Traders purchased shares of Regions Financial Corp (NYSE:RF) on weakness during trading on Monday. $75.56 million flowed into the stock on the tick-up and $22.63 million flowed out of the stock on the tick-down, for a money net flow of $52.93 million into the stock. Of all stocks tracked, Regions Financial had the 20th highest net in-flow for the day. Regions Financial traded down ($0.07) for the day and closed at $16.13

A number of research firms have recently weighed in on RF. ValuEngine cut Regions Financial from a “hold” rating to a “sell” rating in a report on Thursday. Wedbush set a $22.00 price target on Regions Financial and gave the stock a “buy” rating in a report on Friday, September 7th. B. Riley set a $20.00 price target on Regions Financial and gave the stock a “hold” rating in a report on Monday, October 15th. Raymond James lowered their price target on Regions Financial from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Finally, Vining Sparks reiterated a “buy” rating and set a $22.00 price target on shares of Regions Financial in a report on Tuesday, October 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $18.91.

The firm has a market cap of $16.75 billion, a P/E ratio of 16.13, a PEG ratio of 0.90 and a beta of 1.29. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.88 and a quick ratio of 0.88.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04). Regions Financial had a net margin of 26.39% and a return on equity of 10.15%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts forecast that Regions Financial Corp will post 1.44 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.47%. The ex-dividend date is Thursday, December 6th. Regions Financial’s dividend payout ratio (DPR) is 56.00%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LSV Asset Management increased its position in Regions Financial by 0.3% during the third quarter. LSV Asset Management now owns 28,691,540 shares of the bank’s stock worth $526,489,000 after buying an additional 87,899 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Regions Financial by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 20,054,121 shares of the bank’s stock valued at $367,993,000 after purchasing an additional 3,013,569 shares during the period. Millennium Management LLC increased its holdings in shares of Regions Financial by 52.7% in the second quarter. Millennium Management LLC now owns 19,743,411 shares of the bank’s stock valued at $351,038,000 after purchasing an additional 6,813,530 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Regions Financial by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 14,318,052 shares of the bank’s stock valued at $262,751,000 after purchasing an additional 152,841 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Regions Financial by 0.8% in the second quarter. Bank of America Corp DE now owns 12,496,685 shares of the bank’s stock valued at $222,190,000 after purchasing an additional 95,653 shares during the period. 77.95% of the stock is currently owned by institutional investors.

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About Regions Financial (NYSE:RF)

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.

Further Reading: Average Daily Trade Volume – ADTV

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