Regions Financial Corp (NYSE:RF) shares dropped 5.6% during trading on Thursday . The stock traded as low as $17.90 and last traded at $17.90. Approximately 16,318,075 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 11,662,714 shares. The stock had previously closed at $18.96.

RF has been the subject of several analyst reports. FBR & Co reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Regions Financial in a report on Wednesday, October 25th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Regions Financial in a report on Wednesday, October 25th. Nomura reiterated a “neutral” rating and issued a $17.00 target price (up from $16.00) on shares of Regions Financial in a research note on Thursday, October 26th. JPMorgan Chase & Co. increased their target price on shares of Regions Financial from $15.50 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Finally, Goldman Sachs Group upgraded shares of Regions Financial from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, November 16th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $17.24.

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $20,760.00, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.39 and a beta of 1.32.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the company posted $0.23 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. analysts forecast that Regions Financial Corp will post 1.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.01%. Regions Financial’s dividend payout ratio is currently 36.00%.

In related news, EVP Scott M. Peters sold 25,627 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total transaction of $499,726.50. Following the transaction, the executive vice president now owns 240,796 shares of the company’s stock, valued at approximately $4,695,522. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John E. D. D S. Maupin, Jr. sold 15,000 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total transaction of $255,600.00. Following the transaction, the director now directly owns 59,436 shares in the company, valued at approximately $1,012,789.44. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Welch Investments LLC bought a new position in shares of Regions Financial during the 4th quarter valued at $120,000. Steward Partners Investment Advisory LLC bought a new stake in Regions Financial in the 3rd quarter worth $150,000. Pax World Management LLC bought a new stake in Regions Financial in the 3rd quarter worth $154,000. Brightworth bought a new stake in Regions Financial in the 3rd quarter worth $159,000. Finally, American Century Companies Inc. bought a new stake in Regions Financial in the 3rd quarter worth $159,000. 76.99% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Regions Financial (RF) Shares Down 5.6%” was posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2018/02/08/regions-financial-rf-shares-down-5-6.html.

Regions Financial 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.

Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.