Regions Financial Corp (RF) : Fieldpoint Private Advisors Inc reduced its stake in Regions Financial Corp by 1.25% during the most recent quarter end. The investment management company now holds a total of 394,895 shares of Regions Financial Corp which is valued at $3.6 Million after selling 5,000 shares in Regions Financial Corp , the firm said in a disclosure report filed with the SEC on May 11, 2016.Regions Financial Corp makes up approximately 2.56% of Fieldpoint Private Advisors Inc’s portfolio.
Other Hedge Funds, Including , Shell Asset Management Co reduced its stake in RF by selling 33,626 shares or 13.28% in the most recent quarter. The Hedge Fund company now holds 219,488 shares of RF which is valued at $2 Million. Regions Financial Corp makes up approx 0.05% of Shell Asset Management Co’s portfolio.Diam Ltd. boosted its stake in RF in the latest quarter, The investment management firm added 38,258 additional shares and now holds a total of 164,022 shares of Regions Financial Corp which is valued at $1.5 Million. Regions Financial Corp makes up approx 0.02% of Diam Ltd.’s portfolio.Ohio National Investments boosted its stake in RF in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 28,875 shares of Regions Financial Corp which is valued at $270,848. Regions Financial Corp makes up approx 0.05% of Ohio National Investments’s portfolio.
Regions Financial Corp opened for trading at $8.94 and hit $9.09 on the upside on Monday, eventually ending the session at $9.05, with a gain of 0.67% or 0.06 points. The heightened volatility saw the trading volume jump to 1,21,27,330 shares. Company has a market cap of $11,464 M.
On the company’s financial health, Regions Financial Corp reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 15, 2016. Analyst had a consensus of $0.19. The company had revenue of $1368.00 million for the quarter, compared to analysts expectations of $1339.58 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Investors should note that on Apr 21, 2016, Regions Financial Corp announced a cash dividend of $0.0650. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 1, 2016.
Many Wall Street Analysts have commented on Regions Financial Corp. Shares were Downgraded by Keefe Bruyette on May 16, 2016 to ” Underperform” and Lowered the Price Target to $ 9.50 from a previous price target of $10 .FBR Capital Upgraded Regions Financial Corp on Apr 19, 2016 to ” Outperform”, Price Target of the shares are set at $10.50.Regions Financial Corp was Downgraded by Macquarie to ” Neutral” on Apr 1, 2016.
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. The Company carries out its business in three segments: Corporate Bank Consumer Bank and Wealth Management. The Corporate Bank segment represents the Companys commercial banking functions including commercial and industrial commercial real estate and investor real estate lending. The Consumer Bank segment represents the Companys branch network including consumer banking products and services related to residential first mortgages home equity lines and loans and small business loans among others. The Wealth Management segment offers individuals businesses Governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.