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

Key Points

• Regions Financial EVP Brian Willman sold 7,014 shares on May 7 at an average price of $27.91, totaling about $195,761, according to an SEC filing.
• The bank’s latest quarterly results slightly beat EPS expectations, reporting $0.62 per share versus $0.61 expected, while revenue came in below forecasts at $1.87 billion.
• Regions Financial recently declared a quarterly dividend of $0.265 per share, equal to an annualized yield of 3.8%, with payment set for July 1.

Regions Financial Corporation (NYSE:RF - Get Free Report) EVP Brian Willman sold 7,014 shares of Regions Financial stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Regions Financial Stock Performance

Shares of Regions Financial stock traded down $0.30 during trading on Friday, reaching $27.65. The company's stock had a trading volume of 16,007,978 shares, compared to its average volume of 13,615,882. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. The business's 50-day moving average price is $27.07 and its 200-day moving average price is $27.06. Regions Financial Corporation has a 52 week low of $20.79 and a 52 week high of $31.53. The firm has a market cap of $23.87 billion, a PE ratio of 11.52, a P/E/G ratio of 1.10 and a beta of 1.02.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The business had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.92 billion. During the same quarter in the previous year, the company earned $0.54 EPS. The business's revenue was up 5.0% on a year-over-year basis. Equities analysts forecast that Regions Financial Corporation will post 2.61 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a yield of 3.8%. Regions Financial's dividend payout ratio is currently 44.17%.

Wall Street Analysts Forecast Growth

RF has been the subject of a number of recent analyst reports. Brean Capital assumed coverage on Regions Financial in a research report on Thursday, March 12th. They set a "neutral" rating for the company. DA Davidson boosted their price target on Regions Financial from $31.00 to $32.00 and gave the company a "buy" rating in a research note on Monday, April 20th. Wells Fargo & Company cut shares of Regions Financial from an "equal weight" rating to an "underweight" rating and set a $30.00 price objective for the company. in a research report on Friday, January 16th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $31.00 target price on shares of Regions Financial in a report on Tuesday, January 20th. Finally, Piper Sandler cut their price target on shares of Regions Financial from $31.00 to $28.00 and set a "neutral" rating for the company in a report on Monday, March 30th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $30.12.

Institutional Investors Weigh In On Regions Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its holdings in shares of Regions Financial by 7.2% during the first quarter. Empowered Funds LLC now owns 19,152 shares of the bank's stock worth $416,000 after buying an additional 1,278 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of Regions Financial by 40.7% during the 1st quarter. Woodline Partners LP now owns 76,797 shares of the bank's stock valued at $1,669,000 after acquiring an additional 22,216 shares in the last quarter. Baird Financial Group Inc. grew its position in Regions Financial by 0.7% during the 2nd quarter. Baird Financial Group Inc. now owns 71,717 shares of the bank's stock worth $1,687,000 after acquiring an additional 511 shares during the last quarter. Federated Hermes Inc. increased its holdings in Regions Financial by 81.2% in the 2nd quarter. Federated Hermes Inc. now owns 11,677 shares of the bank's stock worth $275,000 after purchasing an additional 5,233 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Regions Financial by 5.0% in the second quarter. Daiwa Securities Group Inc. now owns 141,155 shares of the bank's stock valued at $3,320,000 after purchasing an additional 6,690 shares during the last quarter. 79.39% of the stock is owned by institutional investors.

Regions Financial Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.