Insider Selling: Regions Financial Co. (NYSE:RF) EVP Sells $419,040.00 in Stock

Regions Financial Co. (NYSE:RF) EVP David R. Keenan sold 27,000 shares of the firm’s stock in a transaction on Tuesday, November 17th. The shares were sold at an average price of $15.52, for a total value of $419,040.00. Following the sale, the executive vice president now directly owns 21,725 shares of the company’s stock, valued at $337,172. The transaction was disclosed in a document filed with the SEC, which is available through this link.

RF stock opened at $15.11 on Friday. The business’s 50-day moving average price is $13.39 and its two-hundred day moving average price is $11.71. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.40. The firm has a market cap of $14.51 billion, a PE ratio of 19.13, a P/E/G ratio of 3.63 and a beta of 1.60. Regions Financial Co. has a 1-year low of $6.94 and a 1-year high of $17.54.

Regions Financial (NYSE:RF) last posted its earnings results on Tuesday, October 20th. The bank reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.16. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.50 billion. Regions Financial had a return on equity of 5.10% and a net margin of 11.32%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. On average, analysts forecast that Regions Financial Co. will post 0.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 4th will be issued a dividend of $0.155 per share. The ex-dividend date is Thursday, December 3rd. This represents a $0.62 annualized dividend and a yield of 4.10%. Regions Financial’s dividend payout ratio is presently 40.00%.

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in Regions Financial by 5.9% during the second quarter. Bank of New York Mellon Corp now owns 8,938,671 shares of the bank’s stock worth $99,398,000 after acquiring an additional 496,054 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Regions Financial by 68.7% in the 2nd quarter. AE Wealth Management LLC now owns 89,416 shares of the bank’s stock valued at $994,000 after purchasing an additional 36,409 shares during the period. Comerica Bank raised its stake in shares of Regions Financial by 42.8% in the 2nd quarter. Comerica Bank now owns 300,245 shares of the bank’s stock valued at $3,242,000 after purchasing an additional 89,987 shares during the period. IBM Retirement Fund raised its stake in shares of Regions Financial by 39.0% in the 3rd quarter. IBM Retirement Fund now owns 31,209 shares of the bank’s stock valued at $360,000 after purchasing an additional 8,757 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Regions Financial in the 2nd quarter valued at about $5,714,000. Hedge funds and other institutional investors own 73.35% of the company’s stock.

A number of equities research analysts recently weighed in on RF shares. Janney Montgomery Scott cut Regions Financial from a “buy” rating to a “neutral” rating in a report on Friday, November 6th. Wolfe Research initiated coverage on Regions Financial in a report on Friday, July 31st. They set an “outperform” rating for the company. TheStreet upgraded Regions Financial from a “c” rating to a “b” rating in a research report on Tuesday, October 20th. Odeon Capital Group upgraded Regions Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, September 15th. Finally, Truist upgraded Regions Financial to a “buy” rating in a research report on Thursday, September 17th. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $13.33.

About Regions Financial

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.

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