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.
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.
Further Reading: How is the S&P 500 index different from the DJIA?
Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.