Regions Financial Corp (RF) : Elizabeth Park Capital Advisors Ltd. added new position in Regions Financial Corp during the most recent quarter end. The investment management firm now holds 1,739,515 shares of Regions Financial Corp which is valued at $15.6 Million , the company said in a statement filed on May 13, 2016 with the SEC.Regions Financial Corp makes up approximately 6.08% of Elizabeth Park Capital Advisors Ltd.’s portfolio.
Other Hedge Funds, Including , First Republic Investment Management reduced its stake in RF by selling 416,794 shares or 42.07% in the most recent quarter. The Hedge Fund company now holds 573,984 shares of RF which is valued at $5.2 Million. Regions Financial Corp makes up approx 0.05% of First Republic Investment Management’s portfolio.Blackrock Advisors reduced its stake in RF by selling 4,451,862 shares or 43.07% in the most recent quarter. The Hedge Fund company now holds 5,884,281 shares of RF which is valued at $52.9 Million. Regions Financial Corp makes up approx 0.06% of Blackrock Advisors’s portfolio.Tiaa Cref Investment Management boosted its stake in RF in the latest quarter, The investment management firm added 2,456 additional shares and now holds a total of 4,113,818 shares of Regions Financial Corp which is valued at $37.4 Million. Regions Financial Corp makes up approx 0.03% of Tiaa Cref Investment Management’s portfolio.Td Asset Management Inc reduced its stake in RF by selling 32,815 shares or 5.49% in the most recent quarter. The Hedge Fund company now holds 565,340 shares of RF which is valued at $5.1 Million. Regions Financial Corp makes up approx 0.01% of Td Asset Management Inc’s portfolio.Harel Insurance Investments Financial Services Ltd. reduced its stake in RF by selling 20,100 shares or 76.08% in the most recent quarter. The Hedge Fund company now holds 6,320 shares of RF which is valued at $57,386. Regions Financial Corp makes up approx 0.01% of Harel Insurance Investments Financial Services Ltd.’s portfolio.
Regions Financial Corp opened for trading at $9.73 and hit $9.9 on the upside on Wednesday, eventually ending the session at $9.85, with a gain of 2.07% or 0.2 points. The heightened volatility saw the trading volume jump to 1,74,12,576 shares. Company has a market cap of $12,477 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 Reiterated by Compass Point on May 19, 2016 to “Buy” and Lowered the Price Target to $ 11.50 from a previous price target of $12 .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 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.