Odeon Capital Group upgraded shares of Regions Financial (NYSE:RF) from a hold rating to a buy rating in a research note released on Tuesday, Briefing.com reports.
A number of other equities research analysts have also commented on the company. Raymond James decreased their price objective on Regions Financial from $15.00 to $14.00 and set a strong-buy rating for the company in a research report on Monday, July 20th. Bank of America cut their price target on Regions Financial from $14.00 to $13.00 and set a neutral rating for the company in a research note on Friday, July 10th. ValuEngine raised Regions Financial from a sell rating to a hold rating in a research note on Monday, July 20th. SunTrust Banks cut their price target on Regions Financial from $15.00 to $12.00 and set a buy rating for the company in a research note on Monday, July 20th. Finally, Jefferies Financial Group reaffirmed a buy rating and set a $11.00 price target on shares of Regions Financial in a research note on Thursday, May 21st. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $13.17.
NYSE:RF opened at $11.98 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.40. Regions Financial has a 1-year low of $6.94 and a 1-year high of $17.54. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 3.70 and a beta of 1.64. The stock has a fifty day simple moving average of $11.39 and a 200 day simple moving average of $10.84.
Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, July 17th. The bank reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.32). Regions Financial had a return on equity of 5.10% and a net margin of 11.32%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business posted $0.37 earnings per share. Equities analysts predict that Regions Financial will post 0.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 4th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend is Thursday, September 3rd. Regions Financial’s dividend payout ratio (DPR) is currently 40.00%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ increased its position in Regions Financial by 7.2% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 163,940 shares of the bank’s stock valued at $1,471,000 after acquiring an additional 10,974 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Regions Financial by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 8,938,671 shares of the bank’s stock valued at $99,398,000 after buying an additional 496,054 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of Regions Financial by 68.7% in the second quarter. AE Wealth Management LLC now owns 89,416 shares of the bank’s stock worth $994,000 after purchasing an additional 36,409 shares in the last quarter. Comerica Bank boosted its holdings in Regions Financial by 42.8% during the second quarter. Comerica Bank now owns 300,245 shares of the bank’s stock worth $3,242,000 after purchasing an additional 89,987 shares during the last quarter. Finally, Advisor Group Holdings Inc. bought a new position in Regions Financial in the first quarter valued at $1,803,000. Institutional investors and hedge funds own 73.35% of the company’s stock.
About Regions Financial
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.
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