Traders Buy High Volume of Regions Financial Call Options (NYSE:RF)

Regions Financial Corporation (NYSE:RF) saw unusually large options trading activity on Wednesday. Stock investors acquired 5,118 call options on the stock. This represents an increase of approximately 96% compared to the typical daily volume of 2,608 call options.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of Regions Financial stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Regions Financial

A number of institutional investors have recently made changes to their positions in RF. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial in the second quarter valued at about $25,000. SouthState Bank Corp grew its stake in Regions Financial by 94.1% during the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock valued at $30,000 after acquiring an additional 538 shares in the last quarter. Spire Wealth Management raised its holdings in Regions Financial by 91.5% in the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock valued at $32,000 after acquiring an additional 557 shares during the last quarter. Princeton Global Asset Management LLC raised its holdings in Regions Financial by 260.4% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock valued at $32,000 after acquiring an additional 854 shares during the last quarter. Finally, Leonteq Securities AG purchased a new position in Regions Financial in the 4th quarter worth approximately $33,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $32.00 target price on shares of Regions Financial in a research report on Tuesday, March 3rd. DA Davidson lifted their price objective on Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. decreased their price objective on Regions Financial from $31.50 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Piper Sandler lowered their target price on Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Finally, Truist Financial reaffirmed a “hold” rating and set a $30.00 target price on shares of Regions Financial in a report on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Regions Financial currently has an average rating of “Hold” and an average price target of $30.47.

Regions Financial Price Performance

Shares of NYSE:RF traded up $0.15 during trading on Wednesday, reaching $28.75. 5,012,889 shares of the company’s stock traded hands, 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. Regions Financial has a fifty-two week low of $21.40 and a fifty-two week high of $31.53. The company has a 50-day simple moving average of $27.61 and a 200-day simple moving average of $27.57. The firm has a market cap of $24.53 billion, a PE 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 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. As a group, analysts predict that Regions Financial will post 2.61 earnings per share for the current year.

Regions Financial Dividend Announcement

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

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.