Regions Financial (NYSE:RF) was upgraded by equities researchers at Raymond James from an “outperform” rating to a “strong-buy” rating in a report issued on Wednesday, Marketbeat Ratings reports. The analysts noted that the move was a valuation call.
A number of other equities analysts have also recently weighed in on RF. Wedbush set a $22.00 price target on Regions Financial and gave the stock a “buy” rating in a report on Friday, September 7th. Vining Sparks reissued a “buy” rating and issued a $22.00 price target on shares of Regions Financial in a report on Tuesday, October 9th. Finally, B. Riley set a $20.00 price target on Regions Financial and gave the stock a “hold” rating in a report on Monday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $18.91.
RF traded down $0.03 during trading on Wednesday, reaching $17.21. 445,560 shares of the stock were exchanged, compared to its average volume of 15,524,418. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 0.93 and a beta of 1.29. Regions Financial has a 1 year low of $15.06 and a 1 year high of $20.21.
Regions Financial (NYSE:RF) last posted its earnings results on Tuesday, October 23rd. The bank reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.04). The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Regions Financial had a return on equity of 10.15% and a net margin of 26.39%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, analysts predict that Regions Financial will post 1.43 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its stake in Regions Financial by 52.7% in the second quarter. Millennium Management LLC now owns 19,743,411 shares of the bank’s stock valued at $351,038,000 after purchasing an additional 6,813,530 shares during the last quarter. Bank of Montreal Can increased its stake in Regions Financial by 4.6% during the second quarter. Bank of Montreal Can now owns 17,179,629 shares of the bank’s stock worth $305,453,000 after acquiring an additional 754,073 shares during the last quarter. Bank of America Corp DE increased its stake in Regions Financial by 0.8% during the second quarter. Bank of America Corp DE now owns 12,496,685 shares of the bank’s stock worth $222,190,000 after acquiring an additional 95,653 shares during the last quarter. Janus Henderson Group PLC increased its stake in Regions Financial by 135.1% during the second quarter. Janus Henderson Group PLC now owns 7,807,580 shares of the bank’s stock worth $138,818,000 after acquiring an additional 4,486,512 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Regions Financial by 1.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 6,047,523 shares of the bank’s stock worth $107,525,000 after acquiring an additional 61,567 shares during the last quarter. Hedge funds and other institutional investors own 74.02% of the company’s stock.
Regions Financial Company Profile
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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