Regions Financial Corp (RF) Receives Average Rating of “Hold” from Analysts

Regions Financial Corp (NYSE:RF) has earned a consensus rating of “Hold” from the twenty-four research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $17.71.

Several research analysts recently weighed in on the company. ValuEngine upgraded Regions Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. B. Riley boosted their target price on Regions Financial from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 24th. Finally, Keefe, Bruyette & Woods restated a “neutral” rating on shares of Regions Financial in a research note on Sunday, April 22nd.

Shares of Regions Financial traded down $0.27, reaching $18.62, on Friday, MarketBeat Ratings reports. The company had a trading volume of 12,832,042 shares, compared to its average volume of 11,066,186. Regions Financial has a 52-week low of $13.02 and a 52-week high of $20.21. The company has a market capitalization of $21.19 billion, a PE ratio of 18.62, a P/E/G ratio of 0.96 and a beta of 1.23. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, April 20th. The bank reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Regions Financial had a return on equity of 8.75% and a net margin of 22.06%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $0.23 EPS. research analysts predict that Regions Financial will post 1.4 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 8th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.36 dividend on an annualized basis and a yield of 1.93%. Regions Financial’s dividend payout ratio is currently 36.00%.

In other news, EVP Barbara Godin sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $19.15, for a total value of $383,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Grayson Hall sold 193,228 shares of the business’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $19.34, for a total value of $3,737,029.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 518,290 shares of company stock valued at $9,879,551. 0.84% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc acquired a new position in shares of Regions Financial in the 1st quarter valued at about $117,000. Summit Trail Advisors LLC lifted its holdings in shares of Regions Financial by 1,646.8% in the 1st quarter. Summit Trail Advisors LLC now owns 134,102 shares of the bank’s stock valued at $134,000 after buying an additional 126,425 shares during the period. Avestar Capital LLC acquired a new position in shares of Regions Financial in the 4th quarter valued at about $135,000. Captrust Financial Advisors acquired a new position in shares of Regions Financial in the 4th quarter valued at about $166,000. Finally, Signaturefd LLC acquired a new position in shares of Regions Financial in the 1st quarter valued at about $167,000. 74.98% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Regions Financial (NYSE:RF)

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