Dallas, Texas 02/26/2014 (FINANCIALSTRENDS) – Regions Financial Corporation(NYSE:RF) Director John Roberts has announced his retirement from the board later this year. This is part of the retirement policy at the company, where the mandatory retirement age is fixed at 72 years.
Regions Financial Corporation(NYSE:RF) Roberts steps down as director after nearly a decade and more. He had begun his tenure at RF, following his retirement from Arthur Andersen back in 1998. The policies at RF have always been followed stringently and directors who have passed their 72nd birthday are expected to retire before the annual stockholders meet. Annual meeting are the platform where stockholders elect their new board members. Currently the board has 14 members.
Regions Financial Corporation(NYSE:RF) has been some insiders such as Director Susan W. Matlock sell over 19K shares on the open markets, on Feb 24, 2014. The average share price of the transaction was $10.45, while the value of the transaction was recorded to be $200, 525.05. The current stake Matlock holds in the company is 41,100 shares and valued at $429,495.
Regions Financial Corporation(NYSE:RF) has following the announcement of results been the topic discussion for many analysts. The company has reportedly been considered overweight by the likes of Morgan Stanley, while at Janney Montgomery Scott the coverage at ‘Buy.’ The price of the $12 stock moved upwards from its previous $10.
Regions Financial Corporation(NYSE:RF) has also been rated differently by a host of other analysts. Fro Deutsche Bank, this financial services provider is one of the leading companies, which deserve to be on ‘Buy over their earlier Hold rating. Meanwhile, other research notes have only indicated much higher coverage for their stocks.
The company’s previous results have all been indicative of the likely growth this company is likely to achieve over the next few quarters of this fiscal.