Regions Financial Corp (RF) : Bronson Point Management added new position in Regions Financial Corp during the most recent quarter end. The investment management firm now holds 760,000 shares of Regions Financial Corp which is valued at $7,014,800 , the company said in a statement filed on Aug 15, 2016 with the SEC.Regions Financial Corp makes up approximately 2.19% of Bronson Point Management’s portfolio.
Other Hedge Funds, Including , Park Avenue Institutional Advisers reduced its stake in RF by selling 103 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 8,121 shares of RF which is valued at $74,957. Regions Financial Corp makes up approx 0.06% of Park Avenue Institutional Advisers’s portfolio.Liberty Mutual Group Asset Management reduced its stake in RF by selling 83,494 shares or 47.26% in the most recent quarter. The Hedge Fund company now holds 93,184 shares of RF which is valued at $860,088. Regions Financial Corp makes up approx 0.03% of Liberty Mutual Group Asset Management’s portfolio.New Mexico Educational Retirement Board boosted its stake in RF in the latest quarter, The investment management firm added 3,100 additional shares and now holds a total of 147,613 shares of Regions Financial Corp which is valued at $1,334,422. Regions Financial Corp makes up approx 0.06% of New Mexico Educational Retirement Board’s portfolio.Deprince Race Zollo Inc reduced its stake in RF by selling 3,909 shares or 15.69% in the most recent quarter. The Hedge Fund company now holds 21,000 shares of RF which is valued at $191,100.
Regions Financial Corp closed down -0.12 points or -1.20% at $9.85 with 1,52,72,606 shares getting traded on Thursday. Post opening the session at $9.99, the shares hit an intraday low of $9.75 and an intraday high of $10.025 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.
Many Wall Street Analysts have commented on Regions Financial Corp. Regions Financial Corp was Downgraded by Bernstein to ” Mkt Perform” on Aug 16, 2016. 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 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.