GHP Investment Advisors Inc. boosted its position in Regions Financial Corp (NYSE:RF) by 7.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 152,446 shares of the bank’s stock after purchasing an additional 10,343 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Regions Financial were worth $2,634,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Sirios Capital Management L P acquired a new position in shares of Regions Financial during the 4th quarter valued at about $23,365,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Regions Financial during the 4th quarter valued at about $19,735,000. Teachers Advisors LLC increased its stake in shares of Regions Financial by 14.9% during the 4th quarter. Teachers Advisors LLC now owns 6,716,367 shares of the bank’s stock valued at $116,059,000 after acquiring an additional 870,111 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Regions Financial by 152.5% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,004,855 shares of the bank’s stock valued at $15,304,000 after acquiring an additional 606,894 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Regions Financial by 23.7% during the 4th quarter. Retirement Systems of Alabama now owns 2,773,436 shares of the bank’s stock valued at $47,925,000 after acquiring an additional 531,135 shares during the last quarter. 76.33% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently commented on RF. Morgan Stanley upped their price objective on shares of Regions Financial from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Robert W. Baird reiterated a “sell” rating and set a $17.00 target price on shares of Regions Financial in a report on Wednesday, January 3rd. Sandler O’Neill upgraded Regions Financial from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. Royal Bank of Canada reiterated a “hold” rating and set a $18.00 target price on shares of Regions Financial in a report on Sunday, January 21st. Finally, B. Riley reiterated a “hold” rating and set a $19.00 target price on shares of Regions Financial in a report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.24.
Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. Regions Financial’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. equities analysts forecast that Regions Financial Corp will post 1.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, March 8th. Regions Financial’s dividend payout ratio is presently 36.00%.
In other Regions Financial news, EVP Scott M. Peters sold 25,627 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total value of $499,726.50. Following the completion of the transaction, the executive vice president now owns 240,796 shares in the company, valued at approximately $4,695,522. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ronald G. Smith sold 92,301 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $19.32, for a total value of $1,783,255.32. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.
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Regions Financial Company Profile
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. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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