Shares of Regions Financial Corp (NYSE:RF) have been assigned a consensus recommendation of “Hold” from the seventeen analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $17.83.

RF has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Regions Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, June 6th. Royal Bank of Canada upgraded shares of Regions Financial from a “sector perform” rating to an “outperform” rating and set a $11.00 target price for the company in a research report on Monday, June 18th. Robert W. Baird upgraded shares of Regions Financial from an “underperform” rating to a “neutral” rating in a research report on Thursday, June 28th. Finally, Wedbush set a $22.00 target price on shares of Regions Financial and gave the company a “buy” rating in a research report on Friday, September 7th.

In other news, Director Susan W. Matlock sold 24,000 shares of the firm’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $18.50, for a total transaction of $444,000.00. Following the completion of the transaction, the director now owns 14,914 shares in the company, valued at approximately $275,909. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP C. Keith Herron sold 23,186 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $18.76, for a total transaction of $434,969.36. Following the transaction, the executive vice president now owns 204,537 shares of the company’s stock, valued at approximately $3,837,114.12. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.

Large investors have recently bought and sold shares of the company. Royal London Asset Management Ltd. purchased a new stake in Regions Financial during the second quarter valued at about $8,714,000. Mainstay Capital Management LLC ADV lifted its stake in Regions Financial by 1,678.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 14,224 shares of the bank’s stock valued at $800,000 after buying an additional 13,424 shares in the last quarter. WINTON GROUP Ltd lifted its stake in Regions Financial by 2,186.9% during the second quarter. WINTON GROUP Ltd now owns 354,543 shares of the bank’s stock valued at $6,304,000 after buying an additional 339,040 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in Regions Financial by 3.9% during the second quarter. GHP Investment Advisors Inc. now owns 167,956 shares of the bank’s stock valued at $2,986,000 after buying an additional 6,380 shares in the last quarter. Finally, Andra AP fonden lifted its stake in Regions Financial by 16.7% during the second quarter. Andra AP fonden now owns 345,900 shares of the bank’s stock valued at $6,150,000 after buying an additional 49,600 shares in the last quarter. Institutional investors own 74.76% of the company’s stock.

RF traded down $0.05 on Monday, reaching $19.44. The company had a trading volume of 14,357,686 shares, compared to its average volume of 9,262,890. The firm has a market capitalization of $21.49 billion, a PE ratio of 19.44, a P/E/G ratio of 1.10 and a beta of 1.26. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. Regions Financial has a one year low of $14.29 and a one year high of $20.21.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, July 20th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a net margin of 22.77% and a return on equity of 9.46%. Regions Financial’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. equities analysts expect that Regions Financial will post 1.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 7th will be given a dividend of $0.14 per share. This is a positive change from Regions Financial’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $0.56 annualized dividend and a dividend yield of 2.88%. Regions Financial’s dividend payout ratio (DPR) is 56.00%.

About Regions Financial

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

See Also: Price to Earnings Ratio (PE)

Analyst Recommendations for Regions Financial (NYSE:RF)

Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.