Regions Financial (NYSE:RF) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial (NYSE:RF) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The brokerage currently has $26.00 price objective on the bank’s stock, up from their prior price objective of $24.00.

RF has been the subject of several other reports. Royal Bank of Canada boosted their price target on Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Citigroup boosted their price target on Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Morgan Stanley boosted their price target on Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Barclays boosted their price target on Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Finally, DA Davidson upped their target price on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Regions Financial has an average rating of “Hold” and a consensus price target of $24.78.

Regions Financial Trading Down 1.1 %

Shares of RF stock opened at $23.50 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market cap of $21.52 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 2.54 and a beta of 1.17. The stock has a 50 day simple moving average of $22.91 and a 200-day simple moving average of $21.00. Regions Financial has a 1-year low of $13.95 and a 1-year high of $24.47.

Regions Financial (NYSE:RF) last announced its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts expect that Regions Financial will post 2.05 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s dividend payout ratio is presently 54.35%.

Hedge Funds Weigh In On Regions Financial

A number of hedge funds have recently modified their holdings of the business. EntryPoint Capital LLC acquired a new position in Regions Financial during the 1st quarter worth about $26,000. American National Bank & Trust lifted its stake in Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after acquiring an additional 1,114 shares in the last quarter. Quarry LP lifted its stake in 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 acquiring an additional 816 shares in the last quarter. MV Capital Management Inc. lifted its stake in 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 acquiring an additional 618 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Regions Financial by 530.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock worth $30,000 after acquiring an additional 1,256 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

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.