Regions Financial Co. (NYSE:RF) EVP William D. Ritter Sells 23,000 Shares of Stock

Regions Financial Co. (NYSE:RF) EVP William D. Ritter sold 23,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $19.95, for a total transaction of $458,850.00. Following the transaction, the executive vice president now owns 41,671 shares in the company, valued at approximately $831,336.45. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Regions Financial Stock Down 0.9 %

Shares of RF stock opened at $19.65 on Wednesday. Regions Financial Co. has a one year low of $13.72 and a one year high of $21.08. 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 fifty day moving average price of $19.61 and a 200 day moving average price of $18.29. The stock has a market cap of $18.06 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. Regions Financial’s revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 earnings per share. Analysts predict that Regions Financial Co. will post 1.95 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Monday, June 3rd. Regions Financial’s payout ratio is 52.17%.

Wall Street Analyst Weigh In

RF has been the topic of several recent research reports. Citigroup upgraded Regions Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $20.00 to $23.00 in a report on Monday, March 18th. Royal Bank of Canada raised their price objective on Regions Financial from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, January 22nd. Keefe, Bruyette & Woods boosted their target price on Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Morgan Stanley lowered their price target on Regions Financial from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. Finally, Stephens reissued an “equal weight” rating and issued a $21.00 price target on shares of Regions Financial in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.34.

Institutional Investors Weigh In On Regions Financial

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Regions Financial by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 117,704,755 shares of the bank’s stock worth $2,281,118,000 after acquiring an additional 3,119,237 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Regions Financial by 3.6% in the 4th quarter. Wellington Management Group LLP now owns 55,775,416 shares of the bank’s stock worth $1,080,928,000 after purchasing an additional 1,951,026 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Regions Financial by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,169,876 shares of the bank’s stock worth $346,922,000 after purchasing an additional 618,384 shares in the last quarter. Invesco Ltd. lifted its holdings in Regions Financial by 15.1% during the 3rd quarter. Invesco Ltd. now owns 11,086,142 shares of the bank’s stock valued at $190,682,000 after purchasing an additional 1,455,499 shares during the last quarter. Finally, Norges Bank acquired a new position in Regions Financial in the fourth quarter valued at about $210,379,000. 79.39% of the stock is currently owned by institutional investors.

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.