Regions Financial (NYSE:RF) Stock Rating Upgraded by Stephens

by · The Cerbat Gem

Stephens upgraded shares of Regions Financial (NYSE:RF – Free Report) from an equal weight rating to an overweight rating in a research note issued to investors on Tuesday, Marketbeat.com reports. Stephens currently has $26.00 price objective on the bank’s stock.

Several other research firms also recently weighed in on RF. Citigroup lifted their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Royal Bank of Canada boosted their price objective on shares of Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Wedbush boosted their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Argus raised shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Thursday, October 24th. Finally, Morgan Stanley boosted their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Regions Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.45.

Read Our Latest Stock Report on Regions Financial

Regions Financial Stock Performance

Regions Financial stock opened at $23.56 on Tuesday. The firm’s 50 day simple moving average is $23.09 and its 200-day simple moving average is $21.14. The company has a market cap of $21.56 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 2.52 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial has a fifty-two week low of $14.60 and a fifty-two week high of $24.47.

Regions Financial (NYSE:RF – Get Free Report) last released its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. As a group, equities research analysts predict that Regions Financial will post 2.1 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Monday, December 2nd. Regions Financial’s payout ratio is 56.50%.

Institutional Trading of Regions Financial

Institutional investors and hedge funds have recently modified their holdings of the company. American National Bank & Trust lifted its stake in shares of Regions Financial by 1,856.7% in the third quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after buying an additional 1,114 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Regions Financial in the first quarter worth $26,000. Quarry LP lifted its stake in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after buying an additional 816 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Regions Financial by 530.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after buying an additional 1,256 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Regions Financial in the second quarter worth $32,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

About Regions Financial

(Get Free Report)

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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