Piper Jaffray Companies restated their hold rating on shares of Regions Financial (NYSE:RF) in a research note issued to investors on Tuesday morning. The firm currently has a $17.00 price objective on the bank’s stock.
Other analysts have also recently issued research reports about the stock. SunTrust Banks restated a buy rating and set a $19.00 price objective on shares of Regions Financial in a research report on Wednesday, November 29th. Goldman Sachs Group upgraded shares of Regions Financial from a buy rating to a conviction-buy rating in a research report on Thursday, November 16th. Keefe, Bruyette & Woods restated a hold rating and set a $15.00 price objective on shares of Regions Financial in a research report on Tuesday, October 3rd. Royal Bank of Canada restated a hold rating and set a $16.00 price objective on shares of Regions Financial in a research report on Wednesday, October 25th. Finally, FBR & Co restated a hold rating and set a $16.00 price objective on shares of Regions Financial in a research report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $16.65.
Regions Financial (NYSE RF) traded up $0.30 during trading on Tuesday, hitting $18.08. 10,096,500 shares of the stock traded hands, compared to its average volume of 10,610,000. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a market cap of $20,970.00, a PE ratio of 19.03, a P/E/G ratio of 1.23 and a beta of 1.30. Regions Financial has a 12-month low of $13.00 and a 12-month high of $18.26.
Regions Financial (NYSE:RF) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a net margin of 20.14% and a return on equity of 7.56%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. equities research analysts forecast that Regions Financial will post 0.99 EPS for the current year.
The firm 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. This represents a $0.36 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, December 7th. Regions Financial’s payout ratio is presently 37.89%.
In other Regions Financial news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total value of $255,600.00. Following the sale, the director now owns 59,436 shares of the company’s stock, valued at approximately $1,012,789.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John B. Owen sold 40,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total transaction of $626,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,000 shares of company stock worth $1,278,400. 0.52% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Regions Financial by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 134,473,976 shares of the bank’s stock worth $1,968,699,000 after acquiring an additional 1,742,890 shares during the last quarter. Boston Partners grew its holdings in Regions Financial by 3.7% in the 3rd quarter. Boston Partners now owns 33,692,511 shares of the bank’s stock worth $513,137,000 after acquiring an additional 1,191,474 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Regions Financial by 2.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,430,899 shares of the bank’s stock worth $219,767,000 after acquiring an additional 382,430 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Regions Financial by 8,065.3% in the 2nd quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock worth $191,306,000 after acquiring an additional 12,907,276 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its holdings in Regions Financial by 257.2% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock worth $145,268,000 after acquiring an additional 6,868,243 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.
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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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