CENTRAL TRUST Co Has $425,000 Position in Regions Financial Corp (RF)
CENTRAL TRUST Co cut its stake in shares of Regions Financial Corp (NYSE:RF) by 54.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,751 shares of the bank’s stock after selling 37,572 shares during the period. CENTRAL TRUST Co’s holdings in Regions Financial were worth $425,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in RF. LSV Asset Management lifted its holdings in Regions Financial by 0.3% during the third quarter. LSV Asset Management now owns 28,691,540 shares of the bank’s stock worth $526,489,000 after acquiring an additional 87,899 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Regions Financial by 17.7% during the third quarter. JPMorgan Chase & Co. now owns 20,054,121 shares of the bank’s stock worth $367,993,000 after acquiring an additional 3,013,569 shares in the last quarter. Millennium Management LLC lifted its holdings in Regions Financial by 52.7% during the second quarter. Millennium Management LLC now owns 19,743,411 shares of the bank’s stock worth $351,038,000 after acquiring an additional 6,813,530 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Regions Financial by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 14,318,052 shares of the bank’s stock worth $262,751,000 after acquiring an additional 152,841 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Regions Financial by 0.8% during the second quarter. Bank of America Corp DE now owns 12,496,685 shares of the bank’s stock worth $222,190,000 after acquiring an additional 95,653 shares in the last quarter. 76.91% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on RF. Argus began coverage on Regions Financial in a report on Wednesday, November 28th. They issued a “buy” rating and a $19.00 price target on the stock. Barclays cut their price target on Regions Financial from $20.00 to $17.00 and set an “underweight” rating on the stock in a report on Wednesday, January 2nd. Vining Sparks restated a “buy” rating and issued a $22.00 price target on shares of Regions Financial in a report on Tuesday, October 9th. Raymond James upgraded Regions Financial from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, October 31st. They noted that the move was a valuation call. Finally, UBS Group upgraded Regions Financial from a “neutral” rating to a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.28.
Regions Financial (NYSE:RF) last released its earnings results on Tuesday, October 23rd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04). Regions Financial had a return on equity of 10.15% and a net margin of 26.39%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Equities research analysts predict that Regions Financial Corp will post 1.44 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Friday, December 7th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, December 6th. This represents a $0.56 annualized dividend and a yield of 3.79%. Regions Financial’s payout ratio is presently 56.00%.
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Regions Financial Company Profile
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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