Regions Financial Co. (NYSE:RF) Director Buys $200,118.28 in Stock

Regions Financial Co. (NYSE:RF – Get Rating) Director J Thomas Hill bought 11,926 shares of Regions Financial stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average price of $16.78 per share, with a total value of $200,118.28. Following the completion of the purchase, the director now owns 23,107 shares in the company, valued at approximately $387,735.46. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Regions Financial Stock Performance

RF stock opened at $16.86 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 0.70 and a beta of 1.18. Regions Financial Co. has a 1 year low of $13.94 and a 1 year high of $24.33. The stock’s fifty day moving average is $17.77 and its two-hundred day moving average is $20.87.

Regions Financial (NYSE:RF – Get Rating) last issued its quarterly earnings results on Friday, April 21st. The bank reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.03). The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. Regions Financial had a net margin of 28.61% and a return on equity of 16.60%. Regions Financial’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period last year, the business posted $0.55 earnings per share. On average, research analysts predict that Regions Financial Co. will post 2.38 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Thursday, June 1st. Regions Financial’s dividend payout ratio (DPR) is 34.19%.

Analysts Set New Price Targets

Several research firms have recently commented on RF. UBS Group increased their target price on Regions Financial from $21.00 to $22.00 in a research note on Tuesday, April 25th. JPMorgan Chase & Co. reduced their target price on Regions Financial from $26.00 to $23.00 in a research note on Monday, April 10th. Morgan Stanley reduced their target price on Regions Financial from $30.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, April 5th. Citigroup reduced their price objective on Regions Financial from $25.00 to $20.00 in a research note on Friday, April 21st. Finally, Barclays reduced their price objective on Regions Financial from $29.00 to $23.00 in a research note on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $23.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Aspire Private Capital LLC acquired a new position in shares of Regions Financial during the first quarter valued at $11,024,640,000. CI Investments Inc. increased its holdings in shares of Regions Financial by 991.2% during the third quarter. CI Investments Inc. now owns 1,244 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,130 shares during the period. MCF Advisors LLC increased its holdings in shares of Regions Financial by 2,210.5% during the fourth quarter. MCF Advisors LLC now owns 1,317 shares of the bank’s stock valued at $28,000 after purchasing an additional 1,260 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Regions Financial during the first quarter valued at $26,000. Finally, Horan Securities Inc. acquired a new position in Regions Financial during the first quarter worth about $27,000. 72.87% of the stock is owned by institutional investors and hedge funds.

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.