Piper Jaffray Companies restated their hold rating on shares of Regions Financial (NYSE:RF) in a research note issued to investors on Tuesday. The firm currently has a $17.00 price target on the bank’s stock.
Other analysts have also recently issued research reports about the stock. Goldman Sachs Group upgraded shares of Regions Financial from a buy rating to a conviction-buy rating in a research note on Thursday, November 16th. Keefe, Bruyette & Woods restated a hold rating and set a $15.50 target price on shares of Regions Financial in a research report on Friday, September 15th. JPMorgan Chase & Co. lifted their target price on shares of Regions Financial from $15.50 to $16.00 and gave the stock a neutral rating in a research report on Wednesday, November 1st. Citigroup reiterated a neutral rating and set a $16.00 price target (up from $15.00) on shares of Regions Financial in a report on Monday, October 9th. Finally, SunTrust Banks reiterated a buy rating and set a $19.00 price target on shares of Regions Financial in a report on Wednesday, November 29th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $16.65.
Shares of Regions Financial (NYSE:RF) traded up $0.08 on Tuesday, hitting $18.28. 7,141,649 shares of the stock were exchanged, compared to its average volume of 8,942,322. Regions Financial has a fifty-two week low of $13.00 and a fifty-two week high of $18.37. The firm has a market cap of $21,200.00, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.84.
Regions Financial (NYSE:RF) last posted its earnings results on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. Regions Financial had a net margin of 20.14% and a return on equity of 7.56%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm posted $0.24 EPS. The company’s revenue was down 1.3% on a year-over-year basis. equities research analysts expect that Regions Financial will post 0.99 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were given a $0.09 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.36 annualized dividend and a yield of 1.97%. Regions Financial’s dividend payout ratio (DPR) is currently 37.89%.
In related news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of Regions Financial stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value of $255,600.00. Following the completion of the sale, the director now directly owns 59,436 shares in the company, valued at $1,012,789.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Scott M. Peters sold 25,000 shares of Regions Financial stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $15.84, for a total value of $396,000.00. Following the completion of the sale, the executive vice president now owns 121,459 shares of the company’s stock, valued at $1,923,910.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,000 shares of company stock valued at $1,278,400. Company insiders own 0.52% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. lifted its holdings in shares of Regions Financial by 0.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after purchasing an additional 26 shares in the last quarter. Sentry Investment Management LLC lifted its holdings in shares of Regions Financial by 0.7% during the 2nd quarter. Sentry Investment Management LLC now owns 53,166 shares of the bank’s stock valued at $778,000 after purchasing an additional 345 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Regions Financial by 1.8% during the 2nd quarter. Moors & Cabot Inc. now owns 38,785 shares of the bank’s stock valued at $567,000 after purchasing an additional 702 shares in the last quarter. Woodmont Investment Counsel LLC lifted its holdings in shares of Regions Financial by 8.3% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 11,724 shares of the bank’s stock valued at $172,000 after purchasing an additional 894 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of Regions Financial by 3.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 45,537 shares of the bank’s stock valued at $667,000 after purchasing an additional 1,310 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.
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About Regions Financial
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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