Regions Financial (RF) Rating Reiterated by B. Riley
B. Riley reaffirmed their hold rating on shares of Regions Financial (NYSE:RF) in a report published on Monday morning. The firm currently has a $19.00 price objective on the bank’s stock. B. Riley also issued estimates for Regions Financial’s Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.36 EPS and FY2018 earnings at $1.35 EPS.
A number of other brokerages have also weighed in on RF. Barclays upped their target price on shares of Regions Financial from $15.00 to $19.00 and gave the stock an underweight rating in a research report on Tuesday, January 2nd. Robert W. Baird lowered shares of Regions Financial from a neutral rating to an underperform rating and set a $13.00 target price for the company. in a research report on Monday, October 2nd. FBR & Co restated a hold rating and set a $16.00 target price on shares of Regions Financial in a research report on Wednesday, October 25th. SunTrust Banks restated a buy rating and set a $19.00 target price on shares of Regions Financial in a research report on Wednesday, November 29th. Finally, UBS Group upgraded shares of Regions Financial from a sell rating to a neutral rating and upped their target price for the stock from $15.00 to $18.00 in a research report on Tuesday, December 12th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $16.95.
Regions Financial (NYSE RF) traded up $0.49 on Monday, hitting $19.16. 13,578,900 shares of the company’s stock were exchanged, compared to its average volume of 10,065,149. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. Regions Financial has a fifty-two week low of $13.00 and a fifty-two week high of $19.17. The company has a market capitalization of $22,500.00, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.07 and a beta of 1.30.
In other news, EVP Scott M. Peters sold 25,000 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $15.84, for a total value of $396,000.00. Following the sale, the executive vice president now owns 121,459 shares of the company’s stock, valued at $1,923,910.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John E. D. D S. Maupin, Jr. sold 15,000 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total transaction of $255,600.00. Following the completion of the sale, the director now directly owns 59,436 shares in the company, valued at approximately $1,012,789.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,000 shares of company stock worth $1,278,400. 0.52% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Salem Investment Counselors Inc. raised its stake in shares of Regions Financial by 0.3% in the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after acquiring an additional 26 shares during the period. Sentry Investment Management LLC increased its stake in Regions Financial by 0.7% in the 2nd quarter. Sentry Investment Management LLC now owns 53,166 shares of the bank’s stock worth $778,000 after buying an additional 345 shares during the period. Moors & Cabot Inc. increased its stake in Regions Financial by 1.8% in the 2nd quarter. Moors & Cabot Inc. now owns 38,785 shares of the bank’s stock worth $567,000 after buying an additional 702 shares during the period. Thrivent Financial For Lutherans increased its stake in Regions Financial by 3.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 45,537 shares of the bank’s stock worth $667,000 after buying an additional 1,310 shares during the period. Finally, FTB Advisors Inc. increased its stake in Regions Financial by 6.1% in the 2nd quarter. FTB Advisors Inc. now owns 24,068 shares of the bank’s stock worth $351,000 after buying an additional 1,387 shares during the period. 75.32% of the stock is currently owned by institutional investors and hedge funds.
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About Regions Financial
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.
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