Virtus Investment Advisers Inc. Invests $102,000 in Regions Financial Corporation (RF), Report finds

Virtus Investment Advisers Inc. Invests $102,000 in Regions Financial Corporation (RF), Report finds

Virtus Investment Advisers Inc. bought a new stake in Regions Financial Corporation (NYSE:RF) during the third quarter, according to its most recent disclosure with the SEC. The fund bought 10,318 shares of the company’s stock, valued at approximately $102,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bienville Capital Management LLC increased its stake in Regions Financial Corporation by 8.2% in the second quarter. Bienville Capital Management LLC now owns 23,802 shares of the company’s stock valued at $203,000 after buying an additional 1,800 shares during the last quarter. Globeflex Capital L P increased its stake in Regions Financial Corporation by 1.9% in the second quarter. Globeflex Capital L P now owns 107,626 shares of the company’s stock valued at $916,000 after buying an additional 2,042 shares during the last quarter. Convergence Investment Partners LLC increased its stake in Regions Financial Corporation by 39.1% in the second quarter. Convergence Investment Partners LLC now owns 645,057 shares of the company’s stock valued at $5,489,000 after buying an additional 181,169 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in Regions Financial Corporation by 0.5% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 249,730 shares of the company’s stock valued at $2,125,000 after buying an additional 1,300 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Regions Financial Corporation by 169.7% in the second quarter. Neuberger Berman Group LLC now owns 45,139 shares of the company’s stock valued at $384,000 after buying an additional 28,405 shares during the last quarter. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Shares of Regions Financial Corporation (NYSE:RF) traded down 0.62% on Wednesday, reaching $14.49. The company had a trading volume of 14,423,761 shares. The firm has a market capitalization of $17.61 billion, a price-to-earnings ratio of 16.58 and a beta of 1.37. The firm has a 50-day moving average price of $14.41 and a 200 day moving average price of $11.75. Regions Financial Corporation has a 1-year low of $7.00 and a 1-year high of $14.93.

Regions Financial Corporation (NYSE:RF) last issued its quarterly earnings data on Friday, January 20th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. Regions Financial Corporation had a return on equity of 7.09% and a net margin of 19.49%. The firm earned $1.39 billion during the quarter. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts predict that Regions Financial Corporation will post $0.97 earnings per share for the current year.

Several research firms have weighed in on RF. Deutsche Bank AG boosted their price target on Regions Financial Corporation from $10.50 to $13.00 and gave the company a “hold” rating in a research note on Wednesday, November 30th. Piper Jaffray Companies restated an “overweight” rating and issued a $11.50 target price (up previously from $11.00) on shares of Regions Financial Corporation in a research note on Friday, October 21st. FBR & Co upgraded Regions Financial Corporation from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 31st. Sandler O’Neill downgraded Regions Financial Corporation from a “buy” rating to a “hold” rating and set a $11.50 target price on the stock. in a research note on Tuesday, November 8th. Finally, Barclays PLC restated a “sell” rating and issued a $10.00 target price on shares of Regions Financial Corporation in a research note on Tuesday, October 11th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Regions Financial Corporation presently has an average rating of “Hold” and an average target price of $11.80.

In related news, EVP Barbara Godin sold 35,000 shares of Regions Financial Corporation stock in a transaction that occurred on Tuesday, January 24th. The stock was sold at an average price of $14.18, for a total transaction of $496,300.00. Following the completion of the transaction, the executive vice president now directly owns 18,086 shares in the company, valued at approximately $256,459.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William E. Horton sold 12,000 shares of Regions Financial Corporation stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $13.17, for a total value of $158,040.00. Following the transaction, the executive vice president now owns 19,434 shares of the company’s stock, valued at $255,945.78. The disclosure for this sale can be found here. Insiders have sold a total of 205,848 shares of company stock valued at $2,892,215 over the last 90 days. Insiders own 0.88% of the company’s stock.

About Regions Financial Corporation

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 Corporation (NYSE:RF).

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Virtus Investment Advisers Inc. Invests $102,000 in Regions Financial Corporation (RF)

Virtus Investment Advisers Inc. Invests $102,000 in Regions Financial Corporation (RF)

Virtus Investment Advisers Inc. bought a new stake in Regions Financial Corporation (NYSE:RF) during the third quarter, according to its most recent disclosure with the SEC. The fund bought 10,318 shares of the company’s stock, valued at approximately $102,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bienville Capital Management LLC increased its stake in Regions Financial Corporation by 8.2% in the second quarter. Bienville Capital Management LLC now owns 23,802 shares of the company’s stock valued at $203,000 after buying an additional 1,800 shares during the last quarter. Globeflex Capital L P increased its stake in Regions Financial Corporation by 1.9% in the second quarter. Globeflex Capital L P now owns 107,626 shares of the company’s stock valued at $916,000 after buying an additional 2,042 shares during the last quarter. Convergence Investment Partners LLC increased its stake in Regions Financial Corporation by 39.1% in the second quarter. Convergence Investment Partners LLC now owns 645,057 shares of the company’s stock valued at $5,489,000 after buying an additional 181,169 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in Regions Financial Corporation by 0.5% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 249,730 shares of the company’s stock valued at $2,125,000 after buying an additional 1,300 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Regions Financial Corporation by 169.7% in the second quarter. Neuberger Berman Group LLC now owns 45,139 shares of the company’s stock valued at $384,000 after buying an additional 28,405 shares during the last quarter. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Shares of Regions Financial Corporation (NYSE:RF) traded down 0.62% on Wednesday, reaching $14.49. The company had a trading volume of 14,423,761 shares. The firm has a market capitalization of $17.61 billion, a price-to-earnings ratio of 16.58 and a beta of 1.37. The firm has a 50-day moving average price of $14.41 and a 200 day moving average price of $11.75. Regions Financial Corporation has a 1-year low of $7.00 and a 1-year high of $14.93.

Regions Financial Corporation (NYSE:RF) last issued its quarterly earnings data on Friday, January 20th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. Regions Financial Corporation had a return on equity of 7.09% and a net margin of 19.49%. The firm earned $1.39 billion during the quarter. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts predict that Regions Financial Corporation will post $0.97 earnings per share for the current year.

Several research firms have weighed in on RF. Deutsche Bank AG boosted their price target on Regions Financial Corporation from $10.50 to $13.00 and gave the company a “hold” rating in a research note on Wednesday, November 30th. Piper Jaffray Companies restated an “overweight” rating and issued a $11.50 target price (up previously from $11.00) on shares of Regions Financial Corporation in a research note on Friday, October 21st. FBR & Co upgraded Regions Financial Corporation from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 31st. Sandler O’Neill downgraded Regions Financial Corporation from a “buy” rating to a “hold” rating and set a $11.50 target price on the stock. in a research note on Tuesday, November 8th. Finally, Barclays PLC restated a “sell” rating and issued a $10.00 target price on shares of Regions Financial Corporation in a research note on Tuesday, October 11th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Regions Financial Corporation presently has an average rating of “Hold” and an average target price of $11.80.

In related news, EVP Barbara Godin sold 35,000 shares of Regions Financial Corporation stock in a transaction that occurred on Tuesday, January 24th. The stock was sold at an average price of $14.18, for a total transaction of $496,300.00. Following the completion of the transaction, the executive vice president now directly owns 18,086 shares in the company, valued at approximately $256,459.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William E. Horton sold 12,000 shares of Regions Financial Corporation stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $13.17, for a total value of $158,040.00. Following the transaction, the executive vice president now owns 19,434 shares of the company’s stock, valued at $255,945.78. The disclosure for this sale can be found here. Insiders have sold a total of 205,848 shares of company stock valued at $2,892,215 over the last 90 days. Insiders own 0.88% of the company’s stock.

About Regions Financial Corporation

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 Corporation (NYSE:RF).

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