Regions Financial’s (RF) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Regions Financial (NYSE:RF) in a report published on Wednesday morning, Marketbeat Ratings reports. Cantor Fitzgerald currently has a $32.00 target price on the bank’s stock.

A number of other equities research analysts also recently weighed in on the company. Capital One Financial set a $33.00 target price on Regions Financial in a report on Monday. TD Cowen assumed coverage on Regions Financial in a research note on Thursday, October 8th. They issued a “hold” rating and a $30.00 price target on the stock. UBS Group cut their price target on Regions Financial from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Brean Capital raised shares of Regions Financial from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Monday, October 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Regions Financial from $32.00 to $30.50 and set a “neutral” rating for the company in a research report on Friday, October 2nd. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.12.

Regions Financial Stock Performance

RF stock opened at $28.47 on Wednesday. The stock has a 50-day moving average price of $28.76 and a 200-day moving average price of $29.04. Regions Financial has a 1-year low of $23.59 and a 1-year high of $32.47. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. The firm has a market cap of $24.26 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.15 and a beta of 1.05.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, October 16th. The bank reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. Regions Financial had a return on equity of 13.43% and a net margin of 23.97%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the business earned $0.63 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts expect that Regions Financial will post 2.70 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, December 1st. This represents a $1.20 annualized dividend and a dividend yield of 4.2%. Regions Financial’s dividend payout ratio is currently 47.06%.

Hedge Funds Weigh In On Regions Financial

A number of institutional investors and hedge funds have recently made changes to their positions in RF. WPG Advisers LLC increased its position in Regions Financial by 83.5% in the 2nd quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock valued at $25,000 after buying an additional 370 shares in the last quarter. Keating Financial Advisory Services Inc. acquired a new position in Regions Financial during the 2nd quarter worth approximately $25,000. Trust Co. of Vermont acquired a new position in Regions Financial during the 2nd quarter worth approximately $26,000. Gables Capital Management Inc. acquired a new position in Regions Financial during the 2nd quarter worth approximately $30,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in Regions Financial during the 2nd quarter worth approximately $36,000. Institutional investors own 79.39% of the company’s stock.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, institutions and governments.

Regions Bank offers checking and savings accounts, consumer and commercial loans, credit products, mortgages, treasury and cash-management services, investment and wealth-management solutions, and insurance-related services.