Regions Financial Corp. (RF) Receives Marketperform Rating from FBR & Co
Other equities research analysts have also recently issued research reports about the stock. Jefferies Group reiterated a buy rating and issued a $9.50 target price on shares of Regions Financial Corp. in a research note on Thursday, July 7th. TheStreet upgraded shares of Regions Financial Corp. from a hold rating to a buy rating in a research note on Friday, August 5th. Evercore ISI reiterated a buy rating and issued a $10.00 target price (up previously from $9.00) on shares of Regions Financial Corp. in a research note on Friday, July 22nd. Wells Fargo & Co. reiterated a hold rating on shares of Regions Financial Corp. in a research note on Saturday, July 9th. Finally, Credit Suisse Group AG reiterated a hold rating and issued a $9.50 target price on shares of Regions Financial Corp. in a research note on Wednesday, July 20th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Regions Financial Corp. presently has an average rating of Hold and an average target price of $10.34.
Regions Financial Corp. (NYSE:RF) opened at 9.95 on Monday. Regions Financial Corp. has a one year low of $7.00 and a one year high of $10.47. The company has a 50-day moving average price of $9.88 and a 200-day moving average price of $9.24. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 12.52 and a beta of 1.44.
Regions Financial Corp. (NYSE:RF) last released its earnings results on Tuesday, July 19th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Regions Financial Corp. had a net margin of 18.63% and a return on equity of 6.65%. The company earned $1.40 billion during the quarter, compared to the consensus estimate of $1.37 billion. Equities research analysts anticipate that Regions Financial Corp. will post $0.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 9th will be given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 2.61%. Regions Financial Corp.’s dividend payout ratio is currently 32.91%.
In related news, EVP C. Keith Herron sold 38,753 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $9.38, for a total value of $363,503.14. Following the sale, the executive vice president now directly owns 290,384 shares of the company’s stock, valued at approximately $2,723,801.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ellen S. Jones sold 10,000 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $9.53, for a total transaction of $95,300.00. Following the completion of the sale, the executive vice president now directly owns 54,886 shares in the company, valued at $523,063.58. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. AJO LP boosted its stake in Regions Financial Corp. by 665.8% in the second quarter. AJO LP now owns 12,532,352 shares of the company’s stock valued at $106,650,000 after buying an additional 10,895,919 shares in the last quarter. Bank of Montreal Can bought a new stake in Regions Financial Corp. during the second quarter valued at approximately $44,648,000. Basswood Capital Management L.L.C. boosted its stake in Regions Financial Corp. by 70.7% in the second quarter. Basswood Capital Management L.L.C. now owns 11,942,752 shares of the company’s stock valued at $101,633,000 after buying an additional 4,944,933 shares in the last quarter. Samlyn Capital LLC boosted its stake in Regions Financial Corp. by 66.0% in the first quarter. Samlyn Capital LLC now owns 11,611,786 shares of the company’s stock valued at $91,152,000 after buying an additional 4,616,877 shares in the last quarter. Finally, Systematic Financial Management LP bought a new stake in Regions Financial Corp. during the second quarter valued at approximately $36,379,000. 74.29% of the stock is currently owned by institutional investors and hedge funds.
About Regions Financial Corp.
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
Receive News & Ratings for Regions Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.