Regions Financial Corporation (NYSE:RF) Position Maintained by Barings LLC

04 Juillet, 2017, 17:39 | Author: Marc Bacque

After posting $0.23 EPS for the previous quarter, Regions Financial Corp's analysts now forecast 4.35 % EPS growth. The stock presently has an average rating of "Hold" and a consensus price target of $14.18.

While looking at the Stock's Performance, Regions Financial Corporation now shows a Weekly Performance of 7.89%, where Monthly Performance is 6.16%, Quarterly performance is 0.76%, 6 Months performance is 3.32% and yearly performance percentage is 72.03%. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. Sei Investments Co. increased its stake in State Bank Financial Corporation.by 3.3% in the first quarter. Macquarie Group Ltd. now owns 44,400 shares of the bank's stock valued at $638,000 after buying an additional 14,525 shares during the last quarter. Royal Bank Of Canada reissued a "hold" recommendation and fixed a $15.00 target price on the stock of Regions Financial Corporation in a study note published on early Thur, May 18th. Elkfork Partners LLC now owns 809,160 shares of the bank's stock valued at $11,757,000 after buying an additional 398,112 shares during the last quarter. Finally, Tyers Asset Management LLC acquired a new position in shares of Regions Financial Corporation during the fourth quarter valued at about $4,293,000. Southeast Asset Advisors Inc. now owns 51,676 shares of the bank's stock valued at $751,000 after buying an additional 218 shares during the period. Following the completion of the transaction, the chief financial officer now directly owns 126,160 shares of the company's stock, valued at $1,743,531.20. The stock's market capitalization is 17.89B, it has a 52-week low of 7.80 and a 52-week high of 16.03. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 21.40 and a beta of 0.97. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 4.1% where SMA50 and SMA200 are 4.13% and 8.79% respectively. Moreover, Tuttle Tactical Mgmt Limited Co has 0.33% invested in Regions Financial Corp (NYSE:RF) for 22,952 shares. The bank reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.22 by $0.01. The business had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.40 billion. They expect $0.24 EPS, up 20.00% or $0.04 from last year's $0.2 per share.RF's profit will be $288.16 million for 15.47 P/E if the $0.24 EPS becomes a reality. Analysts predict that State Bank Financial Corporation. will post $1.40 EPS for the current fiscal year. Airain Limited owns 0.47% invested in Regions Financial Corp (NYSE:RF) for 403,636 shares.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 9th were issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 7th. This represents a $0.28 annualized dividend and a yield of 1.88%. Regions Financial Corporation's dividend payout ratio is now 31.11%.

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A number of equities research analysts have recently issued reports on the stock.

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Regions Financial Corp (RF) formed triangle with $16.08 target or 9.00% above today's $14.75 share price. Instinet restated a "neutral" rating and issued a $16.00 target price (up previously from $15.00) on shares of Regions Financial Corporation in a report on Friday. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $30.00 price target on shares of State Bank Financial Corporation.in a research report on Sunday, June 18th.

In other news, EVP C. Keith Herron sold 30,000 shares of Regions Financial Corporation stock in a transaction on Thursday, May 4th. Wedbush reiterated an "outperform" rating and set a $16.00 price target on shares of Regions Financial Corporation in a report on Tuesday, March 7th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and seven have given a buy rating to the company's stock. The stock now has an average rating of Hold and an average target price of $27.80.

Separately, Chairman Grayson Hall unloaded 202,231 stocks of the shares in a trade that took place on Fri, Apr 21st. Following the sale, the executive vice president now directly owns 205,143 shares of the company's stock, valued at approximately $2,800,201.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were sold at an average price of $13.56, for a total value of $469,908.24. Commerzbank Aktiengesellschaft FI now owns 25,004 shares of the bank's stock worth $359,000 after buying an additional 12,465 shares during the period. The disclosure for this sale can be found here. The company had a trading volume of 5,178,167 shares. Franklin Res owns 2.24M shares for 0.03% of their portfolio. Tudor Investment Corp Et Al increased its position in Regions Financial Corporation by 209.6% in the fourth quarter. Lumbard Kellner Limited Company has invested 1.98% of its portfolio in Regions Financial Corp (NYSE:RF).

Ranger Investment Management L.P. lowered its stake in State Bank Financial Corporation.

Several hedge funds have recently added to or reduced their stakes in RF.

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