Regions Financial (RF) Shares Gap Up to $16.65

Regions Financial Corporation (NYSE:RF)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $16.30, but opened at $16.65. Regions Financial shares last traded at $16.95, with a volume of 16551200 shares changing hands.

Several research firms have weighed in on RF. SunTrust Banks reaffirmed a “buy” rating and issued a $19.00 target price on shares of Regions Financial in a research report on Wednesday, November 29th. Goldman Sachs Group raised Regions Financial from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, November 16th. J P Morgan Chase & Co lifted their target price on Regions Financial from $15.50 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Nomura reaffirmed a “neutral” rating and issued a $17.00 target price (up from $16.00) on shares of Regions Financial in a research report on Thursday, October 26th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $16.00 target price on shares of Regions Financial in a research report on Wednesday, October 25th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.63.

The firm has a market capitalization of $19,568.71, a PE ratio of 17.57, a P/E/G ratio of 1.53 and a beta of 1.30. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.39.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial had a return on equity of 7.56% and a net margin of 20.14%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. equities research analysts anticipate that Regions Financial Corporation will post 0.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, December 7th. Regions Financial’s payout ratio is 37.50%.

In related news, EVP John B. Owen sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total transaction of $626,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value of $255,600.00. Following the sale, the director now owns 59,436 shares of the company’s stock, valued at approximately $1,012,789.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,000 shares of company stock valued at $1,278,400. 0.52% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of RF. Boston Partners lifted its stake in Regions Financial by 506.1% in the second quarter. Boston Partners now owns 32,501,037 shares of the bank’s stock valued at $475,815,000 after buying an additional 27,138,273 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Regions Financial by 8,065.3% in the second quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock valued at $191,306,000 after buying an additional 12,907,276 shares during the last quarter. Old Mutual Global Investors UK Ltd. lifted its stake in Regions Financial by 257.2% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock valued at $145,268,000 after buying an additional 6,868,243 shares during the last quarter. Samlyn Capital LLC lifted its stake in Regions Financial by 63.0% in the second quarter. Samlyn Capital LLC now owns 9,074,895 shares of the bank’s stock valued at $132,856,000 after buying an additional 3,506,995 shares during the last quarter. Finally, Shapiro Capital Management LLC purchased a new stake in Regions Financial in the second quarter valued at approximately $47,308,000. Institutional investors own 75.70% of the company’s stock.

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Regions Financial 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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