Regions Financial Sees Unusually Large Options Volume (NYSE:RF)

Regions Financial Corporation (NYSE:RF) saw unusually large options trading on Wednesday. Stock traders acquired 5,118 call options on the company. This is an increase of approximately 96% compared to the average volume of 2,608 call options.

Regions Financial Trading Up 0.5%

NYSE RF traded up $0.15 on Wednesday, reaching $28.75. The stock had a trading volume of 5,012,889 shares, compared to its average volume of 13,126,850. 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 stock has a fifty day moving average price of $27.61 and a two-hundred day moving average price of $27.57. Regions Financial has a 12-month low of $21.40 and a 12-month high of $31.53. The firm has a market capitalization of $24.53 billion, a price-to-earnings ratio of 11.99, a P/E/G ratio of 1.11 and a beta of 1.00.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Regions Financial will post 2.61 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a $0.265 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 annualized dividend and a dividend yield of 3.7%. Regions Financial’s dividend payout ratio (DPR) is presently 44.17%.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the firm’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Regions Financial

Large investors have recently added to or reduced their stakes in the business. Darwin Wealth Management LLC purchased a new stake in shares of Regions Financial during the second quarter worth $25,000. SouthState Bank Corp boosted its holdings in Regions Financial by 94.1% in the fourth quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock valued at $30,000 after purchasing an additional 538 shares during the period. Spire Wealth Management grew its stake in Regions Financial by 91.5% during the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock worth $32,000 after purchasing an additional 557 shares in the last quarter. Princeton Global Asset Management LLC grew its stake in Regions Financial by 260.4% during the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after purchasing an additional 854 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in Regions Financial during the 4th quarter worth about $33,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $32.00 price target on shares of Regions Financial in a research note on Tuesday, March 3rd. Royal Bank Of Canada upped their price objective on Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Morgan Stanley cut their target price on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. DA Davidson lifted their target price on Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Brean Capital assumed coverage on Regions Financial in a research note on Thursday, March 12th. They issued a “neutral” rating on the stock. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Regions Financial has an average rating of “Hold” and a consensus target price of $30.47.

About Regions Financial

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.