Regions Financial Co. (NYSE:RF) Director William C. Rhodes III Purchases 50,000 Shares

Regions Financial Co. (NYSE:RF) Director William C. Rhodes III purchased 50,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was acquired at an average price of $19.37 per share, with a total value of $968,500.00. Following the completion of the acquisition, the director now directly owns 50,000 shares in the company, valued at approximately $968,500. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Regions Financial Trading Up 0.1 %

Regions Financial stock opened at $19.62 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. The firm has a market cap of $18.03 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. Regions Financial Co. has a 1 year low of $13.72 and a 1 year high of $21.08. The firm’s 50 day moving average price is $19.43 and its two-hundred day moving average price is $18.09.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the firm posted $0.62 EPS. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. On average, research analysts predict that Regions Financial Co. will post 1.95 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Friday, May 31st. Regions Financial’s dividend payout ratio is 52.17%.

Analyst Upgrades and Downgrades

RF has been the subject of several analyst reports. Barclays reiterated an “underweight” rating and issued a $22.00 price target (up from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Evercore ISI upped their price target on shares of Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Argus cut shares of Regions Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Stephens reaffirmed an “equal weight” rating and set a $21.00 price target on shares of Regions Financial in a research report on Tuesday, January 23rd. Finally, Truist Financial cut their target price on shares of Regions Financial from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.34.

Institutional Investors Weigh In On Regions Financial

Institutional investors have recently modified their holdings of the stock. Laurel Wealth Advisors LLC lifted its stake in shares of Regions Financial by 86.5% in the 4th quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock valued at $27,000 after purchasing an additional 649 shares during the last quarter. MV Capital Management Inc. increased its holdings in shares of Regions Financial by 75.6% during the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after purchasing an additional 618 shares during the period. ICA Group Wealth Management LLC bought a new position in shares of Regions Financial during the 4th quarter worth about $28,000. Sound Income Strategies LLC increased its holdings in shares of Regions Financial by 103.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after purchasing an additional 750 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in Regions Financial in the third quarter valued at about $26,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.