Investors Sell Regions Financial Corporation (RF) on Strength (RF)

Traders sold shares of Regions Financial Corporation (NYSE:RF) on strength during trading hours on Wednesday. $20.30 million flowed into the stock on the tick-up and $41.11 million flowed out of the stock on the tick-down, for a money net flow of $20.81 million out of the stock. Of all equities tracked, Regions Financial Corporation had the 0th highest net out-flow for the day. Regions Financial Corporation traded up $0.11 for the day and closed at $15.80

Several equities analysts have issued reports on the company. Jefferies Group LLC reissued a “hold” rating and issued a $16.00 price target on shares of Regions Financial Corporation in a research note on Friday, August 11th. Piper Jaffray Companies reissued a “hold” rating and issued a $14.50 price target on shares of Regions Financial Corporation in a research note on Thursday, August 17th. Wells Fargo & Company assumed coverage on Regions Financial Corporation in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $16.00 price target on the stock. BidaskClub lowered Regions Financial Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.50 price target on shares of Regions Financial Corporation in a research note on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Regions Financial Corporation presently has a consensus rating of “Hold” and an average target price of $15.31.

The firm has a market capitalization of $18,150.00, a P/E ratio of 16.46, a PEG ratio of 1.43 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39.

Regions Financial Corporation (NYSE:RF) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial Corporation had a return on equity of 7.56% and a net margin of 20.14%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. sell-side analysts predict that Regions Financial Corporation will post 0.99 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a $0.09 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.36 dividend on an annualized basis and a yield of 2.29%. Regions Financial Corporation’s dividend payout ratio (DPR) is presently 37.89%.

In other news, EVP Scott M. Peters sold 25,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 121,459 shares of the company’s stock, valued at approximately $1,923,910.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John B. Owen sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total value of $626,800.00. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of RF. Boston Partners lifted its holdings in Regions Financial Corporation by 506.1% during the 2nd quarter. Boston Partners now owns 32,501,037 shares of the bank’s stock worth $475,815,000 after purchasing an additional 27,138,273 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Regions Financial Corporation by 8,065.3% during the 2nd quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock worth $191,306,000 after purchasing an additional 12,907,276 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its holdings in Regions Financial Corporation by 257.2% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock worth $145,268,000 after purchasing an additional 6,868,243 shares in the last quarter. Samlyn Capital LLC lifted its holdings in Regions Financial Corporation by 63.0% during the 2nd quarter. Samlyn Capital LLC now owns 9,074,895 shares of the bank’s stock worth $132,856,000 after purchasing an additional 3,506,995 shares in the last quarter. Finally, Shapiro Capital Management LLC purchased a new stake in Regions Financial Corporation during the 2nd quarter worth about $47,308,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

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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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