Regions Financial (NYSE:RF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Regions Financial (NYSE:RF) from a sell rating to a hold rating in a report released on Sunday morning.

A number of other research firms have also recently issued reports on RF. Keefe, Bruyette & Woods reduced their target price on shares of Regions Financial from $28.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. reduced their target price on shares of Regions Financial from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Morgan Stanley reduced their target price on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, April 7th. Cowen began coverage on shares of Regions Financial in a research note on Wednesday, May 14th. They issued a “buy” rating for the company. Finally, Citigroup reduced their price objective on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.80.

Regions Financial Stock Performance

Shares of RF opened at $21.54 on Friday. The firm’s 50 day moving average is $21.02 and its 200-day moving average is $22.55. The stock has a market capitalization of $19.36 billion, a P/E ratio of 10.36, a P/E/G ratio of 1.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial has a 12-month low of $17.74 and a 12-month high of $27.96.

Regions Financial (NYSE:RF) last released its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Regions Financial had a net margin of 21.43% and a return on equity of 13.04%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm posted $0.37 earnings per share. Equities research analysts anticipate that Regions Financial will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Monday, June 2nd. Regions Financial’s payout ratio is 48.08%.

Institutional Trading of Regions Financial

Several hedge funds and other institutional investors have recently modified their holdings of RF. Prossimo Advisors LLC boosted its stake in shares of Regions Financial by 2.3% in the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank’s stock valued at $453,000 after purchasing an additional 430 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of Regions Financial by 2.3% in the 4th quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank’s stock valued at $456,000 after purchasing an additional 436 shares during the last quarter. IFG Advisory LLC boosted its stake in shares of Regions Financial by 0.9% in the 1st quarter. IFG Advisory LLC now owns 52,531 shares of the bank’s stock valued at $1,142,000 after purchasing an additional 470 shares during the last quarter. Horizon Investments LLC boosted its stake in shares of Regions Financial by 3.9% in the 1st quarter. Horizon Investments LLC now owns 13,369 shares of the bank’s stock valued at $291,000 after purchasing an additional 508 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Regions Financial by 8.7% in the 1st quarter. First Horizon Advisors Inc. now owns 6,641 shares of the bank’s stock valued at $144,000 after purchasing an additional 532 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. 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; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.