Regions Financial Co. (NYSE:RF) EVP Barbara Godin sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $19.15, for a total transaction of $383,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Regions Financial opened at $19.01 on Friday, MarketBeat Ratings reports. The company has a market capitalization of $21.35 billion, a PE ratio of 16.97, a P/E/G ratio of 0.96 and a beta of 1.26. Regions Financial Co. has a 1 year low of $13.02 and a 1 year high of $20.21. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.
Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, April 20th. The bank reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. Regions Financial had a net margin of 22.06% and a return on equity of 8.75%. During the same period in the previous year, the firm earned $0.23 EPS. research analysts forecast that Regions Financial Co. will post 1.4 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 8th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, June 7th. Regions Financial’s dividend payout ratio (DPR) is 36.00%.
A number of brokerages have commented on RF. ValuEngine downgraded shares of Regions Financial from a “buy” rating to a “hold” rating in a research note on Monday, May 14th. B. Riley lifted their target price on shares of Regions Financial from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 24th. Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Regions Financial in a research note on Sunday, April 22nd. Finally, Morgan Stanley lifted their target price on shares of Regions Financial from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $17.56.
Institutional investors have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc purchased a new stake in shares of Regions Financial in the 1st quarter valued at approximately $117,000. Welch Investments LLC purchased a new stake in shares of Regions Financial in the 4th quarter valued at approximately $120,000. Summit Trail Advisors LLC raised its stake in shares of Regions Financial by 1,646.8% in the 1st quarter. Summit Trail Advisors LLC now owns 134,102 shares of the bank’s stock valued at $134,000 after acquiring an additional 126,425 shares during the period. Avestar Capital LLC purchased a new stake in shares of Regions Financial in the 4th quarter valued at approximately $135,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Regions Financial in the 4th quarter valued at approximately $166,000. 75.02% of the stock is currently owned by institutional investors and hedge funds.
About Regions Financial
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.