Regions Financial Corporation (NYSE:RF) EVP Scott M. Peters sold 25,000 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $15.84, for a total value of $396,000.00. Following the completion of the transaction, the executive vice president now directly owns 121,459 shares in the company, valued at approximately $1,923,910.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Regions Financial Corporation (NYSE:RF) opened at 15.72 on Monday. The firm has a 50-day moving average price of $14.75 and a 200-day moving average price of $14.35. The company has a market capitalization of $18.79 billion, a P/E ratio of 16.43 and a beta of 1.34. Regions Financial Corporation has a 1-year low of $10.32 and a 1-year high of $16.03.
Regions Financial Corporation (NYSE:RF) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. Regions Financial Corporation had a return on equity of 7.56% and a net margin of 20.14%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. On average, analysts forecast that Regions Financial Corporation will post $0.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, December 7th. Regions Financial Corporation’s dividend payout ratio is currently 37.50%.
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Several brokerages have issued reports on RF. Royal Bank Of Canada restated a “hold” rating and issued a $16.00 price target on shares of Regions Financial Corporation in a report on Wednesday, October 25th. Nomura restated a “neutral” rating and issued a $17.00 price target (up from $16.00) on shares of Regions Financial Corporation in a report on Thursday. FBR & Co restated a “hold” rating and issued a $16.00 price target on shares of Regions Financial Corporation in a report on Wednesday, October 25th. Robert W. Baird downgraded Regions Financial Corporation from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a report on Monday, October 2nd. Finally, Citigroup Inc. restated a “neutral” rating and issued a $16.00 price target (up from $15.00) on shares of Regions Financial Corporation in a report on Monday, October 9th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Regions Financial Corporation currently has an average rating of “Hold” and an average target price of $15.10.
Institutional investors and hedge funds have recently modified their holdings of the business. FNY Partners Fund LP bought a new position in shares of Regions Financial Corporation in the first quarter valued at approximately $103,000. Lloyds Banking Group plc bought a new position in shares of Regions Financial Corporation in the second quarter valued at approximately $108,000. Seven Eight Capital LP bought a new position in shares of Regions Financial Corporation in the second quarter valued at approximately $111,000. Sun Life Financial INC grew its holdings in shares of Regions Financial Corporation by 98,133.3% in the second quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock valued at $129,000 after acquiring an additional 8,832 shares in the last quarter. Finally, Salem Investment Counselors Inc. grew its holdings in shares of Regions Financial Corporation by 0.3% in the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after acquiring an additional 26 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.
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.
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