Regions Financial Corporation (NYSE:RF) was the recipient of some unusual options trading on Tuesday. Investors bought 32,419 call options on the stock. This represents an increase of approximately 1,533% compared to the typical daily volume of 1,985 call options.
A number of research firms recently commented on RF. Royal Bank of Canada reaffirmed a “hold” rating and set a $16.00 target price on shares of Regions Financial in a report on Wednesday, October 25th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $14.50 target price on shares of Regions Financial in a report on Tuesday, September 19th. SunTrust Banks reaffirmed a “buy” rating and set a $19.00 target price on shares of Regions Financial in a report on Wednesday, November 29th. UBS Group upgraded Regions Financial from a “sell” rating to a “neutral” rating and lifted their price target for the company from $15.00 to $18.00 in a research report on Tuesday, December 12th. Finally, Nomura reiterated a “neutral” rating and set a $17.00 price target (up from $16.00) on shares of Regions Financial in a research report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.65.
In other Regions Financial news, EVP John B. Owen sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total value of $626,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott M. Peters sold 25,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $15.84, for a total value of $396,000.00. Following the completion of the sale, the executive vice president now directly owns 121,459 shares of the company’s stock, valued at approximately $1,923,910.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,000 shares of company stock worth $1,278,400. Insiders own 0.52% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Seven Eight Capital LP acquired a new position in Regions Financial during the second quarter worth $111,000. Sun Life Financial INC boosted its stake in Regions Financial by 98,133.3% during the second quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock worth $129,000 after buying an additional 8,832 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in Regions Financial by 0.3% during the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock worth $134,000 after buying an additional 26 shares during the last quarter. Captrust Financial Advisors acquired a new position in Regions Financial during the second quarter worth $139,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Regions Financial during the third quarter worth $150,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.
Shares of Regions Financial (RF) traded up $0.08 on Friday, hitting $18.28. The company had a trading volume of 7,141,449 shares, compared to its average volume of 10,410,000. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.84. Regions Financial has a 52-week low of $13.00 and a 52-week high of $18.37. The stock has a market capitalization of $21,200.00, a PE ratio of 19.24, a price-to-earnings-growth ratio of 1.06 and a beta of 1.30.
Regions Financial (NYSE:RF) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Regions Financial had a return on equity of 7.56% and a net margin of 20.14%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. sell-side analysts predict that Regions Financial will post 0.99 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Thursday, December 7th. Regions Financial’s payout ratio is 37.89%.
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Regions Financial Company Profile
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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