We wouldn’t blame Regions Financial Corporation (NYSE:RF) shareholders if they were a little worried about the fact that John Owen, the COO & Senior EVP recently netted about US$585k selling shares at an average price of US$14.63. That’s a big dump, and it decreased their holding size by 31.5%, which is notable but not too bad.
The Last 12 Months Of Insider Transactions At Regions Financial
The Senior EVP, Fournier Gale, made the biggest insider sale in the last 12 months. That single transaction was for US$1.5m worth of shares at a price of US$15.40 each. So what is clear is that an insider saw fit to sell at around the current price of US$14.27. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn’t a major concern, though it’s hardly a good sign.
We note that in the last year insiders divested 267k shares for a total of US$4.1m. In the last year Regions Financial insiders didn’t buy any company stock. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Does Regions Financial Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Regions Financial insiders own about US$51m worth of shares. That equates to 0.4% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Regions Financial Insiders?
Insiders sold Regions Financial shares recently, but they didn’t buy any. And even if we look to the last year, we didn’t see any purchases. On the plus side, Regions Financial makes money, and is growing profits. While insiders do own shares, they don’t own a heap, and they have been selling. So we’d only buy after careful consideration. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Regions Financial.
But note: Regions Financial may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.