B. Riley restated their hold rating on shares of Regions Financial (NYSE:RF) in a research note published on Monday. They currently have a $19.00 price objective on the bank’s stock. B. Riley also issued estimates for Regions Financial’s Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.36 EPS and FY2018 earnings at $1.35 EPS.
Other equities research analysts have also issued research reports about the stock. Sandler O’Neill raised shares of Regions Financial from a hold rating to a buy rating in a research note on Monday. Royal Bank of Canada reaffirmed a hold rating and issued a $16.00 target price on shares of Regions Financial in a report on Wednesday, October 25th. SunTrust Banks reaffirmed a buy rating and issued a $19.00 target price on shares of Regions Financial in a report on Wednesday, November 29th. Piper Jaffray Companies reaffirmed a hold rating and issued a $17.00 target price on shares of Regions Financial in a report on Tuesday, January 9th. Finally, ValuEngine cut shares of Regions Financial from a buy rating to a hold rating in a report on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $16.95.
Regions Financial (NYSE RF) traded up $0.49 during trading hours on Monday, reaching $19.16. 13,578,900 shares of the company traded hands, compared to its average volume of 10,065,149. Regions Financial has a 1-year low of $13.00 and a 1-year high of $19.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $22,500.00, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.07 and a beta of 1.30.
Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 19th. The bank reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. Regions Financial had a net margin of 20.48% and a return on equity of 7.87%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Regions Financial’s quarterly revenue was up 5.9% on a year-over-year basis. analysts anticipate that Regions Financial will post 1.2 earnings per share for the current year.
In other news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total transaction of $255,600.00. Following the completion of the transaction, the director now directly owns 59,436 shares of the company’s stock, valued at $1,012,789.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John B. Owen sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were 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. Insiders have sold 80,000 shares of company stock valued at $1,278,400 over the last three months. 0.52% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in RF. Ameriprise Financial Inc. increased its holdings in Regions Financial by 4.9% during the second quarter. Ameriprise Financial Inc. now owns 1,172,544 shares of the bank’s stock valued at $17,140,000 after buying an additional 54,737 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in Regions Financial by 3.0% during the second quarter. Thrivent Financial For Lutherans now owns 45,537 shares of the bank’s stock valued at $667,000 after buying an additional 1,310 shares during the last quarter. ETRADE Capital Management LLC purchased a new stake in Regions Financial during the second quarter valued at approximately $226,000. MML Investors Services LLC increased its holdings in Regions Financial by 22.0% during the second quarter. MML Investors Services LLC now owns 24,555 shares of the bank’s stock valued at $359,000 after buying an additional 4,428 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in Regions Financial by 8.0% during the second quarter. M&T Bank Corp now owns 69,243 shares of the bank’s stock valued at $1,014,000 after buying an additional 5,141 shares during the last quarter. 75.32% of the stock is owned by institutional investors and hedge funds.
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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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