Regions Financial (NYSE:RF) Raised to “Hold” at StockNews.com

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

Several other equities research analysts also recently issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Royal Bank of Canada boosted their price target on Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Wedbush increased their price objective on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday. Keefe, Bruyette & Woods dropped their target price on Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $24.00 to $26.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Regions Financial presently has an average rating of “Hold” and a consensus target price of $24.35.

Regions Financial Stock Up 0.5 %

RF stock opened at $23.75 on Friday. Regions Financial has a 1-year low of $13.72 and a 1-year high of $24.47. The business’s 50 day simple moving average is $22.87 and its 200 day simple moving average is $20.98. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $21.75 billion, a PE ratio of 12.91, a PEG ratio of 2.80 and a beta of 1.17.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. Regions Financial’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. As a group, research analysts anticipate that Regions Financial will post 2.02 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. grew its position in Regions Financial by 281.7% during the 1st quarter. Bessemer Group Inc. now owns 79,593 shares of the bank’s stock worth $1,675,000 after acquiring an additional 58,739 shares during the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of Regions Financial by 1,075.7% during the first quarter. UniSuper Management Pty Ltd now owns 44,781 shares of the bank’s stock worth $942,000 after purchasing an additional 40,972 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Regions Financial by 30.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 415,105 shares of the bank’s stock worth $8,734,000 after purchasing an additional 98,003 shares during the last quarter. Swedbank AB acquired a new position in shares of Regions Financial in the first quarter valued at approximately $19,322,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Regions Financial in the 1st quarter valued at approximately $33,829,000. Institutional investors own 79.39% of the company’s stock.

About Regions Financial

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.