Regions Financial Corporation (RF) Stock Rating Upgraded by The Goldman Sachs Group, Inc.

Regions Financial Corporation (NYSE:RF) was upgraded by The Goldman Sachs Group, Inc. from a “buy” rating to a “conviction-buy” rating in a research note issued on Thursday.

A number of other research firms have also issued reports on RF. BidaskClub lowered Regions Financial Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Vining Sparks raised Regions Financial Corporation from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, July 26th. Robert W. Baird lowered Regions Financial Corporation from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a report on Monday, October 2nd. FBR & Co reaffirmed a “hold” rating and issued a $16.00 target price on shares of Regions Financial Corporation in a report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $15.50 target price on shares of Regions Financial Corporation in a report on Friday, September 15th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.31.

Shares of Regions Financial Corporation (RF) traded up $0.10 during midday trading on Thursday, hitting $15.80. The stock had a trading volume of 10,229,209 shares, compared to its average volume of 15,269,019. 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 firm has a market cap of $18,210.00, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.42 and a beta of 1.29. Regions Financial Corporation has a fifty-two week low of $12.98 and a fifty-two week high of $16.03.

Regions Financial Corporation (NYSE:RF) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. Regions Financial Corporation had a return on equity of 7.56% and a net margin of 20.14%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. analysts predict that Regions Financial Corporation will post 0.99 earnings per share for the current year.

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In other news, EVP John B. Owen sold 40,000 shares of Regions Financial Corporation stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total value of $626,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott M. Peters sold 25,000 shares of Regions Financial Corporation stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $15.84, for a total value of $396,000.00. Following the completion of the sale, the executive vice president now directly owns 121,459 shares of the company’s stock, valued at $1,923,910.56. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Regions Financial Corporation by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 134,473,976 shares of the bank’s stock valued at $1,968,699,000 after buying an additional 1,742,890 shares during the period. Boston Partners increased its stake in shares of Regions Financial Corporation by 3.7% in the 3rd quarter. Boston Partners now owns 33,692,511 shares of the bank’s stock valued at $513,137,000 after buying an additional 1,191,474 shares during the period. LSV Asset Management grew its stake in shares of Regions Financial Corporation by 1.1% during the second quarter. LSV Asset Management now owns 27,572,058 shares of the bank’s stock worth $403,654,000 after purchasing an additional 295,476 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Regions Financial Corporation by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 14,430,899 shares of the bank’s stock worth $219,767,000 after purchasing an additional 382,430 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Regions Financial Corporation by 8,065.3% during the second 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 period. 77.53% of the stock is owned by institutional investors.

About Regions Financial Corporation

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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