Bank of Montreal Can grew its holdings in shares of Regions Financial Corp (NYSE:RF) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,307,667 shares of the bank’s stock after buying an additional 213,156 shares during the quarter. Bank of Montreal Can owned 0.46% of Regions Financial worth $91,717,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Koch Industries Inc. purchased a new stake in shares of Regions Financial during the 2nd quarter valued at about $614,000. Pinebridge Investments L.P. raised its position in shares of Regions Financial by 5.7% during the 3rd quarter. Pinebridge Investments L.P. now owns 758,442 shares of the bank’s stock valued at $11,551,000 after buying an additional 40,919 shares in the last quarter. Cipher Capital LP purchased a new stake in shares of Regions Financial during the 3rd quarter valued at about $1,160,000. Toronto Dominion Bank raised its position in shares of Regions Financial by 24.8% during the 2nd quarter. Toronto Dominion Bank now owns 408,156 shares of the bank’s stock valued at $5,974,000 after buying an additional 81,188 shares in the last quarter. Finally, Colonial Trust Advisors raised its position in shares of Regions Financial by 54.5% during the 2nd quarter. Colonial Trust Advisors now owns 34,184 shares of the bank’s stock valued at $500,000 after buying an additional 12,060 shares in the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.
Regions Financial Corp (RF) opened at $18.36 on Thursday. The company has a market cap of $21,300.00, a PE ratio of 19.33, a P/E/G ratio of 1.06 and a beta of 1.30. Regions Financial Corp has a fifty-two week low of $13.00 and a fifty-two week high of $18.43. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39.
Several analysts have recently issued reports on the stock. ValuEngine cut shares of Regions Financial from a “buy” rating to a “hold” rating in a research report on Tuesday. Piper Jaffray Companies restated a “hold” rating and set a $17.00 target price on shares of Regions Financial in a research report on Tuesday, January 9th. Robert W. Baird restated a “sell” rating and set a $17.00 target price on shares of Regions Financial in a research report on Wednesday, January 3rd. Barclays upped their target price on shares of Regions Financial from $15.00 to $19.00 and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. Finally, Wedbush upgraded shares of Regions Financial from a “neutral” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Thursday, December 21st. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Regions Financial presently has an average rating of “Hold” and an average price target of $16.65.
In other Regions Financial news, EVP John B. Owen sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total value of $626,800.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Scott M. Peters sold 25,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $15.84, for a total transaction of $396,000.00. Following the completion of the transaction, 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 worth $1,278,400 over the last quarter. 0.52% of the stock is currently owned by insiders.
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About Regions Financial
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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