Regions Financial Corporation (NYSE:RF) Director Susan W. Matlock sold 10,000 shares of Regions Financial Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $15.23, for a total value of $152,300.00. Following the sale, the director now directly owns 32,188 shares in the company, valued at $490,223.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Regions Financial Corporation (NYSE:RF) opened at 14.86 on Wednesday. The company has a market cap of $17.82 billion, a P/E ratio of 15.53 and a beta of 1.31. The stock’s 50 day moving average price is $14.48 and its 200 day moving average price is $14.45. Regions Financial Corporation has a 12-month low of $9.14 and a 12-month high of $16.03.

Regions Financial Corporation (NYSE:RF) last announced its earnings results on Friday, July 21st. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Regions Financial Corporation had a return on equity of 7.51% and a net margin of 20.25%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company earned $0.20 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. On average, analysts forecast that Regions Financial Corporation will post $1.00 EPS for the current year.

Regions Financial Corporation declared that its Board of Directors has initiated a stock repurchase program on Wednesday, June 28th that permits the company to repurchase $1.47 billion in shares. This repurchase authorization permits the bank to buy up to 8.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.36 annualized dividend and a dividend yield of 2.42%. This is a positive change from Regions Financial Corporation’s previous quarterly dividend of $0.07. Regions Financial Corporation’s dividend payout ratio is currently 29.47%.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. FNY Partners Fund LP purchased a new position in shares of Regions Financial Corporation during the first quarter valued at about $103,000. Bronfman E.L. Rothschild L.P. raised its position in shares of Regions Financial Corporation by 10.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,184 shares of the bank’s stock valued at $104,000 after buying an additional 666 shares in the last quarter. Lloyds Banking Group plc purchased a new position in shares of Regions Financial Corporation during the second quarter valued at about $108,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Regions Financial Corporation by 0.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,703 shares of the bank’s stock valued at $126,000 after buying an additional 28 shares in the last quarter. Finally, Cornerstone Wealth Management LLC purchased a new position in shares of Regions Financial Corporation during the first quarter valued at about $146,000. 75.40% of the stock is owned by hedge funds and other institutional investors.

RF has been the topic of a number of recent research reports. Rafferty Capital Markets lowered Regions Financial Corporation from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a research note on Thursday, April 20th. Bank of America Corporation raised Regions Financial Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $15.00 to $17.00 in a research note on Thursday, May 4th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Regions Financial Corporation in a research note on Friday, June 23rd. Argus lowered Regions Financial Corporation from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research note on Monday, May 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Regions Financial Corporation in a research note on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.13.

Regions Financial Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Regions Financial Corporation (NYSE:RF)

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