William C. Rhodes III Acquires 50,000 Shares of Regions Financial Co. (NYSE:RF) Stock

Regions Financial Co. (NYSE:RF) Director William C. Rhodes III bought 50,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were acquired at an average price of $19.37 per share, with a total value of $968,500.00. Following the purchase, the director now owns 50,000 shares of the company’s stock, valued at $968,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Regions Financial Trading Down 0.8 %

Shares of NYSE RF opened at $19.61 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. Regions Financial Co. has a 12 month low of $13.72 and a 12 month high of $21.08. The company has a market cap of $18.02 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 1.42 and a beta of 1.21. The business has a fifty day simple moving average of $19.41 and a 200-day simple moving average of $18.07.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, April 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. Regions Financial’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. Sell-side analysts predict that Regions Financial Co. will post 1.95 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given 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 4.90%. Regions Financial’s payout ratio is 52.17%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RF shares. Truist Financial dropped their price objective on shares of Regions Financial from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday. Jefferies Financial Group upgraded Regions Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $15.00 to $22.00 in a research report on Tuesday, January 9th. Stephens restated an “equal weight” rating and set a $21.00 price objective on shares of Regions Financial in a research report on Tuesday, January 23rd. Citigroup raised Regions Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $23.00 in a research report on Monday, March 18th. Finally, Evercore ISI boosted their price target on shares of Regions Financial from $20.00 to $22.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RF. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Regions Financial during the 3rd quarter worth $26,000. Laurel Wealth Advisors LLC increased its position in Regions Financial by 86.5% during the fourth quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock worth $27,000 after buying an additional 649 shares during the last quarter. ICA Group Wealth Management LLC bought a new position in Regions Financial during the fourth quarter valued at about $28,000. Sound Income Strategies LLC boosted its stake in shares of 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 acquiring an additional 750 shares in the last quarter. Finally, Glassman Wealth Services raised its stake in shares of Regions Financial by 163.3% in the 4th quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock valued at $30,000 after acquiring an additional 967 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

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.