Regions Financial (NYSE:RF) EVP Sells $1,036,080.00 in Stock

Regions Financial Corporation (NYSE:RF) EVP William Ritter sold 36,000 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $28.78, for a total transaction of $1,036,080.00. Following the transaction, the executive vice president owned 17,569 shares in the company, valued at approximately $505,635.82. This trade represents a 67.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Regions Financial Stock Performance

RF stock traded up $0.28 during trading on Monday, reaching $27.76. The company had a trading volume of 13,484,325 shares, compared to its average volume of 15,878,451. The company has a market cap of $24.34 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.03. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $29.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a 50-day simple moving average of $26.99 and a 200-day simple moving average of $26.11.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, January 16th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). Regions Financial had a return on equity of 12.55% and a net margin of 22.44%.The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the business posted $0.56 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial declared that its Board of Directors has initiated a share buyback program on Wednesday, December 10th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the bank to reacquire up to 12.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Regions Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its position in shares of Regions Financial by 7.2% during the 1st quarter. Empowered Funds LLC now owns 19,152 shares of the bank’s stock valued at $416,000 after acquiring an additional 1,278 shares during the period. Woodline Partners LP grew its holdings in Regions Financial by 40.7% in the first quarter. Woodline Partners LP now owns 76,797 shares of the bank’s stock valued at $1,669,000 after purchasing an additional 22,216 shares during the period. Farther Finance Advisors LLC increased its position in shares of Regions Financial by 80.2% in the second quarter. Farther Finance Advisors LLC now owns 20,006 shares of the bank’s stock valued at $471,000 after buying an additional 8,901 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Regions Financial by 12.3% in the second quarter. Ballentine Partners LLC now owns 18,372 shares of the bank’s stock valued at $432,000 after buying an additional 2,011 shares in the last quarter. Finally, American National Bank & Trust raised its stake in shares of Regions Financial by 2,433.3% during the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after buying an additional 1,022 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stephens reissued an “equal weight” rating and issued a $27.00 price objective (down from $30.00) on shares of Regions Financial in a report on Tuesday, October 14th. Wells Fargo & Company downgraded shares of Regions Financial from an “equal weight” rating to an “underweight” rating and set a $30.00 price target on the stock. in a report on Friday, January 16th. Morgan Stanley set a $31.00 price objective on shares of Regions Financial in a report on Monday, January 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Regions Financial in a report on Monday, December 29th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $31.00 target price on shares of Regions Financial in a research report on Tuesday, January 20th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Regions Financial presently has a consensus rating of “Hold” and an average target price of $29.27.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.