Regions Financial Corp EVP Ellen S. Jones Sells 9,500 Shares (RF)
Regions Financial Corp (NYSE:RF) EVP Ellen S. Jones unloaded 9,500 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $10.13, for a total transaction of $96,235.00. Following the completion of the transaction, the executive vice president now directly owns 28,330 shares of the company’s stock, valued at approximately $286,983. The transaction was disclosed in a filing with the SEC, which is available at this link.
Regions Financial Corp (NYSE:RF) traded down 0.59% on Wednesday, hitting $10.12. 18,234,660 shares of the company’s stock traded hands. Regions Financial Corp has a one year low of $8.84 and a one year high of $11.54. The stock’s 50-day moving average is $10.06 and its 200-day moving average is $10.42. The company has a market cap of $13.950 billion and a price-to-earnings ratio of 12.90.
Regions Financial Corp (NYSE:RF) last released its earnings data on Tuesday, July 22nd. The company reported $0.21 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.21. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.18 earnings per share. Regions Financial Corp’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Regions Financial Corp will post $0.86 EPS for the current fiscal year.
RF has been the subject of a number of recent research reports. Analysts at Miller Tabak upgraded shares of Regions Financial Corp from a “hold” rating to a “buy” rating in a research note on Friday, August 8th. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Regions Financial Corp in a research note on Wednesday, July 23rd. They now have a $12.00 price target on the stock, down previously from $12.50. Finally, analysts at Bernstein raised their price target on shares of Regions Financial Corp from $10.00 to $10.50 in a research note on Wednesday, July 23rd. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $11.56.
Regions Financial Corporation (NYSE:RF) is a financial holding company.
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