Regions Financial Corporation (NYSE:RF – Get Free Report) has been given a consensus recommendation of “Hold” by the twenty analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $31.00.
Several equities analysts have recently weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $32.00 price target on shares of Regions Financial in a research report on Wednesday, October 21st. Evercore reissued an “underperform” rating and set a $28.00 price objective on shares of Regions Financial in a report on Tuesday, October 27th. Keefe, Bruyette & Woods raised their target price on Regions Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Monday, July 20th. Weiss Ratings restated a “buy (b)” rating on shares of Regions Financial in a research note on Thursday, October 15th. Finally, JPMorgan Chase & Co. lifted their target price on Regions Financial from $30.50 to $31.00 and gave the company a “neutral” rating in a report on Friday, October 30th.
Check Out Our Latest Stock Analysis on Regions Financial
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. WPG Advisers LLC raised its position in shares of Regions Financial by 83.5% in the second quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after buying an additional 370 shares in the last quarter. Keating Financial Advisory Services Inc. purchased a new position in Regions Financial during the second quarter worth about $25,000. Trust Co. of Vermont bought a new position in Regions Financial in the 2nd quarter worth about $26,000. Gables Capital Management Inc. bought a new position in Regions Financial in the 2nd quarter worth about $30,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in Regions Financial in the 2nd quarter worth about $36,000. 79.39% of the stock is owned by institutional investors.
Regions Financial Stock Performance
Shares of RF stock opened at $28.65 on Monday. The firm’s 50 day moving average is $28.27 and its 200 day moving average is $28.71. The stock has a market capitalization of $24.32 billion, a P/E ratio of 11.04, a PEG ratio of 1.16 and a beta of 1.01. Regions Financial has a 12 month low of $23.59 and a 12 month high of $32.47. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36.
Regions Financial (NYSE:RF – Get Free Report) last released its quarterly earnings data on Friday, October 16th. The bank reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Regions Financial had a net margin of 23.97% and a return on equity of 13.43%. Regions Financial’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. On average, sell-side analysts anticipate that Regions Financial will post 2.70 earnings per share for the current year.
Regions Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Tuesday, December 1st will be paid a $0.30 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $1.20 annualized dividend and a yield of 4.2%. Regions Financial’s dividend payout ratio is currently 47.06%.
Regions Financial Company Profile
Regions Financial Corporation (NYSE: RF) is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, Regions Bank, provides banking and related financial services to individuals, businesses and institutions. The company’s services include consumer and commercial banking, lending, mortgage banking, treasury and payment services, and wealth management. Regions also offers services such as investment and trust management through its wealth business. Regions traces its history to First Alabama Bancshares, established in 1971, and serves customers across the South and parts of the Midwest and Texas.
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