BlueCrest Capital Management Ltd lessened its holdings in Regions Financial Corp (NYSE:RF) by 75.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,256 shares of the bank’s stock after selling 214,185 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Regions Financial were worth $1,179,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Welch Investments LLC bought a new stake in Regions Financial in the fourth quarter valued at $120,000. Steward Partners Investment Advisory LLC bought a new stake in Regions Financial in the third quarter valued at $150,000. American Century Companies Inc. bought a new stake in Regions Financial in the third quarter valued at $159,000. Independent Advisor Alliance bought a new stake in Regions Financial in the third quarter valued at $165,000. Finally, Valeo Financial Advisors LLC lifted its stake in Regions Financial by 152.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 10,349 shares of the bank’s stock valued at $179,000 after buying an additional 6,249 shares during the last quarter. 76.33% of the stock is owned by hedge funds and other institutional investors.
RF has been the topic of a number of recent research reports. Sandler O’Neill upgraded Regions Financial from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. SunTrust Banks reiterated a “buy” rating and issued a $19.00 target price on shares of Regions Financial in a research note on Wednesday, November 29th. ValuEngine upgraded Regions Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Goldman Sachs Group upgraded Regions Financial from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, November 16th. Finally, Morgan Stanley raised their target price on Regions Financial from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Regions Financial has an average rating of “Hold” and an average target price of $17.24.
Shares of Regions Financial Corp (RF) opened at $19.92 on Tuesday. The firm has a market cap of $23,110.00, a PE ratio of 20.97, a P/E/G ratio of 1.50 and a beta of 1.26. Regions Financial Corp has a one year low of $13.00 and a one year high of $20.21. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53.
Regions Financial (NYSE:RF) last released its earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. Regions Financial’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share. research analysts predict that Regions Financial Corp will post 1.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, March 8th. Regions Financial’s payout ratio is currently 37.89%.
ILLEGAL ACTIVITY WARNING: This news story was first posted by Markets Daily and is the property of of Markets Daily. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.themarketsdaily.com/2018/03/13/bluecrest-capital-management-ltd-decreases-holdings-in-regions-financial-corp-rf.html.
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.
Want to see what other hedge funds are holding RF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regions Financial Corp (NYSE:RF).
Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.