Regions Financial Co. (NYSE:RF) EVP Barbara Godin sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $19.15, for a total transaction of $383,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Regions Financial opened at $19.01 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.53. The stock has a market cap of $21.50 billion, a PE ratio of 17.09, a P/E/G ratio of 0.97 and a beta of 1.26. Regions Financial Co. has a 52-week low of $13.02 and a 52-week high of $20.21.
Regions Financial (NYSE:RF) last posted its earnings results on Friday, April 20th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Regions Financial had a net margin of 22.06% and a return on equity of 8.75%. During the same quarter last year, the company posted $0.23 EPS. equities research analysts expect that Regions Financial Co. will post 1.4 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 8th will be paid a dividend of $0.09 per share. 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 is presently 36.00%.
A number of research analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Regions Financial from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. ValuEngine raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. B. Riley increased their price target on shares of Regions Financial from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, April 24th. Finally, Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Regions Financial in a research note on Sunday, April 22nd. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $17.56.
Hedge funds and other institutional investors have recently bought and sold shares of the company. AdvisorNet Financial Inc acquired a new stake in shares of Regions Financial during the 1st quarter worth about $117,000. Welch Investments LLC acquired a new stake in shares of Regions Financial during the 4th quarter worth about $120,000. Summit Trail Advisors LLC lifted its stake in shares of Regions Financial by 1,646.8% during the 1st quarter. Summit Trail Advisors LLC now owns 134,102 shares of the bank’s stock worth $134,000 after buying an additional 126,425 shares during the last quarter. Avestar Capital LLC acquired a new stake in shares of Regions Financial during the 4th quarter worth about $135,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Regions Financial during the 4th quarter worth about $166,000. Institutional investors own 75.02% of the company’s stock.
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.
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