Lombard Odier Asset Management Europe Ltd Trims Stake in Regions Financial Corp (RF)
Lombard Odier Asset Management Europe Ltd reduced its position in shares of Regions Financial Corp (NYSE:RF) by 17.6% during the 4th quarter, Holdings Channel reports. The firm owned 14,153 shares of the bank’s stock after selling 3,033 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Regions Financial were worth $245,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in RF. Welch Investments LLC bought a new stake in Regions Financial in the fourth quarter valued at approximately $120,000. Steward Partners Investment Advisory LLC bought a new stake in Regions Financial in the third quarter valued at approximately $150,000. Pax World Management LLC bought a new stake in Regions Financial in the third quarter valued at approximately $154,000. American Century Companies Inc. bought a new stake in Regions Financial in the third quarter valued at approximately $159,000. Finally, Independent Advisor Alliance bought a new stake in Regions Financial in the third quarter valued at approximately $165,000. Institutional investors own 74.03% of the company’s stock.
RF has been the topic of several recent analyst reports. ValuEngine raised Regions Financial from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley boosted their price target 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. Barclays reissued a “sell” rating and issued a $20.00 price target on shares of Regions Financial in a research note on Tuesday, January 23rd. B. Riley reissued a “hold” rating and issued a $19.00 price target on shares of Regions Financial in a research note on Monday, January 22nd. Finally, Sandler O’Neill raised Regions Financial from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.24.
Regions Financial Corp (NYSE RF) opened at $19.47 on Friday. 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 Corp has a 12-month low of $13.00 and a 12-month high of $20.10. The firm has a market capitalization of $22,580.00, a P/E ratio of 20.49, a PEG ratio of 1.44 and a beta of 1.26.
Regions Financial (NYSE:RF) last issued its earnings results on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the firm earned $0.23 earnings per share. Regions Financial’s revenue for the quarter 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 fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Thursday, March 8th. Regions Financial’s payout ratio is 37.89%.
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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