Traders Buy Regions Financial Corporation (RF) on Weakness
Investors purchased shares of Regions Financial Corporation (NYSE:RF) on weakness during trading on Thursday. $42.73 million flowed into the stock on the tick-up and $35.36 million flowed out of the stock on the tick-down, for a money net flow of $7.37 million into the stock. Of all stocks tracked, Regions Financial Corporation had the 21st highest net in-flow for the day. Regions Financial Corporation traded down ($0.10) for the day and closed at $15.70
A number of analysts recently commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.50 price objective on shares of Regions Financial Corporation in a report on Wednesday, August 16th. Wells Fargo & Company assumed coverage on shares of Regions Financial Corporation in a report on Wednesday, August 9th. They set a “market perform” rating and a $16.00 price objective on the stock. Nomura reissued a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Regions Financial Corporation in a report on Thursday, October 26th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $16.00 price target (up previously from $15.00) on shares of Regions Financial Corporation in a report on Monday, October 9th. Finally, BidaskClub downgraded shares of Regions Financial Corporation from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Regions Financial Corporation currently has a consensus rating of “Hold” and a consensus target price of $15.31.
The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.39. The stock has a market cap of $18,210.00, a PE ratio of 16.34, a P/E/G ratio of 1.42 and a beta of 1.29.
Regions Financial Corporation (NYSE:RF) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. Regions Financial Corporation had a net margin of 20.14% and a return on equity of 7.56%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business posted $0.24 earnings per share. Regions Financial Corporation’s revenue for the quarter was down 1.3% compared to the same quarter last year. research analysts predict that Regions Financial Corporation will post 0.99 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, December 7th. Regions Financial Corporation’s dividend payout ratio (DPR) is 37.89%.
In other Regions Financial Corporation news, EVP John B. Owen sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total transaction of $626,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott M. Peters sold 25,000 shares of the business’s stock in a transaction that occurred on 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 owns 121,459 shares of the company’s stock, valued at $1,923,910.56. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lloyds Banking Group plc purchased a new stake in Regions Financial Corporation during the second quarter worth approximately $108,000. Seven Eight Capital LP purchased a new stake in Regions Financial Corporation during the second quarter worth approximately $111,000. Sun Life Financial INC grew its stake in Regions Financial Corporation by 98,133.3% during the second quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock worth $129,000 after buying an additional 8,832 shares during the period. Salem Investment Counselors Inc. grew its stake in Regions Financial Corporation by 0.3% during the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock worth $134,000 after buying an additional 26 shares during the period. Finally, Captrust Financial Advisors purchased a new stake in Regions Financial Corporation during the second quarter worth approximately $139,000. Institutional investors own 77.53% of the company’s stock.
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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.
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