Shares of Regions Financial Corp (NYSE:RF) have received a consensus rating of “Hold” from the seventeen research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $18.33.
RF has been the subject of a number of research analyst reports. Wedbush set a $22.00 target price on Regions Financial and gave the company a “buy” rating in a research report on Friday, September 7th. Vining Sparks reaffirmed a “buy” rating and issued a $22.00 target price on shares of Regions Financial in a research report on Tuesday, October 9th. Robert W. Baird raised Regions Financial from an “underperform” rating to a “neutral” rating in a research report on Thursday, June 28th. Finally, B. Riley set a $20.00 target price on Regions Financial and gave the company a “hold” rating in a research report on Monday.
In other Regions Financial news, Director Susan W. Matlock sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $18.50, for a total transaction of $444,000.00. Following the completion of the sale, the director now directly owns 14,914 shares of the company’s stock, valued at approximately $275,909. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP C. Keith Herron sold 23,186 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $18.76, for a total value of $434,969.36. Following the sale, the executive vice president now directly owns 204,537 shares of the company’s stock, valued at $3,837,114.12. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of RF. GHP Investment Advisors Inc. boosted its stake in shares of Regions Financial by 1.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 170,864 shares of the bank’s stock worth $3,135,000 after buying an additional 2,908 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Regions Financial by 28.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 543,480 shares of the bank’s stock worth $9,973,000 after buying an additional 120,324 shares during the last quarter. RWC Asset Management LLP boosted its stake in shares of Regions Financial by 12.2% in the 3rd quarter. RWC Asset Management LLP now owns 1,124,884 shares of the bank’s stock worth $20,642,000 after buying an additional 122,669 shares during the last quarter. First Hawaiian Bank purchased a new position in shares of Regions Financial in the 3rd quarter worth approximately $836,000. Finally, Dorsey Wright & Associates boosted its stake in shares of Regions Financial by 3.5% in the 3rd quarter. Dorsey Wright & Associates now owns 169,688 shares of the bank’s stock worth $3,114,000 after buying an additional 5,732 shares during the last quarter. 74.80% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:RF traded up $0.11 during midday trading on Friday, reaching $17.33. The company’s stock had a trading volume of 15,412,900 shares, compared to its average volume of 11,128,882. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.04 and a beta of 1.29. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.87. Regions Financial has a fifty-two week low of $14.68 and a fifty-two week high of $20.21.
Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, July 20th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. Regions Financial had a return on equity of 9.46% and a net margin of 22.77%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. Analysts anticipate that Regions Financial will post 1.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 7th were issued a dividend of $0.14 per share. This is a positive change from Regions Financial’s previous quarterly dividend of $0.09. This represents a $0.56 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Thursday, September 6th. Regions Financial’s payout ratio is currently 56.00%.
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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