Endeavour Capital Advisors Inc buys $43,857,979 stake in Regions Financial Corp (RF)

Regions Financial Corp (RF) : Endeavour Capital Advisors Inc scooped up 1,093,531 additional shares in Regions Financial Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 4,751,677 shares of Regions Financial Corp which is valued at $43,857,979.Regions Financial Corp makes up approximately 3.24% of Endeavour Capital Advisors Inc’s portfolio.

Other Hedge Funds, Including , Point72 Asset Management added RF to its portfolio by purchasing 2,113,100 company shares during the most recent quarter which is valued at $19,503,913. Regions Financial Corp makes up approx 0.16% of Point72 Asset Management’s portfolio.Compton Capital Management Inc Ri reduced its stake in RF by selling 3,700 shares or 8.36% in the most recent quarter. The Hedge Fund company now holds 40,550 shares of RF which is valued at $377,115. Regions Financial Corp makes up approx 0.20% of Compton Capital Management Inc Ri’s portfolio.Msi Financial Services Inc reduced its stake in RF by selling 1,209 shares or 8.35% in the most recent quarter. The Hedge Fund company now holds 13,265 shares of RF which is valued at $120,712.Seabridge Investment Advisors reduced its stake in RF by selling 1,000 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 577,322 shares of RF which is valued at $5,213,218. Regions Financial Corp makes up approx 1.20% of Seabridge Investment Advisors’s portfolio.

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 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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