Regions Financial (RF) Rating Reiterated by Piper Jaffray Companies

Regions Financial (NYSE:RF)‘s stock had its “hold” rating reiterated by Piper Jaffray Companies in a research note issued to investors on Tuesday. They presently have a $17.00 price target on the bank’s stock. Piper Jaffray Companies’ price target would indicate a potential downside of 2.69% from the stock’s previous close.

Several other brokerages have also weighed in on RF. Barclays increased their price objective on shares of Regions Financial from $15.00 to $19.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. Robert W. Baird lowered shares of Regions Financial 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. FBR & Co reiterated a “hold” rating and set a $16.00 price objective on shares of Regions Financial in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $15.50 price objective on shares of Regions Financial in a report on Friday, September 15th. Finally, SunTrust Banks reiterated a “buy” rating and set a $19.00 price objective on shares of Regions Financial in a report on Wednesday, November 29th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $16.65.

Regions Financial (NYSE RF) opened at $17.47 on Tuesday. The firm has a market cap of $20,260.00, a PE ratio of 18.39, a PEG ratio of 1.23 and a beta of 1.30. Regions Financial has a 1-year low of $13.00 and a 1-year high of $17.73. 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 announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ 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 had a net margin of 20.14% and a return on equity of 7.56%. The company’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. research analysts anticipate that Regions Financial will post 0.99 earnings per share for the current year.

In other Regions Financial news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 59,436 shares of the company’s stock, valued at $1,012,789.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John B. Owen sold 40,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total transaction of $626,800.00. The disclosure for this sale can be found here. Insiders sold 80,000 shares of company stock worth $1,278,400 in the last 90 days. 0.52% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of RF. Janus Henderson Group PLC grew its position in Regions Financial by 8,065.3% in the second quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock valued at $191,306,000 after acquiring an additional 12,907,276 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its position in Regions Financial by 257.2% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock valued at $145,268,000 after acquiring an additional 6,868,243 shares in the last quarter. Samlyn Capital LLC grew its position in Regions Financial by 63.0% in the second quarter. Samlyn Capital LLC now owns 9,074,895 shares of the bank’s stock valued at $132,856,000 after acquiring an additional 3,506,995 shares in the last quarter. Shapiro Capital Management LLC acquired a new stake in Regions Financial in the second quarter valued at approximately $47,308,000. Finally, Parametric Portfolio Associates LLC grew its position in Regions Financial by 66.2% in the second quarter. Parametric Portfolio Associates LLC now owns 6,319,165 shares of the bank’s stock valued at $92,513,000 after acquiring an additional 2,517,411 shares in the last quarter. 75.25% of the stock is owned by institutional investors.

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About Regions Financial

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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