Several other equities research analysts have also recently commented on the company. J P Morgan Chase & Co upped their price target on Regions Financial Corporation from $15.50 to $16.00 and gave the stock a neutral rating in a research note on Wednesday, November 1st. Nomura restated a neutral rating and set a $17.00 price target (up previously from $16.00) on shares of Regions Financial Corporation in a research note on Thursday, October 26th. Royal Bank Of Canada restated a hold rating and set a $16.00 price target on shares of Regions Financial Corporation in a research note on Wednesday, October 25th. FBR & Co restated a hold rating and set a $16.00 price target on shares of Regions Financial Corporation in a research note on Wednesday, October 25th. Finally, Citigroup Inc. restated a neutral rating and set a $16.00 price target (up previously from $15.00) on shares of Regions Financial Corporation in a research note on Monday, October 9th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. Regions Financial Corporation currently has a consensus rating of Hold and a consensus price target of $15.31.
Shares of Regions Financial Corporation (RF) traded up $0.10 during midday trading on Thursday, reaching $15.80. The company’s 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. Regions Financial Corporation has a one year low of $12.98 and a one year high of $16.03. The stock has a market capitalization of $18,210.00, a PE ratio of 16.34, a P/E/G ratio of 1.42 and a beta of 1.29.
Regions Financial Corporation (NYSE:RF) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.25. Regions Financial Corporation had a return on equity of 7.56% and a net margin of 20.14%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. equities analysts predict that Regions Financial Corporation will post 0.99 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.28%. The ex-dividend date is Thursday, December 7th. Regions Financial Corporation’s dividend payout ratio (DPR) is 37.89%.
In related news, EVP John B. Owen sold 40,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total transaction of $626,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scott M. Peters sold 25,000 shares of the 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 sale, the executive vice president now directly owns 121,459 shares in the company, valued at approximately $1,923,910.56. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of RF. Lloyds Banking Group plc acquired a new stake in shares of Regions Financial Corporation during the second quarter valued at $108,000. Seven Eight Capital LP acquired a new stake in shares of Regions Financial Corporation during the second quarter valued at $111,000. Sun Life Financial INC boosted its stake in shares of Regions Financial Corporation by 98,133.3% during the second quarter. Sun Life Financial INC now owns 8,841 shares of the bank’s stock valued at $129,000 after acquiring an additional 8,832 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of Regions Financial Corporation by 0.3% during the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after acquiring an additional 26 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Regions Financial Corporation during the second quarter valued at $139,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.
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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