Gideon Capital Advisors buys $4,522,146 stake in Regions Financial Corp (RF)

Regions Financial Corp (RF) : Gideon Capital Advisors scooped up 461,884 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 11, 2016. The investment management firm now holds a total of 489,940 shares of Regions Financial Corp which is valued at $4,522,146.Regions Financial Corp makes up approximately 2.51% of Gideon Capital Advisors’s portfolio.

Other Hedge Funds, Including , Maltese Capital Management boosted its stake in RF in the latest quarter, The investment management firm added 91,100 additional shares and now holds a total of 1,071,100 shares of Regions Financial Corp which is valued at $9,886,253. Regions Financial Corp makes up approx 1.18% of Maltese Capital Management’s portfolio.Dynamic Technology Lab Private Ltd reduced its stake in RF by selling 32,476 shares or 65.64% in the most recent quarter. The Hedge Fund company now holds 16,997 shares of RF which is valued at $156,882. Regions Financial Corp makes up approx 0.04% of Dynamic Technology Lab Private Ltd’s portfolio.Oppenheimer Co Inc boosted its stake in RF in the latest quarter, The investment management firm added 20,078 additional shares and now holds a total of 141,172 shares of Regions Financial Corp which is valued at $1,312,900. Regions Financial Corp makes up approx 0.04% of Oppenheimer Co Inc’s portfolio.Financial Partners Capital Management reduced its stake in RF by selling 4,611 shares or 24.61% in the most recent quarter. The Hedge Fund company now holds 14,126 shares of RF which is valued at $127,699. Regions Financial Corp makes up approx 0.03% of Financial Partners Capital Management’s portfolio.Lynch Associatesin boosted its stake in RF in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 32,964 shares of Regions Financial Corp which is valued at $297,665. Regions Financial Corp makes up approx 0.13% of Lynch Associatesin’s portfolio.

Regions Financial Corp opened for trading at $9.69 and hit $9.74 on the upside on Tuesday, eventually ending the session at $9.67, with a gain of 0.10% or 0.01 points. The heightened volatility saw the trading volume jump to 1,11,86,266 shares. Company has a market cap of $12,138 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. 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.

Comments (0)

Leave a Reply

Your email address will not be published.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