Financial Partners Capital Management Lowers stake in Regions Financial Corp (RF)

Regions Financial Corp (RF) : Financial Partners Capital Management reduced its stake in Regions Financial Corp by 24.61% during the most recent quarter end. The investment management company now holds a total of 14,126 shares of Regions Financial Corp which is valued at $127,699 after selling 4,611 shares in Regions Financial Corp , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Regions Financial Corp makes up approximately 0.03% of Financial Partners Capital Management’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in RF by selling 184,400 shares or 3.79% in the most recent quarter. The Hedge Fund company now holds 4,681,625 shares of RF which is valued at $42,321,890. Regions Financial Corp makes up approx 0.07% of California Public Employees Retirement System’s portfolio.Anchor Capital Advisors boosted its stake in RF in the latest quarter, The investment management firm added 18,000 additional shares and now holds a total of 340,000 shares of Regions Financial Corp which is valued at $3,073,600. Regions Financial Corp makes up approx 0.08% of Anchor Capital Advisors’s portfolio.Wedge Capital Management L L Pnc reduced its stake in RF by selling 2,877,657 shares or 98.32% in the most recent quarter. The Hedge Fund company now holds 49,300 shares of RF which is valued at $452,081.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.Davenport Co boosted its stake in RF in the latest quarter, The investment management firm added 44,995 additional shares and now holds a total of 4,130,254 shares of Regions Financial Corp which is valued at $36,594,050. Regions Financial Corp makes up approx 0.54% of Davenport Co’s portfolio.

Regions Financial Corp (RF) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $9.4 and reached the intraday high at $9.46. The bulls started the profit booking and pushed the shares to intraday low of $9.36. The trading session was marked by a volume range of 1,13,65,154 shares exchanging hands. The 52-week high of the shares is $10.81 and the 52-week low is $7. The market cap of the company stands at $11,894 M and there are 1,26,67,13,120 shares in public circulation.

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 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Regions Financial Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Regions Financial Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.