The CFO of Regions Financial (NYSE: RF) is Selling Shares

By Carrie Williams

Today, the CFO of Regions Financial (NYSE: RF), David J. Turner, sold shares of RF for $896.4K.

Following David J. Turner’s last RF Sell transaction on August 08, 2017, the stock climbed by 4.6%. In addition to David J. Turner, 4 other RF executives reported Sell trades in the last month.

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Based on Regions Financial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.55 billion and quarterly net profit of $414 million. In comparison, last year the company earned revenue of $1.48 billion and had a net profit of $301 million. RF’s market cap is $21.71B and the company has a P/E ratio of 17.26. Currently, Regions Financial has an average volume of 9.8M.

Six different firms, including Barclays and Bernstein, currently also have a Sell rating on the stock. Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $20.64, reflecting a -6.4% downside.

The insider sentiment on Regions Financial has been negative according to 145 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

David J. Turner’s trades have generated a -8.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing.