Regions Financial (RF) Rating Reiterated by Robert W. Baird

Regions Financial (NYSE:RF)‘s stock had its “sell” rating reaffirmed by investment analysts at Robert W. Baird in a research report issued on Wednesday. They presently have a $17.00 price objective on the bank’s stock. Robert W. Baird’s target price would suggest a potential downside of 2.75% from the company’s current price.

RF has been the subject of a number of other research reports. Nomura reiterated a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of Regions Financial in a research note on Thursday, October 26th. Citigroup restated a “neutral” rating and set a $16.00 price objective (up previously from $15.00) on shares of Regions Financial in a research report on Monday, October 9th. Wedbush upgraded Regions Financial from a “neutral” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Thursday, December 21st. JPMorgan Chase & Co. raised their price objective on Regions Financial from $15.50 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies restated a “hold” rating and set a $14.50 price objective on shares of Regions Financial in a research report on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.53.

Shares of Regions Financial (RF) traded down $0.06 during trading on Wednesday, reaching $17.48. The company had a trading volume of 6,550,835 shares, compared to its average volume of 9,539,566. Regions Financial has a one year low of $13.00 and a one year high of $17.73. The company has a market cap of $20,200.00, a PE ratio of 18.40, a P/E/G ratio of 1.23 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39.

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

In related news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total value of $255,600.00. Following the completion of the transaction, the director now owns 59,436 shares of the company’s stock, valued at approximately $1,012,789.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott M. Peters sold 25,000 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $15.84, for a total transaction of $396,000.00. Following the completion of the transaction, the executive vice president now directly owns 121,459 shares of the company’s stock, valued at approximately $1,923,910.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,000 shares of company stock valued at $1,278,400. 0.52% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in RF. BB&T Securities LLC bought a new stake in Regions Financial in the second quarter worth about $177,000. Pacer Advisors Inc. raised its stake in shares of Regions Financial by 8.3% during the second quarter. Pacer Advisors Inc. now owns 25,243 shares of the bank’s stock valued at $370,000 after acquiring an additional 1,939 shares in the last quarter. Meiji Yasuda Life Insurance Co bought a new stake in shares of Regions Financial during the second quarter valued at approximately $371,000. Calamos Advisors LLC raised its stake in shares of Regions Financial by 29.0% during the second quarter. Calamos Advisors LLC now owns 263,718 shares of the bank’s stock valued at $3,861,000 after acquiring an additional 59,327 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of Regions Financial by 1.1% during the second quarter. LSV Asset Management now owns 27,572,058 shares of the bank’s stock valued at $403,654,000 after acquiring an additional 295,476 shares in the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

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Regions Financial 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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