Key Points
- EVP Brian Willman sold 7,014 shares of Regions Financial stock on May 7 at an average price of $27.91, totaling about $195,761. The sale was disclosed in an SEC filing.
- Regions Financial shares were down 1.1% and traded near $27.65, with the stock sitting between a 12-month low of $20.79 and a high of $31.53. The company currently has a market cap of about $23.87 billion and a price-to-earnings ratio of 11.52.
- The bank recently reported quarterly EPS of $0.62, slightly beating estimates, and announced a quarterly dividend of $0.265 per share. That dividend implies an annualized yield of 3.8% and will be paid on July 1 to shareholders of record on June 1.
Regions Financial Corporation (NYSE:RF - Get Free Report) EVP Brian Willman sold 7,014 shares of the business's stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Regions Financial Stock Down 1.1%
Shares of NYSE RF opened at $27.65 on Friday. The firm has a fifty day simple moving average of $27.07 and a two-hundred day simple moving average of $27.06. Regions Financial Corporation has a 12 month low of $20.79 and a 12 month high of $31.53. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $23.87 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.09 and a beta of 1.02.
Regions Financial (NYSE:RF - Get Free Report) last announced its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts expect that Regions Financial Corporation will post 2.61 earnings per share for the current year.
Regions Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 1st. Regions Financial's payout ratio is presently 44.17%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Brean Capital started coverage on Regions Financial in a research report on Thursday, March 12th. They issued a "neutral" rating for the company. Royal Bank Of Canada lifted their price target on Regions Financial from $29.00 to $31.00 and gave the company an "outperform" rating in a research report on Monday, April 20th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $32.00 price target on shares of Regions Financial in a research note on Tuesday, March 3rd. Piper Sandler decreased their price objective on Regions Financial from $31.00 to $28.00 and set a "neutral" rating for the company in a report on Monday, March 30th. Finally, JPMorgan Chase & Co. lowered their price objective on Regions Financial from $31.50 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 7th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $30.12.
Read Our Latest Stock Report on Regions Financial
Institutional Trading of Regions Financial
A number of institutional investors and hedge funds have recently bought and sold shares of RF. Darwin Wealth Management LLC purchased a new position in Regions Financial in the second quarter worth about $25,000. SouthState Bank Corp grew its holdings in shares of Regions Financial by 94.1% during the fourth quarter. SouthState Bank Corp now owns 1,110 shares of the bank's stock valued at $30,000 after buying an additional 538 shares during the last quarter. United Community Bank bought a new stake in shares of Regions Financial during the third quarter valued at approximately $30,000. Spire Wealth Management raised its holdings in Regions Financial by 91.5% in the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank's stock worth $32,000 after acquiring an additional 557 shares during the last quarter. Finally, Princeton Global Asset Management LLC raised its holdings in Regions Financial by 260.4% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank's stock worth $32,000 after acquiring an additional 854 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.
About Regions Financial
(
Get Free Report)
Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.
In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.
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