Regions Financial Co. (NYSE:RF)‘s stock had its “hold” rating reaffirmed by equities research analysts at FBR & Co in a research report issued on Wednesday, October 25th. They presently have a $16.00 price target on the bank’s stock. FBR & Co’s price target indicates a potential upside of 5.47% from the company’s previous close. FBR & Co also issued estimates for Regions Financial’s Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $1.11 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.32 EPS and FY2019 earnings at $1.24 EPS.
Several other equities research analysts have also commented on the stock. Instinet lifted their price target on shares of Regions Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, June 30th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $15.50 price objective on shares of Regions Financial in a research note on Wednesday, August 16th. Wells Fargo & Company started coverage on shares of Regions Financial in a research note on Wednesday, August 9th. They set a “market perform” rating and a $16.00 price target on the stock. Deutsche Bank AG reiterated a “hold” rating on shares of Regions Financial in a research note on Monday, July 3rd. Finally, Citigroup Inc. reissued a “neutral” rating and set a $16.00 price objective (up previously from $15.00) on shares of Regions Financial in a report on Monday, October 9th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $15.31.
Regions Financial (NYSE:RF) traded down $0.11 during mid-day trading on Wednesday, reaching $15.17. 11,869,800 shares of the company’s stock were exchanged, compared to its average volume of 15,297,376. The firm has a market cap of $17,724.36, a P/E 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 the Zacks’ consensus estimate of $0.25. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial had a net margin of 21.80% and a return on equity of 7.45%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 EPS. analysts anticipate that Regions Financial will post 0.99 earnings per share for the current year.
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In other news, EVP John B. Owen sold 40,000 shares of Regions Financial stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total value of $626,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Scott M. Peters sold 25,000 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $15.84, for a total transaction of $396,000.00. Following 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 currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. OMERS ADMINISTRATION Corp acquired a new stake in shares of Regions Financial in the 2nd quarter valued at $1,259,000. Koch Industries Inc. acquired a new position in Regions Financial during the 2nd quarter worth about $614,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Regions Financial by 17.9% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 295,359 shares of the bank’s stock worth $4,324,000 after buying an additional 44,909 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Regions Financial by 45.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 77,823 shares of the bank’s stock worth $1,139,000 after purchasing an additional 24,390 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Regions Financial by 35.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 432,686 shares of the bank’s stock worth $6,335,000 after purchasing an additional 113,610 shares during the last quarter. Hedge funds and other institutional investors own 77.72% of the company’s stock.
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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