Insider Buying: Regions Financial Co. (NYSE:RF) Director Acquires 50,000 Shares of Stock

Regions Financial Co. (NYSE:RF) Director William C. Rhodes III purchased 50,000 shares of Regions Financial stock in a transaction that occurred on Tuesday, April 23rd. The shares were bought at an average price of $19.37 per share, for a total transaction of $968,500.00. Following the transaction, the director now owns 50,000 shares in the company, valued at $968,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Regions Financial Stock Performance

Shares of RF stock opened at $19.75 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market cap of $18.15 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The stock has a 50-day moving average of $19.39 and a 200-day moving average of $18.06. Regions Financial Co. has a one year low of $13.72 and a one year high of $21.08.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The business’s revenue was down 10.5% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. As a group, sell-side analysts expect that Regions Financial Co. will post 1.95 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 4.86%. Regions Financial’s payout ratio is 52.17%.

Institutional Trading of Regions Financial

Large investors have recently bought and sold shares of the business. Moisand Fitzgerald Tamayo LLC bought a new stake in Regions Financial during the 3rd quarter worth approximately $26,000. Laurel Wealth Advisors LLC increased its stake in Regions Financial by 86.5% during the 4th quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock worth $27,000 after purchasing an additional 649 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in Regions Financial during the 4th quarter worth approximately $28,000. Sound Income Strategies LLC increased its stake in Regions Financial by 103.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock worth $29,000 after purchasing an additional 750 shares in the last quarter. Finally, Glassman Wealth Services increased its stake in Regions Financial by 163.3% during the 4th quarter. Glassman Wealth Services now owns 1,559 shares of the bank’s stock worth $30,000 after purchasing an additional 967 shares in the last quarter. 79.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on RF shares. Stephens reiterated an “equal weight” rating and set a $21.00 price target on shares of Regions Financial in a research report on Tuesday, January 23rd. Jefferies Financial Group upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $15.00 to $22.00 in a research report on Tuesday, January 9th. Barclays reiterated an “underweight” rating and set a $22.00 price target (up previously from $20.00) on shares of Regions Financial in a research report on Tuesday, January 2nd. Royal Bank of Canada boosted their price objective on Regions Financial from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Finally, Truist Financial dropped their price objective on Regions Financial from $22.00 to $20.00 and set a “hold” rating for the company in a report on Monday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.17.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.