Regions Financial Co. (NYSE:RF - Get Free Report) Director William C. Rhodes III purchased 50,000 shares of Regions Financial stock in a transaction that occurred on Tuesday, April 23rd. The shares were bought at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the transaction, the director now owns 50,000 shares in the company, valued at $968,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Regions Financial Stock Performance
Shares of RF stock opened at $19.75 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market cap of $18.15 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The stock has a 50-day moving average of $19.39 and a 200-day moving average of $18.06. Regions Financial Co. has a one year low of $13.72 and a one year high of $21.08.
Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.08). The company 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% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. As a group, sell-side analysts expect that Regions Financial Co. will post 1.95 earnings per share for the current year.
Regions Financial Announces Dividend
Automatic Income (from home)
From Awesomely, LLC | Ad
For over 22 years, Wall Street elites have kept this little-known "income hack" from everyday investors…
6 simple clicks have set up HUGE payouts for "in-the-know" investors…
Delivering them passive income 365 days a year.
Just click here now to watch my presentation for free.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 4.86%. Regions Financial's payout ratio is 52.17%.
Institutional Trading of Regions Financial
Large investors have recently bought and sold shares of the business. Moisand Fitzgerald Tamayo LLC bought a new stake in Regions Financial during the 3rd quarter worth approximately $26,000. Laurel Wealth Advisors LLC increased its stake in Regions Financial by 86.5% during the 4th quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank's stock worth $27,000 after purchasing an additional 649 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in Regions Financial during the 4th quarter worth approximately $28,000. Sound Income Strategies LLC increased its stake in Regions Financial by 103.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank's stock worth $29,000 after purchasing an additional 750 shares in the last quarter. Finally, Glassman Wealth Services increased its stake in Regions Financial by 163.3% during the 4th quarter. Glassman Wealth Services now owns 1,559 shares of the bank's stock worth $30,000 after purchasing an additional 967 shares in the last quarter. 79.39% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on RF shares. Stephens reiterated an "equal weight" rating and set a $21.00 price target on shares of Regions Financial in a research report on Tuesday, January 23rd. Jefferies Financial Group upgraded shares of 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 report on Tuesday, January 9th. Barclays reiterated an "underweight" rating and set a $22.00 price target (up previously from $20.00) on shares of Regions Financial in a research report on Tuesday, January 2nd. Royal Bank of Canada boosted their price objective on Regions Financial from $19.00 to $21.00 and gave the stock an "outperform" rating in a report on Monday, January 22nd. Finally, Truist Financial dropped their price objective on Regions Financial from $22.00 to $20.00 and set a "hold" rating for the company in a report on Monday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.17.
Read Our Latest Report on RF
Regions Financial Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
