At the end of 12/31/2017 reporting period, 338 institutional holders increased their position in Regions Financial Corporation (NYSE:RF) by some 66,751,509 shares, 276 decreased positions by 84,148,562 and 120 held positions by 720,476,575. Brightworth purchased a new position in shares of Regions Financial in the 3rd quarter valued at about $159,000. Shell Asset Management Co. now owns 203,382 shares of the bank's stock valued at $2,042,000 after acquiring an additional 134,519 shares in the last quarter. Fox Run Management L.L.C. boosted its stake in Regions Financial by 54.5% during the 3rd quarter. Gemmer Asset Ltd Liability Co owns 2,789 shares. Sentry Investment Management LLC raised its stake in Regions Financial by 0.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 151,879 shares of the bank's stock worth $2,313,000 after purchasing an additional 5,960 shares during the last quarter. Finally, B. Riley reaffirmed a "hold" rating and set a $19.00 target price on shares of Regions Financial in a report on Monday, January 22nd. Piedmont Investment Advisors LLC now owns 108,413 shares of the bank's stock valued at $1,587,000 after purchasing an additional 3,728 shares during the period. Investors seem to be very interested in what happens to the stocks of these two companies but do investors favor one over the other?
Regions Financial Corporation (NYSE:RF) has made a 51.15% comeback from a 12-month low price of $13.00. Based on an average daily volume of 15,584,808 shares, the short-interest ratio is now 2.1 days. The firm has a market capitalization of $13.23 billion, a P/E ratio of 13.26 and a beta of 1.44. It was seen 1.76% higher, changing the price to $19.65, when the closing bell rang on 02/23/2018.
Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, January 19th.
For the current quarter, 27 analysts are projecting a mean EPS of $0.31/share. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. The firm's revenue was up 5.9% on a year-over-year basis. research analysts predict that Regions Financial Corp will post 1.34 EPS for the current year. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, March 9th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.36 annualized dividend and a yield of 1.83%. Regions Financial Corporation (NYSE:RF) has risen 48.79% since February 25, 2017 and is uptrending.
A number of equities research analysts recently commented on the stock. Morgan Stanley lifted their price objective on Regions Financial from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, February 2nd. UBS upgraded Regions Financial Corporation (NYSE:RF) on Tuesday, December 12 to "Hold" rating. Guggenheim upgraded the shares of RF in report on Friday, August 28 to "Buy" rating. Old Retail Bank In holds 0.03% in Regions Financial Corporation (NYSE:RF) or 33,078 shares. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold".
Basically, a price target is an individual analyst's projection on the future price of a stock. The shares were sold at an average price of $19.50, for a total value of $499,726.50.
The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 26.63%, and has a solid year to date (YTD) performance of 14.58% which means that the stock is constantly adding to its value from the previous fiscal year end price. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John E.D.
In related news, EVP Ellen S. Jones sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $17.04, for a total transaction of $255,600.00. Following the sale, the director now directly owns 59,436 shares in the company, valued at $1,012,789.44. The disclosure for this sale can be found here. Insiders sold a total of 132,928 shares of company stock worth $2,538,582 in the last 90 days.
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In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report.
Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. The Company's 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. It fall, as 61 investors sold RF shares while 185 reduced holdings.
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