0.81. Regions Financial Co. has a 52 week low of $18.01 and a 52 week high of $25.57.

Regions Financial (NYSE:RFGet Rating) last issued its quarterly earnings results on Friday, October 21st. The bank reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.81 billion. Regions Financial had a return on equity of 14.13% and a net margin of 28.34%. Regions Financial’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. Sell-side analysts predict that Regions Financial Co. will post 2.5 earnings per share for the current year.

Regions Financial Company Profile

(Get Rating)

Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other financing. The firm operates through the following segments: Corporate Bank, Consumer Bank, Wealth Management, and Other.

Recommended Stories

Want to see what other hedge funds are holding RF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regions Financial Co. (NYSE:RFGet Rating).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Regions Financial, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Regions Financial wasn’t on the list.

While Regions Financial currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Best High-Yield Dividend Stocks for 2022 Cover



story by The Texas Tribune Source link

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