Regions Financial Corp (NYSE:RF) COO Sells $585,200.00 in Stock

Regions Financial Corp (NYSE:RF) COO John B. Owen sold 40,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $14.63, for a total value of $585,200.00. Following the completion of the transaction, the chief operating officer now owns 87,152 shares of the company’s stock, valued at approximately $1,275,033.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Regions Financial stock traded down $0.37 during midday trading on Monday, hitting $14.30. 7,521,691 shares of the stock were exchanged, compared to its average volume of 13,144,310. Regions Financial Corp has a 1 year low of $12.39 and a 1 year high of $19.99. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.36 and a beta of 1.49. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 0.89. The company has a 50 day simple moving average of $15.11.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, July 19th. The bank reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. Regions Financial had a net margin of 26.43% and a return on equity of 10.86%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the business posted $0.32 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts anticipate that Regions Financial Corp will post 1.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be given a $0.155 dividend. The ex-dividend date is Thursday, September 5th. This is an increase from Regions Financial’s previous quarterly dividend of $0.14. This represents a $0.62 annualized dividend and a yield of 4.34%. Regions Financial’s dividend payout ratio (DPR) is currently 41.18%.

Regions Financial announced that its Board of Directors has authorized a stock buyback plan on Thursday, June 27th that permits the company to repurchase $1.37 billion in outstanding shares. This repurchase authorization permits the bank to purchase up to 9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

RF has been the topic of a number of research reports. ValuEngine raised shares of Regions Financial from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 18th. Macquarie downgraded shares of Regions Financial from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 23rd. Bank of America downgraded shares of Regions Financial from a “buy” rating to a “neutral” rating and cut their target price for the company from $18.00 to $16.00 in a research note on Thursday, July 11th. Wedbush raised shares of Regions Financial from a “neutral” rating to an “outperform” rating and raised their target price for the company from $15.00 to $17.00 in a research note on Monday, July 22nd. Finally, Morgan Stanley set a $16.00 price target on shares of Regions Financial and gave the stock a “hold” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.33.

A number of large investors have recently modified their holdings of RF. Buffington Mohr McNeal bought a new stake in Regions Financial in the 1st quarter valued at about $28,000. Mcmillion Capital Management Inc. bought a new stake in Regions Financial in the 2nd quarter valued at about $40,000. SRS Capital Advisors Inc. bought a new stake in Regions Financial in the 2nd quarter valued at about $47,000. Wealthcare Advisory Partners LLC lifted its position in Regions Financial by 101.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 3,305 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,664 shares during the last quarter. Finally, Private Ocean LLC bought a new stake in Regions Financial in the 2nd quarter valued at about $52,000. Hedge funds and other institutional investors own 71.38% of the company’s stock.

About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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