Regions Financial Corp (NYSE:RF) EVP C. Keith Herron sold 30,000 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $14.30, for a total value of $429,000.00. Following the completion of the sale, the executive vice president now directly owns 204,537 shares in the company, valued at approximately $2,924,879.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Regions Financial Corp (NYSE:RF) traded up 0.57% during mid-day trading on Friday, hitting $14.09. The company had a trading volume of 13,766,436 shares. The firm’s 50 day moving average is $14.07 and its 200-day moving average is $14.15. The firm has a market cap of $16.94 billion, a PE ratio of 15.48 and a beta of 1.37. Regions Financial Corp has a 12-month low of $7.80 and a 12-month high of $16.03.
Regions Financial Corp (NYSE:RF) last released its earnings results on Tuesday, April 18th. The bank reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Regions Financial Corp had a return on equity of 7.09% and a net margin of 19.49%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. On average, equities analysts expect that Regions Financial Corp will post $0.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be issued a $0.07 dividend. This is a boost from Regions Financial Corp’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.99%. Regions Financial Corp’s dividend payout ratio (DPR) is presently 29.89%.
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A number of research firms recently commented on RF. Wedbush reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Regions Financial Corp in a research note on Tuesday, March 7th. Royal Bank of Canada reiterated a “hold” rating and set a $15.00 target price on shares of Regions Financial Corp in a research report on Thursday. FBR & Co set a $18.00 target price on Regions Financial Corp and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Argus downgraded Regions Financial Corp from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a research report on Monday, May 1st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $16.00 price objective on shares of Regions Financial Corp in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $13.87.
Institutional investors have recently made changes to their positions in the stock. Lbmc Investment Advisors LLC boosted its position in shares of Regions Financial Corp by 0.5% in the third quarter. Lbmc Investment Advisors LLC now owns 36,018 shares of the bank’s stock valued at $356,000 after buying an additional 197 shares during the last quarter. LSV Asset Management boosted its position in shares of Regions Financial Corp by 1.0% in the third quarter. LSV Asset Management now owns 33,541,284 shares of the bank’s stock valued at $331,052,000 after buying an additional 329,900 shares during the last quarter. Homrich & Berg boosted its position in shares of Regions Financial Corp by 4.4% in the third quarter. Homrich & Berg now owns 97,872 shares of the bank’s stock valued at $966,000 after buying an additional 4,138 shares during the last quarter. TradeLink Capital LLC bought a new position in shares of Regions Financial Corp during the third quarter valued at $103,000. Finally, Palouse Capital Management Inc. bought a new position in shares of Regions Financial Corp during the third quarter valued at $5,881,000. Institutional investors own 74.09% of the company’s stock.
Regions Financial Corp 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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