Regions Financial (NYSE:RF) Rating Lowered to Sell at StockNews.com

Regions Financial (NYSE:RF) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

A number of other research firms also recently issued reports on RF. Piper Sandler raised their price target on Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Truist Financial raised their price target on Regions Financial from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Keefe, Bruyette & Woods dropped their price target on Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. Royal Bank of Canada raised their price target on Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Finally, Morgan Stanley raised their price target on Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.51.

Regions Financial Stock Up 2.9 %

RF stock opened at $22.81 on Friday. Regions Financial has a twelve month low of $13.72 and a twelve month high of $22.99. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. The firm has a market cap of $20.89 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 2.77 and a beta of 1.18. The business has a 50 day moving average of $20.83 and a 200 day moving average of $19.82.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the company earned $0.59 EPS. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. On average, research analysts forecast that Regions Financial will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On Regions Financial

Several hedge funds have recently bought and sold shares of RF. EntryPoint Capital LLC bought a new position in shares of Regions Financial during the 1st quarter worth $26,000. Quarry LP grew its position in shares of Regions Financial by 157.2% during the 2nd quarter. Quarry LP now owns 1,335 shares of the bank’s stock worth $27,000 after buying an additional 816 shares in the last quarter. Laurel Wealth Advisors LLC grew its position in shares of Regions Financial by 86.5% during the 4th quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock worth $27,000 after buying an additional 649 shares in the last quarter. MV Capital Management Inc. grew its position in shares of Regions Financial by 75.6% during the 1st quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock worth $30,000 after buying an additional 618 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in shares of Regions Financial during the 4th quarter worth $28,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.