Regions Financial Corporation (NYSE:RF) has earned a consensus recommendation of “Hold” from the twenty-four ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $16.63.
Several research analysts have issued reports on the stock. Royal Bank of Canada restated a “hold” rating and set a $16.00 price target on shares of Regions Financial in a report on Wednesday, October 25th. Piper Jaffray Companies restated a “hold” rating and set a $14.50 price target on shares of Regions Financial in a report on Tuesday, September 19th. SunTrust Banks restated a “buy” rating and set a $19.00 price target on shares of Regions Financial in a report on Wednesday, November 29th. UBS Group upgraded shares of Regions Financial from a “sell” rating to a “neutral” rating and raised their price target for the stock from $15.00 to $18.00 in a report on Tuesday, December 12th. Finally, Nomura restated a “neutral” rating and set a $17.00 price target (up previously from $16.00) on shares of Regions Financial in a report on Thursday, October 26th.
In other news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of Regions Financial stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total value of $255,600.00. Following the completion of the sale, the director now owns 59,436 shares in the company, valued at approximately $1,012,789.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John B. Owen sold 40,000 shares of Regions Financial stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total transaction of $626,800.00. The disclosure for this sale can be found here. Insiders sold a total of 80,000 shares of company stock valued at $1,278,400 in the last quarter. 0.52% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. grew its position in Regions Financial by 0.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after purchasing an additional 26 shares during the period. Sentry Investment Management LLC grew its position in Regions Financial by 0.7% in the 2nd quarter. Sentry Investment Management LLC now owns 53,166 shares of the bank’s stock valued at $778,000 after purchasing an additional 345 shares during the period. Moors & Cabot Inc. grew its position in Regions Financial by 1.8% in the 2nd quarter. Moors & Cabot Inc. now owns 38,785 shares of the bank’s stock valued at $567,000 after purchasing an additional 702 shares during the period. Woodmont Investment Counsel LLC grew its position in Regions Financial by 8.3% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 11,724 shares of the bank’s stock valued at $172,000 after purchasing an additional 894 shares during the period. Finally, Thrivent Financial For Lutherans grew its position in Regions Financial by 3.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 45,537 shares of the bank’s stock valued at $667,000 after purchasing an additional 1,310 shares during the period. Institutional investors own 75.25% of the company’s stock.
Shares of Regions Financial (RF) traded up $0.08 during midday trading on Wednesday, reaching $18.28. 7,082,500 shares of the company were exchanged, compared to its average volume of 10,410,000. The company has a market cap of $21,200.00, a price-to-earnings ratio of 19.24, a PEG ratio of 1.06 and a beta of 1.30. Regions Financial has a 1-year low of $13.00 and a 1-year high of $18.37. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39.
Regions Financial (NYSE:RF) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a net margin of 20.14% and a return on equity of 7.56%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the business earned $0.24 EPS. analysts predict that Regions Financial will post 0.99 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.36 annualized dividend and a dividend yield of 1.97%. Regions Financial’s dividend payout ratio is currently 37.89%.
Regions Financial Company Profile
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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