Regions Financial Corp (RF) : Paradigm Financial Advisors added new position in Regions Financial Corp during the most recent quarter end. The investment management firm now holds 14,055 shares of Regions Financial Corp which is valued at $127,901 , the company said in a statement filed on Jul 26, 2016 with the SEC.Regions Financial Corp makes up approximately 0.08% of Paradigm Financial Advisors’s portfolio.
Other Hedge Funds, Including , Genesee Valley Trust Co reduced its stake in RF by selling 3,507 shares or 9.27% in the most recent quarter. The Hedge Fund company now holds 34,307 shares of RF which is valued at $312,194. Regions Financial Corp makes up approx 0.20% of Genesee Valley Trust Co’s portfolio.Checchi Capital Advisers reduced its stake in RF by selling 2,091 shares or 14.56% in the most recent quarter. The Hedge Fund company now holds 12,272 shares of RF which is valued at $110,816. Regions Financial Corp makes up approx 0.03% of Checchi Capital Advisers’s portfolio.Ibm Retirement Fund reduced its stake in RF by selling 5,931 shares or 3.44% in the most recent quarter. The Hedge Fund company now holds 166,703 shares of RF which is valued at $1,505,328. Regions Financial Corp makes up approx 0.05% of Ibm Retirement Fund’s portfolio.Nisa Investment Advisors boosted its stake in RF in the latest quarter, The investment management firm added 67,676 additional shares and now holds a total of 438,041 shares of Regions Financial Corp which is valued at $4,012,456. Regions Financial Corp makes up approx 0.05% of Nisa Investment Advisors’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in RF in the latest quarter, The investment management firm added 14,335 additional shares and now holds a total of 327,889 shares of Regions Financial Corp which is valued at $2,767,383. Regions Financial Corp makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.
Regions Financial Corp opened for trading at $9.1 and hit $9.32 on the upside on Friday, eventually ending the session at $9.17, with a gain of 0.11% or 0.01 points. The heightened volatility saw the trading volume jump to 2,85,56,890 shares. Company has a market cap of $11,616 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 Jul 14, 2016, Regions Financial Corp announced a cash dividend of $0.0650. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Oct 3, 2016.
Many Wall Street Analysts have commented on Regions Financial Corp. Company shares were Reiterated by UBS on Jul 20, 2016 to “Neutral”, Firm has raised the Price Target to $ 9.50 from a previous price target of $9 .Regions Financial Corp was Downgraded by BofA/Merrill to ” Neutral” on Jun 29, 2016. Regions Financial Corp was Upgraded by Keefe Bruyette to ” Mkt Perform” on Jun 6, 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.