Traders On Following Strengths; Sold RF Shares

By Xyla Joelle L. Fernandez

Nov 21, 2016 06:00 AM EST

During the trading hour last Friday, Traders sold its shares of Regions Financial Corp. after an insider had sold shares in the company.

An $81.94 million flowed into the stock on the tick-up and $198.13 million flowed out of the stock on the tick-down, for a money net flow of $116.19 million out of the stock.

Regions Financial Corp. had the 0th highest net out-flow for the day. Regions Financial Corp. traded up $0.28 for the day and closed at $13.17Specifically, EVP William E. Horton sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 16th.

The shares were sold at an average price of $12.99, for a total value of $649,500.00. Following the sale, the executive vice president now directly owns 81,434 shares in the company, valued at $1,057,827.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Executive Vice President Scott M. Peters also sold 23,391 shares of the said stock in a transaction that had occurred last August 26th. The said shares were sold at $9.73 which had sum up to a total transaction of $227,594.43. The executive vice president now owned a 201,391 shares in the company by following the completion of sales and all in all, it sums up to a total value of $1,959,534.43.

Analysts have recently commented on the stock. Sandler O'Neill lowered shares of Regions Financial Corp. from a "buy" rating to a "hold" rating and set a $11.50 price target on the stock. company has a market capitalization of $16.32 billion, a P/E ratio of 15.58 and a beta of 1.35. The firm has a 50-day moving average of $10.47 and a 200 day moving average of $9.61.

According to the last posted earnings of the company, it had reported $0.24 EPS for the quarter topping the Thompson Reuters consensus estimate of $0.21 by $0.03 and thus the company had also earned a $1.46 billion during the quarter also compared to the consensus estimate of $1.38 billion.

Regions Financial Corp. had a net margin of 19.43% and a return on equity of 7.03%. The company's revenue for the quarter was up .8% compared to the same quarter last year.

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