Regions Financial Co. (NYSE:RF) has received a consensus rating of “Hold” from the twenty-five research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $17.56.
A number of research analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Regions Financial from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Robert W. Baird reaffirmed a “sell” rating and set a $17.00 price objective on shares of Regions Financial in a research report on Wednesday, January 3rd. ValuEngine raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Monday. Sandler O’Neill raised shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $18.00 price objective on shares of Regions Financial in a research report on Sunday, January 21st.
In other news, EVP Ronald G. Smith sold 92,301 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $19.32, for a total transaction of $1,783,255.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.84% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. grew its stake in shares of Regions Financial by 3.9% during the fourth quarter. Hanseatic Management Services Inc. now owns 73,480 shares of the bank’s stock valued at $1,270,000 after purchasing an additional 2,766 shares during the last quarter. Patten Group Inc. grew its stake in shares of Regions Financial by 4.7% during the fourth quarter. Patten Group Inc. now owns 62,888 shares of the bank’s stock valued at $1,087,000 after purchasing an additional 2,820 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management grew its stake in shares of Regions Financial by 19.0% during the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 19,365 shares of the bank’s stock valued at $335,000 after purchasing an additional 3,090 shares during the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Regions Financial by 2.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 114,913 shares of the bank’s stock valued at $1,986,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Brown Advisory Securities LLC grew its stake in shares of Regions Financial by 10.1% during the fourth quarter. Brown Advisory Securities LLC now owns 36,573 shares of the bank’s stock valued at $633,000 after purchasing an additional 3,348 shares during the last quarter. 77.25% of the stock is currently owned by institutional investors and hedge funds.
Shares of RF traded up $0.15 during trading hours on Friday, reaching $19.02. 13,185,631 shares of the company traded hands, compared to its average volume of 11,627,350. The firm has a market capitalization of $21,171.58, a P/E ratio of 19.11, a P/E/G ratio of 1.04 and a beta of 1.26. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.86. Regions Financial has a 1-year low of $13.02 and a 1-year high of $20.21.
Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, April 20th. The bank reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.44 billion. Regions Financial had a net margin of 22.06% and a return on equity of 8.75%. During the same quarter in the prior year, the business earned $0.23 earnings per share. equities analysts forecast that Regions Financial will post 1.36 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 8th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.89%. Regions Financial’s payout ratio is 36.00%.
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About Regions Financial
Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.
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