Regions Financial Corp (NYSE:RF) Short Interest Update

Regions Financial Corp (NYSE:RF) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 12,062,020 shares, a decrease of 29.9% from the March 29th total of 17,216,253 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 10,804,992 shares, the short-interest ratio is currently 1.1 days.

In other Regions Financial news, EVP Scott M. Peters sold 30,877 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $15.19, for a total transaction of $469,021.63. Following the completion of the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at $766,882.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO John B. Owen sold 61,756 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $15.25, for a total transaction of $941,779.00. Following the sale, the chief operating officer now directly owns 127,152 shares of the company’s stock, valued at $1,939,068. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 123,510 shares of company stock valued at $1,889,394. 0.28% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Buffington Mohr McNeal bought a new stake in shares of Regions Financial in the 1st quarter worth about $28,000. Lindbrook Capital LLC bought a new stake in shares of Regions Financial in the 4th quarter worth about $27,000. Cresset Asset Management LLC bought a new stake in shares of Regions Financial in the 1st quarter worth about $32,000. Legacy Financial Advisors Inc. bought a new stake in shares of Regions Financial in the 4th quarter worth about $30,000. Finally, Financial Architects Inc bought a new stake in shares of Regions Financial in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 71.80% of the company’s stock.

Shares of NYSE:RF opened at $14.40 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.91 and a quick ratio of 0.90. Regions Financial has a fifty-two week low of $12.39 and a fifty-two week high of $19.99. The firm has a market cap of $14.51 billion, a P/E ratio of 10.59, a P/E/G ratio of 1.05 and a beta of 1.49.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.37 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. Regions Financial had a net margin of 26.38% and a return on equity of 10.76%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business earned $0.35 earnings per share. Regions Financial’s quarterly revenue was up .7% compared to the same quarter last year. Research analysts anticipate that Regions Financial will post 1.57 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.56 annualized dividend and a yield of 3.89%. Regions Financial’s dividend payout ratio (DPR) is currently 41.18%.

RF has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on shares of Regions Financial in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $17.00 price objective for the company. Sandler O’Neill cut shares of Regions Financial from a “buy” rating to a “hold” rating and set a $16.41 price objective for the company. in a research note on Thursday, February 28th. Raymond James reduced their price objective on shares of Regions Financial from $19.50 to $18.00 and set a “strong-buy” rating for the company in a research note on Monday, April 22nd. UBS Group set a $17.00 price objective on shares of Regions Financial and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Wedbush increased their price objective on shares of Regions Financial from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, February 28th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.19.

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About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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