Regions Financial Corporation (NYSE:RF) plans to expand its Commercial Real Estate operations in Texas


Dallas, Texas 07/31/2013 (Financialstrend) – Regions Financial Corporation (NYSE:RF) planned to expand its Commercial Real Estate operations in Texas, as part of this plan the company hired experienced bankers namely Buddy Billingsley, Richard Gross and Wendel Pardue from Wells Fargo joined Regions Financial Corporation, Pardue will be Texas’s commercial real estate market manager who will be managing and take care of service specialists across the state and commercial real estate relationship managers. Billingsley will be in charge of business development in, San Antonio, Austin and surrounding markets. Gross and Pardue will be responsible for clients and projects in the Dallas. Rusty Campbell, Real Estate Banking Executive commented “Buddy Billingsley, Richard Gross and Wendel Pardue have very good knowledge about Texas real estate market and well experienced in clients in a variety of situations, the expansion of our firm to Texas will help us to have continued and diversified growth as teas is an  important growth market for our company.

Last week Regions Financial Corporation announced their financial result for second quarter where their earnings decline by 9%, revenue also had a fall from $ 1.35 billion of second quarter 2012 to $ 1.31 billion second quarter 2013 and reported net income of $259 million or 18 cents per share where the estimation of analyst were 21 cents per share.

Regions Financial Corporation (NYSE:RF) had closed for the day on Tuesday with $10.04 per share with a bearish behavior of 0.20% over the previous day’s closing price. The intraday movements of the stock were between low values of $9.99 to a high value of $10.19 per share. The yearly stock price variations are between the lower values of $6.18 to a higher value of $10.52 per share. The shares held by the investors and the company insider’s account to 1.40 billion with an institutional ownership of 75%. The total stock value of the company in the stock market is $14.01 billion. The trading trend of the company for its latest trading day was 17.28 million shares compared to the average trading volume over the month of 18.33 million shares.