Country Club Trust Company n.a. lifted its stake in Regions Financial Corp (NYSE:RF) by 182.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 439,015 shares of the bank’s stock after purchasing an additional 283,720 shares during the period. Country Club Trust Company n.a.’s holdings in Regions Financial were worth $7,586,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of RF. Seven Eight Capital LP purchased a new stake in shares of Regions Financial during the second quarter valued at about $111,000. Sun Life Financial INC raised its position in shares of Regions Financial by 98,133.3% in the 2nd quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock valued at $129,000 after purchasing an additional 8,832 shares during the last quarter. Salem Investment Counselors Inc. raised its position in shares of Regions Financial by 0.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after purchasing an additional 26 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Regions Financial in the 2nd quarter valued at approximately $139,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Regions Financial in the 3rd quarter valued at approximately $150,000. Hedge funds and other institutional investors own 77.10% of the company’s stock.
A number of equities analysts have issued reports on RF shares. Morgan Stanley raised their price target on shares of Regions Financial from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday. Nomura reaffirmed a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Regions Financial in a research note on Thursday, October 26th. Robert W. Baird reaffirmed a “sell” rating and set a $17.00 price objective on shares of Regions Financial in a research note on Wednesday, January 3rd. Sandler O’Neill raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $18.00 price target on shares of Regions Financial in a research note on Sunday, January 21st. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $17.24.
Regions Financial Corp (NYSE:RF) opened at $19.25 on Friday. Regions Financial Corp has a 52-week low of $13.00 and a 52-week high of $19.90. The firm has a market capitalization of $22,330.00, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.46 and a beta of 1.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86.
Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. equities research analysts anticipate that Regions Financial Corp will post 1.34 earnings per share for the current year.
In other news, EVP Scott M. Peters sold 25,627 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total transaction of $499,726.50. Following the completion of the sale, the executive vice president now owns 240,796 shares in the company, valued at $4,695,522. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John B. Owen sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total value of $626,800.00. The disclosure for this sale can be found here. Insiders sold 80,627 shares of company stock valued at $1,382,127 over the last ninety days. 0.52% of the stock is currently owned by corporate insiders.
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About Regions Financial
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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