Shares of Regions Financial Co. (NYSE:RF) have been assigned a consensus rating of “Hold” from the twenty-five brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $17.56.
A number of equities analysts have commented on RF shares. Barclays lifted their target price on Regions Financial from $15.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Robert W. Baird restated a “sell” rating and issued a $17.00 target price on shares of Regions Financial in a research note on Wednesday, January 3rd. Piper Jaffray restated a “hold” rating and issued a $17.00 target price on shares of Regions Financial in a research note on Tuesday, January 9th. ValuEngine downgraded Regions Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $18.00 target price on shares of Regions Financial in a research note on Sunday, January 21st.
In other Regions Financial news, EVP Ronald G. Smith sold 92,301 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $19.32, for a total value of $1,783,255.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.84% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Brown Advisory Securities LLC increased its holdings in shares of Regions Financial by 10.1% in the fourth quarter. Brown Advisory Securities LLC now owns 36,573 shares of the bank’s stock valued at $633,000 after buying an additional 3,348 shares in the last quarter. BancorpSouth Bank acquired a new stake in Regions Financial during the 4th quarter valued at $949,000. Toronto Dominion Bank raised its stake in Regions Financial by 10.6% during the 4th quarter. Toronto Dominion Bank now owns 501,735 shares of the bank’s stock valued at $8,669,000 after purchasing an additional 48,117 shares during the period. Teachers Advisors LLC raised its stake in Regions Financial by 14.9% during the 4th quarter. Teachers Advisors LLC now owns 6,716,367 shares of the bank’s stock valued at $116,059,000 after purchasing an additional 870,111 shares during the period. Finally, LPL Financial LLC raised its stake in Regions Financial by 49.6% during the 4th quarter. LPL Financial LLC now owns 136,404 shares of the bank’s stock valued at $2,357,000 after purchasing an additional 45,238 shares during the period. 77.25% of the stock is currently owned by institutional investors.
Regions Financial stock traded up $0.15 during midday trading on Friday, hitting $19.02. The stock had a trading volume of 13,185,631 shares, compared to its average volume of 11,627,350. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.53. The firm has a market cap of $21,171.58, a P/E ratio of 19.11, a P/E/G ratio of 1.04 and a beta of 1.26. Regions Financial has a 12 month low of $13.02 and a 12 month high of $20.21.
Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, April 20th. The bank reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.44 billion. Regions Financial had a return on equity of 8.75% and a net margin of 22.06%. During the same period in the previous year, the company earned $0.23 earnings per share. equities research analysts anticipate that Regions Financial will post 1.36 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 8th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.89%. Regions Financial’s dividend payout ratio (DPR) is 36.00%.
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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.
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