Regions Financial Corporation (NYSE:RF) had its price objective upped by J P Morgan Chase & Co from $15.50 to $16.00 in a research note published on Wednesday morning. They currently have a neutral rating on the bank’s stock.
Several other analysts have also weighed in on the stock. Keefe, Bruyette & Woods reiterated a hold rating and set a $15.50 target price on shares of Regions Financial Corporation in a research note on Friday, September 15th. Citigroup Inc reissued a neutral rating and issued a $16.00 price target (up from $15.00) on shares of Regions Financial Corporation in a report on Monday, October 9th. BidaskClub downgraded shares of Regions Financial Corporation from a hold rating to a sell rating in a report on Tuesday, July 25th. FBR & Co downgraded shares of Regions Financial Corporation from a buy rating to a neutral rating and set a $16.00 price target for the company. in a report on Tuesday, October 10th. Finally, Robert W. Baird downgraded Regions Financial Corporation from a neutral rating to an underperform rating and set a $13.00 price objective on the stock. in a report on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Regions Financial Corporation has a consensus rating of Hold and an average target price of $15.14.
Shares of Regions Financial Corporation (RF) opened at $15.81 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market capitalization of $18.30 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 1.42 and a beta of 1.29.
Regions Financial Corporation (NYSE:RF) last released its earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. Regions Financial Corporation had a net margin of 20.14% and a return on equity of 7.56%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. research analysts expect that Regions Financial Corporation will post 0.99 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be given a $0.09 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.36 annualized dividend and a dividend yield of 2.28%. Regions Financial Corporation’s dividend payout ratio is 37.50%.
In other Regions Financial Corporation news, CFO David J. Turner, Jr. sold 65,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $14.95, for a total transaction of $971,750.00. Following the completion of the transaction, the chief financial officer now directly owns 121,160 shares in the company, valued at $1,811,342. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott M. Peters sold 25,000 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $15.84, for a total value of $396,000.00. Following the transaction, the executive vice president now owns 121,459 shares of the company’s stock, valued at $1,923,910.56. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in RF. Boston Partners increased its position in shares of Regions Financial Corporation by 506.1% during the 2nd quarter. Boston Partners now owns 32,501,037 shares of the bank’s stock worth $475,815,000 after purchasing an additional 27,138,273 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Regions Financial Corporation by 8,065.3% during the 2nd quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock worth $191,306,000 after purchasing an additional 12,907,276 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its position in shares of Regions Financial Corporation by 257.2% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock worth $145,268,000 after purchasing an additional 6,868,243 shares during the last quarter. Samlyn Capital LLC increased its position in shares of Regions Financial Corporation by 63.0% during the 2nd quarter. Samlyn Capital LLC now owns 9,074,895 shares of the bank’s stock worth $132,856,000 after purchasing an additional 3,506,995 shares during the last quarter. Finally, Shapiro Capital Management LLC acquired a new position in shares of Regions Financial Corporation during the 2nd quarter worth approximately $47,308,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.
Regions Financial Corporation 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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