Regions Financial Corporation (RF) Stock Rating Reaffirmed by Citigroup Inc.

Regions Financial Corporation (NYSE:RF)‘s stock had its “neutral” rating reiterated by Citigroup Inc. in a research report issued to clients and investors on Monday. They currently have a $16.00 price target on the bank’s stock, up from their previous price target of $15.00. Citigroup Inc.’s target price would indicate a potential upside of 6.60% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Jefferies Group LLC restated a “hold” rating and set a $16.00 price target on shares of Regions Financial Corporation in a report on Friday, August 11th. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price target on shares of Regions Financial Corporation in a report on Tuesday, October 3rd. Piper Jaffray Companies restated a “hold” rating and set a $14.50 price target on shares of Regions Financial Corporation in a report on Thursday, August 17th. Wells Fargo & Company began coverage on Regions Financial Corporation in a report on Wednesday, August 9th. They set a “market perform” rating and a $16.00 price target for the company. Finally, Robert W. Baird cut Regions Financial Corporation from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a report on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.05.

Regions Financial Corporation (NYSE:RF) traded down 1.31% during midday trading on Monday, hitting $15.01. The stock had a trading volume of 9,380,671 shares. The firm has a 50 day moving average of $14.30 and a 200 day moving average of $14.27. The firm has a market cap of $17.94 billion, a price-to-earnings ratio of 15.68 and a beta of 1.34. Regions Financial Corporation has a 52 week low of $9.78 and a 52 week high of $16.03.

Regions Financial Corporation (NYSE:RF) last released its earnings results on Friday, July 21st. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Regions Financial Corporation had a return on equity of 7.51% and a net margin of 20.25%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the business posted $0.20 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. Equities research analysts predict that Regions Financial Corporation will post $1.00 EPS for the current year.

Regions Financial Corporation announced that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that allows the company to buyback $1.47 billion in shares. This buyback authorization allows the bank to repurchase up to 8.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: This piece was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://ledgergazette.com/2017/10/09/regions-financial-corporation-rf-price-target-raised-to-16-00.html.

In related news, Director Susan W. Matlock sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $15.23, for a total transaction of $152,300.00. Following the completion of the sale, the director now directly owns 32,188 shares of the company’s stock, valued at approximately $490,223.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Turner, Jr. sold 65,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $14.95, for a total value of $971,750.00. Following the sale, the chief financial officer now directly owns 121,160 shares of the company’s stock, valued at $1,811,342. The disclosure for this sale can be found here. Insiders have sold a total of 124,514 shares of company stock valued at $1,846,733 over the last three months. 0.52% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of RF. BlackRock Inc. lifted its stake in shares of Regions Financial Corporation by 3,130.8% during the 1st quarter. BlackRock Inc. now owns 92,466,983 shares of the bank’s stock worth $1,343,545,000 after acquiring an additional 89,604,919 shares during the last quarter. Boston Partners lifted its stake 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 acquiring an additional 27,138,273 shares during the last quarter. Janus Henderson Group PLC lifted its stake 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 acquiring an additional 12,907,276 shares during the last quarter. Janus Capital Management LLC raised its position in Regions Financial Corporation by 733.1% during the 1st quarter. Janus Capital Management LLC now owns 10,068,523 shares of the bank’s stock valued at $146,296,000 after purchasing an additional 8,859,912 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Regions Financial Corporation during the 1st quarter valued at $56,133,000. 75.53% of the stock is owned by hedge funds and other institutional investors.

About Regions Financial Corporation

Regions Financial Corporation

Other equities analysts have also recently issued research reports about the company. Jefferies Group LLC restated a “hold” rating and set a $16.00 price target on shares of Regions Financial Corporation in a report on Friday, August 11th. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price target on shares of Regions Financial Corporation in a report on Tuesday, October 3rd. Piper Jaffray Companies restated a “hold” rating and set a $14.50 price target on shares of Regions Financial Corporation in a report on Thursday, August 17th. Wells Fargo & Company began coverage on Regions Financial Corporation in a report on Wednesday, August 9th. They set a “market perform” rating and a $16.00 price target for the company. Finally, Robert W. Baird cut Regions Financial Corporation from a “neutral” rating to an “underperform” rating and set a $13.00 price target for the company. in a report on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.05.

Regions Financial Corporation (NYSE:RF) traded down 1.31% during midday trading on Monday, hitting $15.01. The stock had a trading volume of 9,380,671 shares. The firm has a 50 day moving average of $14.30 and a 200 day moving average of $14.27. The firm has a market cap of $17.94 billion, a price-to-earnings ratio of 15.68 and a beta of 1.34. Regions Financial Corporation has a 52 week low of $9.78 and a 52 week high of $16.03.

Regions Financial Corporation (NYSE:RF) last released its earnings results on Friday, July 21st. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Regions Financial Corporation had a return on equity of 7.51% and a net margin of 20.25%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the business posted $0.20 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. Equities research analysts predict that Regions Financial Corporation will post $1.00 EPS for the current year.

Regions Financial Corporation announced that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that allows the company to buyback $1.47 billion in shares. This buyback authorization allows the bank to repurchase up to 8.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: This piece was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://ledgergazette.com/2017/10/09/regions-financial-corporation-rf-price-target-raised-to-16-00.html.

In related news, Director Susan W. Matlock sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $15.23, for a total transaction of $152,300.00. Following the completion of the sale, the director now directly owns 32,188 shares of the company’s stock, valued at approximately $490,223.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Turner, Jr. sold 65,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $14.95, for a total value of $971,750.00. Following the sale, the chief financial officer now directly owns 121,160 shares of the company’s stock, valued at $1,811,342. The disclosure for this sale can be found here. Insiders have sold a total of 124,514 shares of company stock valued at $1,846,733 over the last three months. 0.52% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of RF. BlackRock Inc. lifted its stake in shares of Regions Financial Corporation by 3,130.8% during the 1st quarter. BlackRock Inc. now owns 92,466,983 shares of the bank’s stock worth $1,343,545,000 after acquiring an additional 89,604,919 shares during the last quarter. Boston Partners lifted its stake 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 acquiring an additional 27,138,273 shares during the last quarter. Janus Henderson Group PLC lifted its stake 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 acquiring an additional 12,907,276 shares during the last quarter. Janus Capital Management LLC raised its position in Regions Financial Corporation by 733.1% during the 1st quarter. Janus Capital Management LLC now owns 10,068,523 shares of the bank’s stock valued at $146,296,000 after purchasing an additional 8,859,912 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Regions Financial Corporation during the 1st quarter valued at $56,133,000. 75.53% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for Regions Financial Corporation (NYSE:RF)

Receive News & Ratings for Regions Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply