Regions Financial Corp (NYSE:RF) Insider Hardie B. Kimbrough, Jr. Sells 7,148 Shares

Regions Financial Corp (NYSE:RF) insider Hardie B. Kimbrough, Jr. sold 7,148 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $14.68, for a total transaction of $104,932.64. Following the completion of the sale, the insider now owns 34,482 shares of the company’s stock, valued at approximately $506,195.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of RF stock traded down $0.37 during midday trading on Monday, reaching $14.30. 7,521,691 shares of the company traded hands, compared to its average volume of 13,144,310. The business’s 50 day moving average price is $15.11. Regions Financial Corp has a 1-year low of $12.39 and a 1-year high of $19.99. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 1.36 and a beta of 1.49.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, July 19th. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.39. Regions Financial had a net margin of 26.43% and a return on equity of 10.86%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm earned $0.32 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts expect that Regions Financial Corp will post 1.54 EPS for the current year.



Regions Financial announced that its board has initiated a share buyback plan on Thursday, June 27th that authorizes the company to buyback $1.37 billion in shares. This buyback authorization authorizes the bank to repurchase up to 9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.34%. This is an increase from Regions Financial’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, September 5th. Regions Financial’s dividend payout ratio (DPR) is presently 41.18%.

A number of equities research analysts recently commented on the stock. Wedbush upgraded shares of Regions Financial from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $15.00 to $17.00 in a research report on Monday, July 22nd. ValuEngine upgraded shares of Regions Financial from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 18th. Raymond James reduced their price objective on shares of Regions Financial from $19.50 to $18.00 and set a “strong-buy” rating for the company in a research report on Monday, April 22nd. Macquarie downgraded shares of Regions Financial from a “neutral” rating to an “underperform” rating in a research report on Tuesday, April 23rd. Finally, Bank of America downgraded shares of Regions Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $18.00 to $16.00 in a research report on Thursday, July 11th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.33.

Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Regions Financial by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 15,010,538 shares of the bank’s stock valued at $200,519,000 after acquiring an additional 432,350 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Regions Financial by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,604,931 shares of the bank’s stock valued at $195,420,000 after acquiring an additional 286,879 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Regions Financial by 0.8% during the 1st quarter. Northern Trust Corp now owns 12,774,641 shares of the bank’s stock valued at $180,761,000 after acquiring an additional 99,218 shares in the last quarter. Bank of Montreal Can lifted its holdings in Regions Financial by 7.4% in the 1st quarter. Bank of Montreal Can now owns 11,410,552 shares of the bank’s stock worth $161,460,000 after buying an additional 786,118 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Regions Financial by 2.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 7,228,777 shares of the bank’s stock worth $102,287,000 after buying an additional 188,990 shares in the last quarter. Institutional investors own 71.38% of the company’s stock.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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