Regions Financial (RF) Now Covered by Argus

Argus started coverage on shares of Regions Financial (NYSE:RF) in a report published on Wednesday morning, Marketbeat reports. The firm issued a buy rating and a $19.00 price objective on the bank’s stock.

Other equities analysts have also issued research reports about the stock. Vining Sparks restated a buy rating and set a $22.00 target price on shares of Regions Financial in a research report on Tuesday, October 9th. Wedbush set a $22.00 target price on shares of Regions Financial and gave the stock a buy rating in a research report on Friday, September 7th. B. Riley set a $20.00 target price on shares of Regions Financial and gave the stock a hold rating in a research report on Monday, October 15th. Raymond James dropped their target price on shares of Regions Financial from $21.00 to $20.00 and set an outperform rating for the company in a research report on Wednesday, October 24th. Finally, JPMorgan Chase & Co. upgraded shares of Regions Financial from a neutral rating to an overweight rating in a research report on Monday, November 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and an average price target of $18.91.

RF opened at $16.45 on Wednesday. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 0.90 and a beta of 1.29. Regions Financial has a 1-year low of $15.42 and a 1-year high of $20.21. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.88 and a quick ratio of 0.88.

Regions Financial (NYSE:RF) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.04). Regions Financial had a return on equity of 10.15% and a net margin of 26.39%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $0.25 EPS. Regions Financial’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts anticipate that Regions Financial will post 1.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.56 annualized dividend and a yield of 3.40%. Regions Financial’s dividend payout ratio (DPR) is currently 56.00%.

Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its position in Regions Financial by 87.3% during the second quarter. Parallel Advisors LLC now owns 6,062 shares of the bank’s stock valued at $107,000 after purchasing an additional 2,825 shares during the last quarter. Rational Advisors LLC lifted its position in Regions Financial by 245.8% during the third quarter. Rational Advisors LLC now owns 6,217 shares of the bank’s stock valued at $114,000 after purchasing an additional 4,419 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Regions Financial during the third quarter valued at $114,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in Regions Financial by 8,481.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,522 shares of the bank’s stock valued at $116,000 after purchasing an additional 6,446 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in Regions Financial during the second quarter valued at $116,000. Institutional investors and hedge funds own 77.95% of the company’s stock.

Regions Financial Company Profile

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

See Also: Book Value Per Share – BVPS

Analyst Recommendations for Regions Financial (NYSE:RF)

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