Economy

Regions Financial Corp (RF) EVP William D. Ritter Sells 39258 Shares

Regions Financial Corp (RF) EVP William D. Ritter Sells 39258 Shares

Regions Financial Corp has a 12-month low of $7.80 and a 12-month high of $16.03.

A number of other hedge funds and other institutional investors have also modified their holdings of RF. Dupont Cap Management accumulated 1.63M shares or 0.8% of the stock. Homrich & Berg boosted its position in Regions Financial Corp by 4.4% in the third quarter. However, they have climbed 8.59% year-to-date through Friday and 72.9% in the last 12 months. Tortoise Investment Management LLC raised its stake in shares of Bank of America Corp by 27.0% in the fourth quarter. Integrated Investment Consultants LLC now owns 4,368 shares of the financial services provider's stock valued at $103,000 after buying an additional 500 shares in the last quarter. Savant Capital LLC increased its position in shares of Regions Financial Corp by 7.4% in the third quarter. Finally, Suffolk Capital Management LLC raised its stake in Regions Financial Corp by 1.0% in the third quarter.

Shares of Bank of America Corp (NYSE:BAC) opened at 24.00 on Monday. 13,168,348 shares of the company traded hands. The company has a 50-day moving average of $14.10 and a 200-day moving average of $14.00. While for the next 5 years, the growth estimate is 10.49%.

01/17/2017 - Bank of America Corporation had its "outperform" rating reiterated by analysts at FBR Capital Markets.

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Thrivent Financial For Lutherans increased Bank Of America Corp (BAC) stake by 107.13% reported in 2016Q4 SEC filing. For the current quarter the company has high EPS estimates of $0.52 in contradiction of low EPS estimates of $0.43. Charter Financial Corp had a net margin of 17.48% and a return on equity of 6.10%. During the same quarter in the previous year, the company posted $0.20 EPS. The company has a market cap of $252.39 billion, a P/E ratio of 14.77 and a beta of 1.47. Equities research analysts expect that Bank of America Corp will post $1.83 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 2nd will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Wednesday, June 7th. During the same period in the previous year, the business earned $0.28 EPS. Ubs Asset Americas has invested 0% of its portfolio in Heritage Financial Corp (NASDAQ:HFWA).

WARNING: "Affinity Investment Advisors LLC Sells 1,490 Shares of Regions Financial Corp (RF)" was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of USA & worldwide copyright & trademark laws. Blackrock Investment Mngmt holds 0% of its portfolio in Heritage Financial Corp (NASDAQ:HFWA) for 128,171 shares.

RF has been the subject of several recent research reports. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". Finally, Stephens cut Regions Financial Corp from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 1st. SunTrust Banks, Inc. raised Regions Financial Corp from a "hold" rating to a "buy" rating in a research note on Thursday, February 16th.

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Bank of America Corporation (BAC) stock price distance from twenty day simple moving average surged at 2.23% while its distance from fifty day simple moving average raised 0.71% along with 18.69% above distance from two hundred simple moving averages.

In other Bank of America Corp news, Director Thomas D. Woods bought 25,000 shares of Bank of America Corp stock in a transaction on Thursday, April 27th. Bank of America Corporation was covered by a number of analysts recently, 9 rated the stock as Buy, 15 rated Outperform, 8 rated Hold, 0 gave an Underperform and 1 rated sell. Also, EVP C. Keith Herron sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, May 4th. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. The institutional investor owned 78,254 shares of the financial services provider's stock after selling 76,056 shares during the period. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The stock was sold at an average price of $15.60, for a total value of $234,000.00. The share price is now up 3.13% for the past three months. The disclosure for this sale can be found here. The stock has actually weakened in the past week, as the company has gathered a -17.41% return in the past 5 trading days.

Regions Financial Corporation (RF) belongs to the "Financial" sector with an industry focus on "Regional - Southeast Banks", with Mr. O. B. Grayson Hall Jr.as Chairman, Chief Exec. Officer, Pres, Chairman of Regions Bank, Chief Exec. Officer of Regions Bank and Pres of Regions Bank.

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