Stieven Capital Advisors reduces stake in Regions Financial, while Norges Bank and Cincinnati Insurance increase holdings.

Stieven Capital Advisors has cut its stake in Regions Financial (NYSE: RF) by selling 77,300 shares, while other investors like Norges Bank and Cincinnati Insurance have increased their holdings. Regions reported $1.73 billion in revenue, missing estimates, but beat earnings per share at $0.52. The consensus target price is $21.51, with a mix of ratings from research firms. Hedge funds now own 79.39% of the company, which offers a quarterly dividend of $0.25 per share.

September 01, 2024
3 Articles