Regions Financial Co. (NYSE:RF) EVP Sells $458,850.00 in Stock

Regions Financial Co. (NYSE:RF) EVP William D. Ritter sold 23,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $19.95, for a total value of $458,850.00. Following the completion of the transaction, the executive vice president now owns 41,671 shares in the company, valued at approximately $831,336.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Regions Financial Stock Up 0.2 %

Shares of NYSE RF opened at $19.78 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market capitalization of $18.18 billion, a PE ratio of 10.75, a P/E/G ratio of 1.45 and a beta of 1.21. Regions Financial Co. has a one year low of $13.72 and a one year high of $21.08. The business’s fifty day moving average price is $19.66 and its 200-day moving average price is $18.31.

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

Regions Financial Announces Dividend

The firm 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. The ex-dividend date is Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 4.85%. Regions Financial’s dividend payout ratio is 52.17%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RF shares. Morgan Stanley dropped their price objective on Regions Financial from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday, April 22nd. StockNews.com cut shares of Regions Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Stephens reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of Regions Financial in a research report on Tuesday, January 23rd. Citigroup raised shares of Regions Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $23.00 in a research report on Monday, March 18th. Finally, Royal Bank of Canada upped their target price on Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Regions Financial currently has an average rating of “Hold” and a consensus price target of $20.34.

Institutional Investors Weigh In On Regions Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Laurel Wealth Advisors LLC raised its stake in shares of Regions Financial by 86.5% during 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 period. ICA Group Wealth Management LLC bought a new stake in shares of Regions Financial during the fourth quarter valued at about $28,000. Sound Income Strategies LLC lifted its holdings in shares of Regions Financial by 103.2% in the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after buying an additional 750 shares in the last quarter. Glassman Wealth Services boosted its position in shares of Regions Financial by 163.3% in the fourth quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock valued at $30,000 after acquiring an additional 967 shares during the period. Finally, MV Capital Management Inc. grew its stake in Regions Financial by 75.6% during the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after acquiring an additional 618 shares in the last quarter. Institutional investors 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.