In yesterday’s Wall Street session, Regions Financial Corp. (NYSE:RF) shares traded at $14.22, up 1.50% from the previous session.
RF stock price is now -17.13% away from the 50-day moving average and -25.16% away from the 200-day moving average. The market capitalization of the company currently stands at $13.34B.
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With the price target reduced from $19 to $16.50, JP Morgan Downgraded its rating from Overweight to Neutral for Regions Financial Corp. (NYSE: RF).
In other news, Smith Ronald G., SEVP sold 10,000 shares of the company’s stock on Aug 07. The stock was sold for $209,300 at an average price of $20.93. Upon completion of the transaction, the SEVP now directly owns 281,151 shares in the company, valued at $4.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17, Director Hill J Thomas bought 11,926 shares of the business’s stock. A total of $200,134 was incurred on buying the stock at an average price of $16.78. This leaves the insider owning 23,107 shares of the company worth $0.33 million. Insiders disposed of 625,468 shares of company stock worth roughly $8.89 million over the past 1 year. A total of 0.28% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RF stock. A new stake in Regions Financial Corp. shares was purchased by EPOCH INVESTMENT PARTNERS, INC. during the first quarter worth $45,329,000. HOLOCENE ADVISORS, LP invested $42,554,000 in shares of RF during the first quarter. In the first quarter, WALLEYE CAPITAL LLC acquired a new stake in Regions Financial Corp. valued at approximately $15,400,000. MARSHALL WACE, LLP acquired a new stake in RF for approximately $6,352,000. POINT72 EUROPE (LONDON) LLP purchased a new stake in RF valued at around $5,997,000 in the second quarter.
Monday morning saw Regions Financial Corp. (NYSE: RF) opened at $14.19. During the past 12 months, Regions Financial Corp. has had a low of $13.72 and a high of $24.33. The fifty day moving average price for RF is $17.05 and a two-hundred day moving average price translates $18.96 for the stock.
The latest earnings results from Regions Financial Corp. (NYSE: RF) was released for Sep, 2021. According to the Banks – Regional Company, earnings per share came in at $0.49, missing analysts’ expectations of $0.58 by -0.09. This compares to $0.59 EPS in the same period last year. The net profit margin was 25.31% and return on equity was 15.14% for RF. The company reported revenue of $1.74 billion for the quarter, compared to $1.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 50.56 percent. For the current quarter, analysts expect RF to generate $1.85B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/02/2024. Investors who held shares on 12/08/2023 were paid a $0.24 dividend. On an annualized basis, this represents a $0.87 dividend and a 6.11% percent yield. There was an ex-dividend date of 12/07/2023 for this dividend. In terms of dividend payout ratio, RF is presently at 32.48%.
