Regions Financial Corporation (RF) Position Held by King Luther Capital Management Corp
King Luther Capital Management Corp continued to hold its stake in shares of Regions Financial Corporation (NYSE:RF) during the third quarter, Holdings Channel reports. The fund owned 29,874 shares of the company’s stock at the end of the third quarter. King Luther Capital Management Corp’s holdings in Regions Financial Corporation were worth $295,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. TradeLink Capital LLC bought a new position in Regions Financial Corporation during the third quarter valued at approximately $103,000. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Regions Financial Corporation by 6.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,215 shares of the company’s stock worth $104,000 after buying an additional 710 shares in the last quarter. Paragon Capital Management Ltd increased its position in shares of Regions Financial Corporation by 7.9% in the third quarter. Paragon Capital Management Ltd now owns 10,827 shares of the company’s stock worth $107,000 after buying an additional 796 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of Regions Financial Corporation by 0.4% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 10,847 shares of the company’s stock worth $108,000 after buying an additional 48 shares in the last quarter. Finally, Kanaly Trust Co increased its position in shares of Regions Financial Corporation by 9.6% in the second quarter. Kanaly Trust Co now owns 13,044 shares of the company’s stock worth $111,000 after buying an additional 1,145 shares in the last quarter. 72.00% of the stock is owned by hedge funds and other institutional investors.
Regions Financial Corporation (NYSE:RF) traded up 1.73% during midday trading on Friday, hitting $14.68. The stock had a trading volume of 26,587,335 shares. The firm has a 50-day moving average of $14.26 and a 200 day moving average of $11.03. The firm has a market capitalization of $18.07 billion, a P/E ratio of 17.25 and a beta of 1.46. Regions Financial Corporation has a 52-week low of $7.00 and a 52-week high of $14.93.
Regions Financial Corporation (NYSE:RF) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.03. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.38 billion. Regions Financial Corporation had a net margin of 19.43% and a return on equity of 7.03%. Regions Financial Corporation’s revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. On average, equities analysts forecast that Regions Financial Corporation will post $0.87 EPS for the current year.
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A number of research analysts recently issued reports on RF shares. Wedbush started coverage on Regions Financial Corporation in a report on Thursday, October 6th. They set an “outperform” rating and a $12.00 price target on the stock. They noted that the move was a valuation call. FBR & Co downgraded Regions Financial Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 price target on the stock. in a report on Tuesday, October 11th. Evercore ISI boosted their price target on Regions Financial Corporation from $14.00 to $15.00 and gave the company a “buy” rating in a report on Monday, December 5th. Barclays PLC boosted their price target on Regions Financial Corporation from $10.00 to $15.00 and gave the company an “underweight” rating in a report on Tuesday, January 3rd. Finally, Susquehanna downgraded Regions Financial Corporation from a “positive” rating to a “neutral” rating in a report on Thursday, December 1st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $11.54.
In other Regions Financial Corporation news, EVP Brett D. Couch sold 32,342 shares of the firm’s stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $10.63, for a total value of $343,795.46. Following the completion of the sale, the executive vice president now directly owns 251,064 shares in the company, valued at $2,668,810.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William D. Ritter sold 69,410 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $10.73, for a total transaction of $744,769.30. Following the completion of the sale, the executive vice president now owns 321,691 shares of the company’s stock, valued at $3,451,744.43. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.
Regions Financial Corporation 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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