Captrust Financial Advisors acquired a new stake in Regions Financial Corp (NYSE:RF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,533 shares of the bank’s stock, valued at approximately $166,000.
Several other institutional investors also recently made changes to their positions in the stock. Hanseatic Management Services Inc. raised its position in Regions Financial by 3.9% during the 4th quarter. Hanseatic Management Services Inc. now owns 73,480 shares of the bank’s stock worth $1,270,000 after buying an additional 2,766 shares during the last quarter. Raymond James & Associates raised its position in Regions Financial by 6.4% during the 4th quarter. Raymond James & Associates now owns 1,497,369 shares of the bank’s stock worth $25,875,000 after buying an additional 89,462 shares during the last quarter. Two Sigma Securities LLC purchased a new position in Regions Financial during the 4th quarter worth approximately $226,000. Avestar Capital LLC purchased a new position in Regions Financial during the 4th quarter worth approximately $135,000. Finally, Ellington Management Group LLC purchased a new position in Regions Financial during the 4th quarter worth approximately $354,000. 76.33% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Scott M. Peters sold 25,627 shares of Regions Financial stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total value of $499,726.50. Following the sale, the executive vice president now owns 240,796 shares of the company’s stock, valued at approximately $4,695,522. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ronald G. Smith sold 92,301 shares of Regions Financial stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $19.32, for a total transaction of $1,783,255.32. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.
Shares of Regions Financial Corp (NYSE:RF) opened at $19.63 on Friday. The company has a market cap of $21,744.08, a P/E ratio of 19.63, a PEG ratio of 1.44 and a beta of 1.27. Regions Financial Corp has a one year low of $13.00 and a one year high of $20.21. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86.
Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the company earned $0.23 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. research analysts forecast that Regions Financial Corp will post 1.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be paid a $0.09 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.36 dividend on an annualized basis and a yield of 1.83%. Regions Financial’s dividend payout ratio is currently 36.00%.
ILLEGAL ACTIVITY NOTICE: This piece was first published by Week Herald and is the property of of Week Herald. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://weekherald.com/2018/03/18/captrust-financial-advisors-invests-166000-in-regions-financial-corp-rf.html.
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.
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.