Regions Financial (NYSE:RF) Reaches New 52-Week Low at $13.94

Regions Financial Co. (NYSE:RF – Get Rating)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $13.94 and last traded at $17.40, with a volume of 6365686 shares traded. The stock had previously closed at $20.28.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays lifted their price target on Regions Financial from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 3rd. UBS Group lowered Regions Financial from a “buy” rating to a “neutral” rating and set a $24.00 price objective on the stock. in a research note on Tuesday, January 10th. Wells Fargo & Company lowered Regions Financial from an “outperform” rating to a “market perform” rating in a research note on Monday, November 21st. Jefferies Financial Group lowered Regions Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 9th. Finally, Wolfe Research raised Regions Financial from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research note on Thursday, December 1st. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.00.

Regions Financial Trading Up 0.6 %

The company has a 50 day moving average price of $22.77 and a 200 day moving average price of $22.03. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 0.78 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.81 and a current ratio of 0.82.

Regions Financial (NYSE:RF – Get Rating) last posted its quarterly earnings data on Friday, January 20th. The bank reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. Regions Financial had a return on equity of 16.14% and a net margin of 29.81%. On average, research analysts expect that Regions Financial Co. will post 2.57 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Friday, March 10th will be issued a $0.20 dividend. The ex-dividend date is Thursday, March 9th. This represents a $0.80 annualized dividend and a dividend yield of 4.22%. Regions Financial’s dividend payout ratio is presently 35.24%.

Insider Activity at Regions Financial

In related news, EVP C. Matthew Lusco sold 100,000 shares of the business’s stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $22.83, for a total value of $2,283,000.00. Following the sale, the executive vice president now owns 77,843 shares in the company, valued at approximately $1,777,155.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Regions Financial news, EVP William D. Ritter sold 13,000 shares of the company’s stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $23.42, for a total transaction of $304,460.00. Following the sale, the executive vice president now owns 24,344 shares in the company, valued at approximately $570,136.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP C. Matthew Lusco sold 100,000 shares of the company’s stock in a transaction dated Wednesday, January 25th. The stock was sold at an average price of $22.83, for a total value of $2,283,000.00. Following the sale, the executive vice president now owns 77,843 shares in the company, valued at approximately $1,777,155.69. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Regions Financial

Several large investors have recently bought and sold shares of RF. Yousif Capital Management LLC boosted its position in shares of Regions Financial by 0.8% in the 1st quarter. Yousif Capital Management LLC now owns 149,877 shares of the bank’s stock valued at $3,336,000 after purchasing an additional 1,249 shares during the period. Vontobel Holding Ltd. boosted its position in shares of Regions Financial by 23.5% in the 1st quarter. Vontobel Holding Ltd. now owns 24,426 shares of the bank’s stock valued at $553,000 after purchasing an additional 4,648 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Regions Financial by 929.9% in the 1st quarter. Allianz Asset Management GmbH now owns 1,070,728 shares of the bank’s stock valued at $23,834,000 after purchasing an additional 966,768 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Regions Financial by 44.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 15,715 shares of the bank’s stock valued at $350,000 after purchasing an additional 4,852 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of Regions Financial by 41.7% in the 1st quarter. Parkside Financial Bank & Trust now owns 2,505 shares of the bank’s stock valued at $56,000 after purchasing an additional 737 shares during the period. Hedge funds and other institutional investors own 72.87% of the company’s stock.

Regions Financial Company Profile

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Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other financing. The firm operates through the following segments: Corporate Bank, Consumer Bank, Wealth Management, and Other.