Deals

Regions Financial (RF) EVP Sells Stock Worth $343,795.46

October 29
6:00 AM 2016

The perfection of the said transaction makes the executive vice president an owner of a total of 251,064 shares of the firm's stock, valued at about $2,668,810.32. The sale was revealed in a document filed before the Securities and Exchange Commission.

On Thursday, the shares of Regions Financial Corp (NYSE:RF) started at 10.75. On a 50-day moving, the company reaches an average of $10.03 an $9.42 in its 200-day moving average.  With a P/E ratio of 12.63 and a beta of 1.44, the stock has a market cap of $13.29 billion. The company has a 52-week low of $7.00 and a 52-week high of $10.80.

Last October 18, Thursday, Regions Financial Corp (NYSE:RF) last posted the results of its earnings. Defeating the Zack's consensus estimate of $0.21 by $0.03, the corporation has reported a $0.24 EPS for the quarter.

The company achieved a net margin of 19.43% and a profit on equity of 7.03%. Compared to the expectations of analysts of $1.38 billion, Regions Financial Corp reached revenue of $1.46 billion for the quarter alone. In the previous years, during the same quarter, the firm has $0.18 earnings per share. The firm's income for the quarter was higher by .8% compared to the rate it earned to the same period last year. Experts predict that for the present fiscal year, the Regions Financial Corp will post $0.86 earnings per share.

Regions Financial Corp also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. On Friday, December 9th, shareholders of record will be given a $0.065 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. It also represents a $0.26 dividend on yearly basis and a return of 2.42%. At present, the payout ratio of Regions Financial Corp is 30.59%.

For the previous months, Regions Financial Corp has been one of the most talked-about in the reports of several analysts.  Jefferies Group reiterated a "buy" rating and released a $9.50 target price on shares of Regions Financial Corp in a report on Thursday, July 7th.

In a report on Friday, August 5th, TheStreet raised shares of Regions Financial Corp from a "hold" rating to a "buy" rating. Evercore ISI, in a report on Friday, July 22nd, also reaffirmed a "buy" rating and issued a $10.00 target price (up previously from $9.00) on shares of Regions Financial Corp.

Moreover, in a report on Wednesday, July 20th, FBR & Co likewise restated a "buy" rating and issued a $10.50 target price on shares of Regions Financial Corp. 

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