Regions Financial (RF) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Regions Financial (NYSE:RF)‘s stock had its “neutral” rating reissued by stock analysts at Keefe, Bruyette & Woods in a report issued on Sunday.

A number of other equities research analysts have also commented on RF. Barclays increased their price target on Regions Financial from $15.00 to $19.00 and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. Robert W. Baird reissued a “sell” rating and issued a $17.00 price target on shares of Regions Financial in a research report on Wednesday, January 3rd. Piper Jaffray reissued a “hold” rating and issued a $17.00 price target on shares of Regions Financial in a research report on Tuesday, January 9th. ValuEngine lowered Regions Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $18.00 price target on shares of Regions Financial in a research report on Sunday, January 21st. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $17.37.

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Shares of RF opened at $18.86 on Friday. Regions Financial has a 12-month low of $13.02 and a 12-month high of $20.21. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $21,205.25, a P/E ratio of 18.86, a PEG ratio of 1.06 and a beta of 1.26.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, April 20th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Regions Financial had a return on equity of 8.75% and a net margin of 22.06%. During the same period last year, the business earned $0.23 EPS. sell-side analysts forecast that Regions Financial will post 1.35 earnings per share for the current fiscal year.

In related news, EVP Scott M. Peters sold 25,627 shares of Regions Financial stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total value of $499,726.50. Following the completion of the sale, the executive vice president now owns 240,796 shares of the company’s stock, valued at approximately $4,695,522. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ronald G. Smith sold 92,301 shares of Regions Financial stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $19.32, for a total value of $1,783,255.32. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brown Advisory Securities LLC increased its holdings in Regions Financial by 10.1% in the 4th quarter. Brown Advisory Securities LLC now owns 36,573 shares of the bank’s stock worth $633,000 after acquiring an additional 3,348 shares during the last quarter. BancorpSouth Bank purchased a new stake in Regions Financial in the 4th quarter worth about $949,000. Toronto Dominion Bank increased its holdings in Regions Financial by 10.6% in the 4th quarter. Toronto Dominion Bank now owns 501,735 shares of the bank’s stock worth $8,669,000 after acquiring an additional 48,117 shares during the last quarter. Teachers Advisors LLC increased its holdings in Regions Financial by 14.9% in the 4th quarter. Teachers Advisors LLC now owns 6,716,367 shares of the bank’s stock worth $116,059,000 after acquiring an additional 870,111 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Regions Financial by 51,131.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 160,355 shares of the bank’s stock worth $3,260,000 after acquiring an additional 160,042 shares during the last quarter. 77.25% of the stock is owned by institutional investors.

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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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