Wall Street Zen Upgrades Regions Financial (NYSE:RF) to Hold

Wall Street Zen upgraded shares of Regions Financial (NYSE:RF) from a sell rating to a hold rating in a research report report published on Sunday.

A number of other research firms have also weighed in on RF. Barclays dropped their price objective on shares of Regions Financial from $26.00 to $24.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. TD Cowen initiated coverage on shares of Regions Financial in a research note on Thursday, May 15th. They issued a “buy” rating and a $31.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Cowen assumed coverage on shares of Regions Financial in a research note on Wednesday, May 14th. They issued a “buy” rating on the stock. Finally, Truist Financial reissued a “hold” rating on shares of Regions Financial in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Regions Financial has a consensus rating of “Moderate Buy” and a consensus price target of $25.80.

Regions Financial Stock Down 0.6%

Regions Financial stock opened at $21.54 on Friday. Regions Financial has a 1-year low of $17.74 and a 1-year high of $27.96. The firm has a market capitalization of $19.36 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. The firm’s fifty day moving average price is $21.02 and its two-hundred day moving average price is $22.55. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Regions Financial had a net margin of 21.43% and a return on equity of 13.04%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm earned $0.37 earnings per share. On average, equities research analysts predict that Regions Financial will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.64%. Regions Financial’s dividend payout ratio (DPR) is presently 48.08%.

Institutional Trading of Regions Financial

A number of large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in Regions Financial by 3.7% during the first quarter. Wellington Management Group LLP now owns 44,211,562 shares of the bank’s stock worth $960,717,000 after buying an additional 1,562,512 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Regions Financial by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,092,742 shares of the bank’s stock worth $675,645,000 after purchasing an additional 1,909,162 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Regions Financial by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank’s stock worth $540,284,000 after purchasing an additional 403,283 shares in the last quarter. Invesco Ltd. increased its stake in shares of Regions Financial by 35.7% in the first quarter. Invesco Ltd. now owns 20,990,446 shares of the bank’s stock worth $456,122,000 after purchasing an additional 5,521,772 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Regions Financial by 7.7% in the fourth quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank’s stock worth $401,097,000 after purchasing an additional 1,224,645 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Company Profile

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.