Regions Financial Co. (NYSE:RF) Director Buys $968,500.00 in Stock

Regions Financial Co. (NYSE:RF) Director William C. Rhodes III acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was acquired at an average cost of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the purchase, the director now directly owns 50,000 shares in the company, valued at $968,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Regions Financial Stock Performance

Shares of RF stock traded up $0.40 during trading on Wednesday, hitting $19.75. The company’s stock had a trading volume of 11,018,001 shares, compared to its average volume of 8,829,525. The company has a market cap of $18.15 billion, a PE ratio of 10.63, a P/E/G ratio of 1.40 and a beta of 1.21. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $19.36 and a 200-day moving average of $18.05. Regions Financial Co. has a 52 week low of $13.72 and a 52 week high of $21.08.

Regions Financial (NYSE:RF) last released its 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). The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The business’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 earnings per share. As a group, research analysts anticipate that Regions Financial Co. will post 1.95 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Friday, May 31st. Regions Financial’s dividend payout ratio is presently 52.17%.

Hedge Funds Weigh In On Regions Financial

Several institutional investors have recently modified their holdings of RF. Moisand Fitzgerald Tamayo LLC bought a new position in Regions Financial during the third quarter valued at $26,000. Laurel Wealth Advisors LLC grew its holdings in Regions Financial by 86.5% during the fourth 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 position in Regions Financial during the fourth quarter valued at $28,000. Sound Income Strategies LLC grew its holdings in Regions Financial by 103.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after purchasing an additional 750 shares during the period. Finally, Glassman Wealth Services grew its holdings in Regions Financial by 163.3% during the fourth quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock valued at $30,000 after purchasing an additional 967 shares during the period. 79.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RF has been the topic of a number of research reports. Argus downgraded Regions Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. StockNews.com downgraded Regions Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Morgan Stanley dropped their price target on Regions Financial from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday. Jefferies Financial Group raised Regions Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $15.00 to $22.00 in a research note on Tuesday, January 9th. Finally, Evercore ISI upped their price target on Regions Financial from $20.00 to $22.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. Two 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.17.

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.