Paragon Capital Management LLC Has $4.52 Million Holdings in Regions Financial Corp (RF)
Paragon Capital Management LLC raised its stake in Regions Financial Corp (NYSE:RF) by 1.8% during the first quarter, Holdings Channel reports. The institutional investor owned 319,129 shares of the bank’s stock after acquiring an additional 5,591 shares during the period. Regions Financial comprises about 2.1% of Paragon Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Paragon Capital Management LLC’s holdings in Regions Financial were worth $4,516,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC bought a new stake in shares of Regions Financial during the 4th quarter valued at about $27,000. Legacy Financial Advisors Inc. acquired a new position in Regions Financial during the 4th quarter worth approximately $30,000. Financial Architects Inc acquired a new position in Regions Financial during the 4th quarter worth approximately $31,000. Whittier Trust Co. raised its stake in Regions Financial by 84.7% during the 4th quarter. Whittier Trust Co. now owns 2,770 shares of the bank’s stock worth $37,000 after buying an additional 1,270 shares during the period. Finally, Doyle Wealth Management acquired a new position in Regions Financial during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 74.36% of the company’s stock.
A number of research analysts recently weighed in on the company. ValuEngine downgraded Regions Financial from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 21st. Sandler O’Neill raised Regions Financial from a “hold” rating to a “buy” rating in a research note on Monday, March 25th. Wedbush downgraded Regions Financial from an “outperform” rating to a “neutral” rating and set a $17.00 price target on the stock. in a research note on Monday, February 4th. They noted that the move was a valuation call. Nomura raised Regions Financial from a “reduce” rating to a “neutral” rating and set a $14.00 price target on the stock in a research note on Friday, March 29th. Finally, Barclays reaffirmed a “sell” rating and set a $17.00 price target on shares of Regions Financial in a research note on Thursday, February 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $17.28.
Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 18th. The bank reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.01). Regions Financial had a net margin of 27.23% and a return on equity of 10.84%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the business posted $0.36 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Regions Financial Corp will post 1.59 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.67%. The ex-dividend date was Thursday, March 7th. Regions Financial’s dividend payout ratio (DPR) is 41.18%.
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Regions Financial Profile
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.
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