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

Regions Financial Corp (RF) : Schneider Capital Management Corp reduced its stake in Regions Financial Corp by 0.17% during the most recent quarter end. The investment management company now holds a total of 3,022,912 shares of Regions Financial Corp which is valued at $27,901,478 after selling 5,240 shares in Regions Financial Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Regions Financial Corp makes up approximately 4.76% of Schneider Capital Management Corp’s portfolio.

Other Hedge Funds, Including , Archford Capital Strategies added RF to its portfolio by purchasing 15,311 company shares during the most recent quarter which is valued at $141,321. Regions Financial Corp makes up approx 0.07% of Archford Capital Strategies’s portfolio. Westport Resources Management Inc added RF to its portfolio by purchasing 3,496 company shares during the most recent quarter which is valued at $32,268. Regions Financial Corp makes up approx 0.01% of Westport Resources Management Inc’s portfolio. Amica Pension Fund Board Of Trustees added RF to its portfolio by purchasing 46,474 company shares during the most recent quarter which is valued at $420,125. Regions Financial Corp makes up approx 0.05% of Amica Pension Fund Board Of Trustees’s portfolio.Welch Group reduced its stake in RF by selling 64,212 shares or 81.88% in the most recent quarter. The Hedge Fund company now holds 14,210 shares of RF which is valued at $130,306. Regions Financial Corp makes up approx 0.03% of Welch Group’s portfolio.Hartford Investment Management Co reduced its stake in RF by selling 12,480 shares or 3.81% in the most recent quarter. The Hedge Fund company now holds 315,354 shares of RF which is valued at $2,847,647. Regions Financial Corp makes up approx 0.06% of Hartford Investment Management Co’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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