Brian Willman Sells 7,014 Shares of Regions Financial (NYSE:RF) Stock

Regions Financial Corporation (NYSE:RF) EVP Brian Willman sold 7,014 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Regions Financial Stock Down 1.1%

Shares of RF opened at $27.65 on Friday. Regions Financial Corporation has a 52 week low of $20.79 and a 52 week high of $31.53. The stock has a market capitalization of $23.87 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.08 and a beta of 1.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a fifty day moving average of $27.07 and a 200-day moving average of $27.06.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.Regions Financial’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS. As a group, sell-side analysts anticipate that Regions Financial Corporation will post 2.61 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 1st. Regions Financial’s dividend payout ratio (DPR) is currently 44.17%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RF. Piper Sandler lowered their target price on Regions Financial from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 30th. Morgan Stanley lowered their target price on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $32.00 target price on shares of Regions Financial in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $31.00 target price on shares of Regions Financial in a research report on Tuesday, January 20th. Finally, DA Davidson raised their target price on Regions Financial from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $30.12.

Institutional Trading of Regions Financial

Large investors have recently bought and sold shares of the business. First Citizens Bank & Trust Co. grew its holdings in Regions Financial by 6.8% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 690,344 shares of the bank’s stock worth $18,204,000 after acquiring an additional 44,252 shares during the period. iA Global Asset Management Inc. acquired a new stake in shares of Regions Financial in the 3rd quarter valued at about $1,378,000. Teacher Retirement System of Texas grew its stake in shares of Regions Financial by 111.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 290,563 shares of the bank’s stock valued at $7,662,000 after buying an additional 152,987 shares during the period. AGF Management Ltd. acquired a new stake in shares of Regions Financial in the 3rd quarter valued at about $1,669,000. Finally, American Century Companies Inc. grew its stake in shares of Regions Financial by 85.9% in the 3rd quarter. American Century Companies Inc. now owns 4,625,557 shares of the bank’s stock valued at $121,976,000 after buying an additional 2,137,062 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.