Regions Financial (NYSE:RF) was upgraded by research analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a note issued to investors on Monday.
Other research analysts have also issued reports about the company. FBR & Co reiterated a “hold” rating and set a $16.00 price target on shares of Regions Financial in a report on Wednesday, October 25th. Barclays upped their price target on Regions Financial from $15.00 to $19.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. Robert W. Baird reiterated a “sell” rating and set a $17.00 price target on shares of Regions Financial in a report on Wednesday, January 3rd. Wedbush upgraded Regions Financial from a “neutral” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Thursday, December 21st. Finally, Goldman Sachs Group upgraded Regions Financial from a “buy” rating to a “conviction-buy” rating in a report on Thursday, November 16th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Regions Financial has a consensus rating of “Hold” and an average price target of $16.80.
Shares of Regions Financial (NYSE:RF) opened at $18.67 on Monday. The stock has a market capitalization of $21,656.66, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 1.07 and a beta of 1.30. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. Regions Financial has a 12-month low of $13.00 and a 12-month high of $18.70.
Regions Financial (NYSE:RF) last announced its earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. equities analysts forecast that Regions Financial will post 1.2 EPS for the current fiscal year.
In related news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value of $255,600.00. Following the completion of the transaction, the director now directly owns 59,436 shares in the company, valued at $1,012,789.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John B. Owen sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total value of $626,800.00. The disclosure for this sale can be found here. Insiders sold 80,000 shares of company stock valued at $1,278,400 over the last 90 days. 0.52% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in RF. Sun Life Financial INC raised its stake in Regions Financial by 98,133.3% during the second quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock worth $129,000 after acquiring an additional 8,832 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in Regions Financial by 0.3% during the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock worth $134,000 after acquiring an additional 26 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Regions Financial during the third quarter worth $150,000. Pax World Management LLC acquired a new position in Regions Financial during the third quarter worth $154,000. Finally, Brightworth acquired a new position in Regions Financial during the third quarter worth $159,000. Hedge funds and other institutional investors own 75.32% of the company’s stock.
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About Regions Financial
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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