British Investment on Regions Financial Corp.

By Xyla Joelle L. Fernandez

Dec 07, 2016 05:12 AM EST

British Columbia Investment Management Corp increased its stake in shares of Regions Financial Corp. by 33.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 521,747 shares of the company's stock after buying an additional 131,732 shares during the period. British Columbia Investment Management Corp's holdings in Regions Financial Corp. were worth $5,150,000 at the end of the most recent quarter.

Highland Capital Management LLC boosted its stake in shares of Regions Financial Corp. by 31.2% in the second quarter. Highland Capital Management LLC now owns 63,063 shares of the company's stock worth $537,000 after buying an additional 15,000 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Regions Financial Corp. during the second quarter worth $123,000.

Carroll Financial Associates Inc. boosted its stake in shares of Regions Financial Corp. by 5.3% in the second quarter. Carroll Financial Associates Inc. now owns 20,871 shares of the company's stock worth $177,000 after buying an additional 1,055 shares during the period.

Mitchell Mcleod Pugh & Williams Inc. now owns 93,940 shares of the company's stock worth $799,000 after buying an additional 1,895 shares during the period. Finally,

Nisa Investment Advisors LLC boosted its stake in shares of Regions Financial Corp. by 18.3% in the second quarter. Nisa Investment Advisors LLC now owns 438,041 shares of the company's stock worth $3,728,000 after buying an additional 67,676 shares during the period. 72.31% of the stock is owned by institutional investors.

Regions Financial Corp. (NYSE:RF) traded down 0.72% during mid-day trading on Friday, reaching $13.74. 22,137,737 shares of the company traded hands. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.03. The company earned $1.46 billion during the quarter, compared to the consensus estimate of $1.38 billion. Regions Financial Corp. had a net margin of 19.43% and a return on equity of 7.03%. The firm's revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm earned $0.18 EPS. Analysts forecast that Regions Financial Corp. will post $0.87 earnings per share for the current fiscal year.

Deutsche Bank AG upped their price target on shares of Regions Financial Corp. from $10.50 to $13.00 and gave the stock a "hold" rating in a research report on Wednesday. Susquehanna lowered shares of Regions Financial Corp. from a "positive" rating to a "neutral" rating in a report on Thursday. They noted that the move was a valuation call. Piper Jaffray Cos. lowered shares of Regions Financial Corp. from an "overweight" rating to a "neutral" rating in a report on Wednesday, November 16th.

Jefferies Group lowered shares of Regions Financial Corp. from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $11.50 to $14.00 in a report on Monday, November 28th. Finally, FBR & Co upgraded shares of Regions Financial Corp. from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $10.50 to $15.00 in a report on Monday, November 14th. 

One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of "Hold" and a consensus target price of $10.85.

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