Regions Financial Co. (NYSE:RF)‘s stock had its “hold” rating reissued by investment analysts at Royal Bank of Canada in a report released on Wednesday, October 25th. They currently have a $16.00 price objective on the bank’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 5.47% from the stock’s previous close.
A number of other brokerages have also recently commented on RF. FBR & Co reiterated a “hold” rating and set a $16.00 price target on shares of Regions Financial in a research report on Wednesday, October 25th. Robert W. Baird cut shares of Regions Financial from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a report on Monday, October 2nd. Citigroup Inc. restated a “neutral” rating and issued a $16.00 target price (up previously from $15.00) on shares of Regions Financial in a report on Monday, October 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $15.00 price target on shares of Regions Financial in a research note on Tuesday, October 3rd. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Regions Financial in a research note on Monday, July 3rd. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.31.
Regions Financial (NYSE RF) traded down $0.11 during midday trading on Wednesday, hitting $15.17. 11,869,800 shares of the stock traded hands, compared to its average volume of 15,297,376. The company has a market cap of $17,724.36, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. 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 has a 12-month low of $12.00 and a 12-month high of $16.03.
Regions Financial (NYSE:RF) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. Regions Financial had a net margin of 21.80% and a return on equity of 7.45%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm posted $0.24 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. equities analysts forecast that Regions Financial will post 0.99 EPS for the current fiscal year.
In other news, EVP John B. Owen sold 40,000 shares of the business’s stock in a transaction that occurred 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 filing with the SEC, which is accessible through this link. Also, EVP Scott M. Peters sold 25,000 shares of the company’s 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 completion of the transaction, 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 owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. FNY Partners Fund LP bought a new position in Regions Financial in the 1st quarter valued at $103,000. Lloyds Banking Group plc bought a new position in Regions Financial in the 2nd quarter valued at $108,000. Seven Eight Capital LP bought a new position in Regions Financial in the 2nd quarter valued at $111,000. Sun Life Financial INC grew its position in Regions Financial by 98,133.3% in the 2nd 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. Finally, Salem Investment Counselors Inc. grew its position in Regions Financial by 0.3% in the 2nd 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. 77.72% of the stock is currently owned by institutional investors.
Regions Financial Company Profile
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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