Callahan Advisors buys $289,943 stake in Regions Financial Corp (RF)

Regions Financial Corp (RF) : Callahan Advisors scooped up 500 additional shares in Regions Financial Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 28,850 shares of Regions Financial Corp which is valued at $289,943.Regions Financial Corp makes up approximately 0.07% of Callahan Advisors’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware reduced its stake in RF by selling 3,434 shares or 7.58% in the most recent quarter. The Hedge Fund company now holds 41,854 shares of RF which is valued at $420,633. Regions Financial Corp makes up approx 0.04% of Reliance Trust Co Of Delaware’s portfolio.Dalton Greiner Hartman Maher Co reduced its stake in RF by selling 557,879 shares or 34.4% in the most recent quarter. The Hedge Fund company now holds 1,064,090 shares of RF which is valued at $10,587,696. Regions Financial Corp makes up approx 0.70% of Dalton Greiner Hartman Maher Co’s portfolio.Creative Planning boosted its stake in RF in the latest quarter, The investment management firm added 5,251 additional shares and now holds a total of 81,501 shares of Regions Financial Corp which is valued at $836,200. Regions Financial Corp makes up approx 0.01% of Creative Planning’s portfolio. Fox Run Management L.l.c. sold out all of its stake in RF during the most recent quarter. The investment firm sold 14,500 shares of RF which is valued $148,770.

Regions Financial Corp opened for trading at $10.06 and hit $10.22 on the upside on Friday, eventually ending the session at $10.05, with a gain of 1.01% or 0.1 points. The heightened volatility saw the trading volume jump to 1,50,93,793 shares. Company has a market cap of $12,615 M.

On the company’s financial health, Regions Financial Corp reported $0.20 EPS for the quarter, based on the information available during the earnings call on Jul 19, 2016. Analyst had a consensus estimate of $0.20. The company had revenue of $1395.00 million for the quarter, compared to analysts expectations of $1380.55 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.

Investors should note that on Oct 13, 2016, Regions Financial Corp announced a cash dividend of $0.0650. The company’s management has announced Dec 7, 2016 as the ex-dividend date and fixed the record date on Dec 9, 2016. The payable date has been fixed on Jan 3, 2017.

Many Wall Street Analysts have commented on Regions Financial Corp. FBR & Co. Downgraded Regions Financial Corp on Oct 11, 2016 to ” Mkt Perform”, Price Target of the shares are set at $10.50.Wedbush Initiated Regions Financial Corp on Oct 7, 2016 to “Outperform”, Price Target of the shares are set at $12.Regions Financial Corp was Downgraded by Bernstein to ” Mkt Perform” on Aug 16, 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 Company’s commercial banking functions including commercial and industrial commercial real estate and investor real estate lending. The Consumer Bank segment represents the Company’s 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.

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