Forest Hill Capital buys $43,146,346 stake in Regions Financial Corp (RF)

Regions Financial Corp (RF) : Forest Hill Capital scooped up 257,638 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 4,674,577 shares of Regions Financial Corp which is valued at $43,146,346.Regions Financial Corp makes up approximately 4.67% of Forest Hill Capital’s portfolio.

Other Hedge Funds, Including , Putnam Investments reduced its stake in RF by selling 933,794 shares or 7.95% in the most recent quarter. The Hedge Fund company now holds 10,808,531 shares of RF which is valued at $99,762,741. Regions Financial Corp makes up approx 0.23% of Putnam Investments’s portfolio.State Of Wisconsin Investment Board reduced its stake in RF by selling 850,200 shares or 50.13% in the most recent quarter. The Hedge Fund company now holds 845,726 shares of RF which is valued at $7,806,051. Regions Financial Corp makes up approx 0.03% of State Of Wisconsin Investment Board’s portfolio.Calamos Advisors boosted its stake in RF in the latest quarter, The investment management firm added 72 additional shares and now holds a total of 215,580 shares of Regions Financial Corp which is valued at $1,961,778. Regions Financial Corp makes up approx 0.02% of Calamos Advisors’s portfolio.Cornerstone Advisors reduced its stake in RF by selling 204 shares or 8.13% in the most recent quarter. The Hedge Fund company now holds 2,306 shares of RF which is valued at $20,985. Regions Financial Corp makes up approx 0.02% of Cornerstone Advisors’s portfolio.Highland Capital Management boosted its stake in RF in the latest quarter, The investment management firm added 15,000 additional shares and now holds a total of 63,063 shares of Regions Financial Corp which is valued at $562,522. Regions Financial Corp makes up approx 0.05% of Highland Capital Management’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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