Shares of Regions Financial Corp (NYSE:RF) have earned an average recommendation of “Hold” from the eighteen ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $16.98.
Several equities analysts recently weighed in on the company. Citigroup lowered Regions Financial from a “neutral” rating to a “sell” rating and cut their price target for the company from $16.00 to $14.00 in a research note on Tuesday, October 8th. ValuEngine upgraded Regions Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley lifted their price target on Regions Financial from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday. Wedbush upgraded Regions Financial from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $15.00 to $17.00 in a research note on Monday, July 22nd. Finally, Raymond James set a $18.50 price target on Regions Financial and gave the company a “buy” rating in a research note on Thursday, September 12th.
In other news, EVP C. Keith Herron sold 69,288 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $14.51, for a total transaction of $1,005,368.88. Following the transaction, the executive vice president now directly owns 232,595 shares in the company, valued at approximately $3,374,953.45. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP C. Matthew Lusco sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $16.43, for a total value of $328,600.00. Following the transaction, the executive vice president now owns 163,229 shares in the company, valued at $2,681,852.47. The disclosure for this sale can be found here. Over the last quarter, insiders sold 107,697 shares of company stock worth $1,633,483. 0.28% of the stock is currently owned by insiders.
Shares of NYSE RF traded down $0.05 during trading on Friday, reaching $16.53. 313,854 shares of the company traded hands, compared to its average volume of 8,964,646. The firm’s fifty day simple moving average is $16.07 and its 200 day simple moving average is $15.17. The stock has a market cap of $15.94 billion, a P/E ratio of 12.18, a PEG ratio of 1.51 and a beta of 1.56. Regions Financial has a 12-month low of $12.39 and a 12-month high of $17.35. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60.
Regions Financial (NYSE:RF) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. Regions Financial had a return on equity of 10.88% and a net margin of 23.78%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business earned $0.50 EPS. Regions Financial’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts expect that Regions Financial will post 1.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, December 5th. Regions Financial’s payout ratio is 45.59%.
Regions Financial Company Profile
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.
See Also: How liquidity affects the bid-ask spread
Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.