Regions Financial (NYSE:RF) Earns “Overweight” Rating from Cantor Fitzgerald

Regions Financial (NYSE:RF)‘s stock had its “overweight” rating reissued by research analysts at Cantor Fitzgerald in a report issued on Wednesday, Marketbeat.com reports. They presently have a $32.00 price objective on the bank’s stock. Cantor Fitzgerald‘s price objective would suggest a potential upside of 14.07% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Stephens restated an “outperform” rating on shares of Regions Financial in a research note on Monday. Morgan Stanley lowered their target price on Regions Financial from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, September 28th. Evercore reaffirmed an “underperform” rating and set a $31.00 target price on shares of Regions Financial in a report on Monday, July 6th. TD Cowen started coverage on Regions Financial in a report on Thursday, October 8th. They issued a “hold” rating and a $30.00 price objective for the company. Finally, Keefe, Bruyette & Woods boosted their target price on Regions Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Monday, July 20th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.13.

Regions Financial Stock Up 0.7%

RF traded up $0.20 during midday trading on Wednesday, hitting $28.05. 7,228,771 shares of the company’s stock traded hands, compared to its average volume of 11,618,747. The stock’s fifty day simple moving average is $28.97 and its 200-day simple moving average is $29.02. Regions Financial has a one year low of $23.59 and a one year high of $32.47. The company has a market cap of $23.90 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.82 and a quick ratio of 0.81.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 16th. The bank reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.06. Regions Financial had a return on equity of 13.43% and a net margin of 23.97%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the company earned $0.63 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities analysts anticipate that Regions Financial will post 2.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RF. WPG Advisers LLC boosted its position in Regions Financial by 83.5% in the second quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock valued at $25,000 after buying an additional 370 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new stake in shares of Regions Financial during the second quarter valued at approximately $25,000. Trust Co. of Vermont purchased a new stake in shares of Regions Financial in the second quarter worth approximately $26,000. Gables Capital Management Inc. bought a new position in Regions Financial during the 2nd quarter valued at $30,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in Regions Financial in the second quarter worth $36,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, institutions and governments.

Regions Bank offers checking and savings accounts, consumer and commercial loans, credit products, mortgages, treasury and cash-management services, investment and wealth-management solutions, and insurance-related services.