ValuEngine Upgrades Regions Financial (RF) to Buy
ValuEngine upgraded shares of Regions Financial (NYSE:RF) from a hold rating to a buy rating in a report issued on Thursday.
RF has been the topic of several other reports. Morgan Stanley increased their price objective on shares of Regions Financial from $20.00 to $21.00 and gave the company an equal weight rating in a research report on Friday, February 2nd. Robert W. Baird reissued a sell rating and set a $17.00 price objective on shares of Regions Financial in a research report on Wednesday, January 3rd. Sandler O’Neill raised shares of Regions Financial from a hold rating to a buy rating in a research report on Monday, January 22nd. Royal Bank of Canada reissued a hold rating and set a $18.00 price objective on shares of Regions Financial in a research report on Sunday, January 21st. Finally, B. Riley reissued a hold rating and set a $19.00 price objective on shares of Regions Financial in a research report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $17.24.
Regions Financial (NYSE RF) opened at $19.47 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $21,856.34, a PE ratio of 19.47, a P/E/G ratio of 1.45 and a beta of 1.27. Regions Financial has a 12 month low of $13.00 and a 12 month high of $20.10.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Thursday, March 8th. Regions Financial’s payout ratio is presently 36.00%.
In related news, EVP Scott M. Peters sold 25,627 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $19.50, for a total value of $499,726.50. Following the transaction, the executive vice president now owns 240,796 shares of the company’s stock, valued at $4,695,522. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total transaction of $255,600.00. Following the completion of the transaction, 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 132,928 shares of company stock worth $2,538,582. Insiders own 0.52% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Green Square Capital LLC boosted its holdings in shares of Regions Financial by 417.3% in the fourth quarter. Green Square Capital LLC now owns 89,112 shares of the bank’s stock worth $1,548,000 after buying an additional 71,884 shares during the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of Regions Financial by 6.4% in the fourth quarter. Xact Kapitalforvaltning AB now owns 216,053 shares of the bank’s stock worth $3,733,000 after buying an additional 12,938 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Regions Financial by 51,131.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 160,355 shares of the bank’s stock worth $3,260,000 after buying an additional 160,042 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Regions Financial by 3.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 131,309 shares of the bank’s stock worth $2,268,000 after buying an additional 4,602 shares during the last quarter. Finally, Delek Group Ltd. purchased a new position in shares of Regions Financial in the fourth quarter worth approximately $669,000. 75.45% of the stock is currently owned by institutional investors.
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Regions Financial Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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