Regions Financial (NYSE:RF) Upgraded at Brean Capital

Brean Capital upgraded shares of Regions Financial (NYSE:RF) from a neutral rating to a buy rating in a report issued on Monday morning, MarketBeat reports. They currently have $33.00 price objective on the bank’s stock.

Several other analysts also recently issued reports on RF. JPMorgan Chase & Co. reduced their price target on shares of Regions Financial from $32.00 to $30.50 and set a “neutral” rating on the stock in a report on Friday, October 2nd. DA Davidson raised their price objective on shares of Regions Financial from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Robert W. Baird raised shares of Regions Financial from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Friday, September 18th. Jefferies Financial Group restated a “hold” rating and set a $32.00 price objective on shares of Regions Financial in a research report on Friday, July 17th. Finally, Evercore reaffirmed an “underperform” rating and issued a $31.00 target price on shares of Regions Financial in a research note on Monday, July 6th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Regions Financial currently has a consensus rating of “Hold” and an average target price of $31.12.

Regions Financial Price Performance

Regions Financial stock opened at $28.05 on Monday. The firm has a market capitalization of $23.90 billion, a PE ratio of 11.00, a P/E/G ratio of 1.12 and a beta of 1.05. Regions Financial has a 52 week low of $23.59 and a 52 week high of $32.47. The firm’s 50-day simple moving average is $28.89 and its 200 day simple moving average is $29.03. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.36.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, October 16th. The bank reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.06. Regions Financial had a net margin of 23.97% and a return on equity of 13.43%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the firm posted $0.63 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts predict that Regions Financial will post 2.70 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, December 1st. Regions Financial’s dividend payout ratio (DPR) is currently 47.06%.

Institutional Inflows and Outflows

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

Regions Financial Company Profile

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.