Regions Financial Corp (RF) Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC lessened its stake in shares of Regions Financial Corp (NYSE:RF) by 45.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,788 shares of the bank’s stock after selling 61,542 shares during the period. Convergence Investment Partners LLC’s holdings in Regions Financial were worth $1,258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Country Club Trust Company n.a. grew its stake in Regions Financial by 182.7% during the 4th quarter. Country Club Trust Company n.a. now owns 439,015 shares of the bank’s stock valued at $7,586,000 after acquiring an additional 283,720 shares in the last quarter. Kessler Investment Group LLC purchased a new stake in Regions Financial during the 4th quarter valued at about $1,124,000. First Citizens Bank & Trust Co. grew its stake in Regions Financial by 24.6% during the 4th quarter. First Citizens Bank & Trust Co. now owns 132,925 shares of the bank’s stock valued at $2,297,000 after acquiring an additional 26,205 shares in the last quarter. New England Research & Management Inc. grew its stake in Regions Financial by 6.9% during the 4th quarter. New England Research & Management Inc. now owns 90,115 shares of the bank’s stock valued at $1,557,000 after acquiring an additional 5,850 shares in the last quarter. Finally, Copper Rock Capital Partners LLC grew its stake in Regions Financial by 48.6% during the 4th quarter. Copper Rock Capital Partners LLC now owns 529,783 shares of the bank’s stock valued at $9,208,000 after acquiring an additional 173,265 shares in the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Several analysts recently issued reports on RF shares. Barclays upped their price objective on shares of Regions Financial from $15.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Robert W. Baird cut shares of Regions Financial from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a research note on Monday, October 2nd. FBR & Co reissued a “hold” rating and issued a $16.00 price target on shares of Regions Financial in a research note on Wednesday, October 25th. SunTrust Banks reissued a “buy” rating and issued a $19.00 price target on shares of Regions Financial in a research note on Wednesday, November 29th. Finally, UBS Group raised shares of Regions Financial from a “sell” rating to a “neutral” rating and increased their price target for the company from $15.00 to $18.00 in a research note on Tuesday, December 12th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.65.

In other Regions Financial news, EVP John B. Owen sold 40,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total transaction of $626,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Scott M. Peters sold 25,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $15.84, for a total transaction of $396,000.00. Following the sale, the executive vice president now owns 121,459 shares in the company, valued at $1,923,910.56. The disclosure for this sale can be found here. Insiders have sold a total of 80,000 shares of company stock valued at $1,278,400 in the last ninety days. 0.52% of the stock is currently owned by corporate insiders.

Regions Financial Corp (NYSE RF) opened at $18.15 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39. The firm has a market cap of $21,050.00, a P/E ratio of 19.11, a P/E/G ratio of 1.05 and a beta of 1.30. Regions Financial Corp has a 1 year low of $13.00 and a 1 year high of $18.55.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a net margin of 20.14% and a return on equity of 7.56%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. analysts expect that Regions Financial Corp will post 0.99 earnings per share for the current fiscal year.

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Regions Financial Profile

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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