Capital Fund Management S.A. Purchases New Stake in Regions Financial Corp (RF)
Capital Fund Management S.A. purchased a new stake in Regions Financial Corp (NYSE:RF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 34,003 shares of the bank’s stock, valued at approximately $624,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in shares of Regions Financial by 87.3% during the 2nd quarter. Parallel Advisors LLC now owns 6,062 shares of the bank’s stock worth $107,000 after purchasing an additional 2,825 shares during the last quarter. Rational Advisors LLC lifted its position in shares of Regions Financial by 245.8% during the 3rd quarter. Rational Advisors LLC now owns 6,217 shares of the bank’s stock worth $114,000 after purchasing an additional 4,419 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Regions Financial during the 3rd quarter worth $114,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Regions Financial by 8,481.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,522 shares of the bank’s stock worth $116,000 after purchasing an additional 6,446 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Regions Financial during the 2nd quarter worth $116,000. 77.95% of the stock is owned by institutional investors and hedge funds.
RF has been the subject of several recent analyst reports. Wedbush set a $22.00 price objective on shares of Regions Financial and gave the stock a “buy” rating in a research report on Friday, September 7th. Vining Sparks reaffirmed a “buy” rating and set a $22.00 price objective on shares of Regions Financial in a research report on Tuesday, October 9th. Raymond James raised shares of Regions Financial from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, October 31st. They noted that the move was a valuation call. B. Riley set a $20.00 price objective on shares of Regions Financial and gave the stock a “hold” rating in a research report on Monday, October 15th. Finally, ValuEngine cut shares of Regions Financial from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Regions Financial currently has an average rating of “Hold” and a consensus price target of $18.91.
Regions Financial (NYSE:RF) last announced its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). Regions Financial had a net margin of 26.39% and a return on equity of 10.15%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm earned $0.25 earnings per share. Regions Financial’s revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts predict that Regions Financial Corp will post 1.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 3.54%. Regions Financial’s dividend payout ratio (DPR) is presently 56.00%.
About Regions Financial
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
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