Argent Trust Co significantly increased its stake in Regions Financial Corporation, holding 251,962 shares valued at $6.64 million, while institutional investors collectively own about 79.39% of the stock. Despite a share buyback authorization of $3.00 billion and a quarterly dividend of $0.265 (3.8% yield), Regions Financial missed its EPS estimates, leading to a 5.4% stock drop. Analysts currently rate the stock as a “Hold” with a consensus price target of $29.84.
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Argent Trust Co Has $6.64 Million Stock Holdings in Regions Financial Corporation $RF
Argent Trust Co significantly increased its stake in Regions Financial Corporation, holding 251,962 shares valued at $6.64 million, while institutional investors collectively own about 79.39% of the stock. Despite a share buyback authorization of $3.00 billion and a quarterly dividend of $0.265 (3.8% yield), Regions Financial missed its EPS estimates, leading to a 5.4% stock drop. Analysts currently rate the stock as a “Hold” with a consensus price target of $29.84.