Scott M. Peters Sells 25,000 Shares of Regions Financial Corporation (RF) Stock
Regions Financial Corporation (NYSE:RF) EVP Scott M. Peters sold 25,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $15.84, for a total transaction of $396,000.00. Following the sale, the executive vice president now directly owns 121,459 shares of the company’s stock, valued at approximately $1,923,910.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Regions Financial Corporation (RF) traded down 0.57% on Friday, reaching $15.72. 11,897,783 shares of the company were exchanged. Regions Financial Corporation has a 12-month low of $10.32 and a 12-month high of $16.03. The firm has a market capitalization of $18.79 billion, a PE ratio of 16.43 and a beta of 1.34. The stock’s 50-day moving average is $14.62 and its 200 day moving average is $14.33.
Regions Financial Corporation (NYSE:RF) last released its earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial Corporation had a return on equity of 7.56% and a net margin of 20.14%. Regions Financial Corporation’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. On average, analysts forecast that Regions Financial Corporation will post $1.00 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.36 dividend on an annualized basis and a yield of 2.29%. Regions Financial Corporation’s payout ratio is 37.50%.
A number of large investors have recently added to or reduced their stakes in RF. Boston Partners lifted its position in Regions Financial Corporation by 506.1% in the 2nd quarter. Boston Partners now owns 32,501,037 shares of the bank’s stock worth $475,815,000 after buying an additional 27,138,273 shares during the last quarter. Janus Henderson Group PLC lifted its position in Regions Financial Corporation by 8,065.3% in the second quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock valued at $191,306,000 after purchasing an additional 12,907,276 shares during the last quarter. Janus Capital Management LLC lifted its position in Regions Financial Corporation by 733.1% in the first quarter. Janus Capital Management LLC now owns 10,068,523 shares of the bank’s stock valued at $146,296,000 after purchasing an additional 8,859,912 shares during the last quarter. Samlyn Capital LLC lifted its position in Regions Financial Corporation by 63.0% in the second quarter. Samlyn Capital LLC now owns 9,074,895 shares of the bank’s stock valued at $132,856,000 after purchasing an additional 3,506,995 shares during the last quarter. Finally, Shapiro Capital Management LLC bought a new stake in Regions Financial Corporation in the second quarter valued at approximately $47,308,000. Institutional investors own 75.68% of the company’s stock.
RF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $15.50 price objective on shares of Regions Financial Corporation in a research report on Friday, September 15th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Regions Financial Corporation in a research report on Monday, July 3rd. Citigroup Inc. reaffirmed a “neutral” rating and set a $16.00 price objective (up previously from $15.00) on shares of Regions Financial Corporation in a research report on Monday, October 9th. BidaskClub cut shares of Regions Financial Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $17.00 price objective on shares of Regions Financial Corporation in a research report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.10.
About Regions Financial Corporation
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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