Regions Financial (NYSE:RF) Stock Rating Upgraded by Stephens

Stephens upgraded shares of Regions Financial (NYSE:RF) from an equal weight rating to an overweight rating in a report issued on Tuesday, MarketBeat reports. The brokerage currently has $26.00 target price on the bank’s stock.

Several other research analysts also recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Regions Financial from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Evercore ISI upped their target price on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research note on Wednesday, October 2nd. DA Davidson upped their target price on shares of Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $24.00 to $26.00 in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Regions Financial presently has an average rating of “Moderate Buy” and an average price target of $25.45.

Regions Financial Price Performance

RF opened at $23.56 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. Regions Financial has a 52-week low of $14.60 and a 52-week high of $24.47. The company has a 50 day moving average of $23.09 and a two-hundred day moving average of $21.14. The company has a market cap of $21.56 billion, a P/E ratio of 13.31, a P/E/G ratio of 2.52 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 earnings per share (EPS) 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 analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Regions Financial’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, analysts expect that Regions Financial will post 2.1 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 4.24%. Regions Financial’s payout ratio is 56.50%.

Hedge Funds Weigh In On Regions Financial

Several large investors have recently bought and sold shares of RF. American National Bank & Trust boosted its position in shares of Regions Financial by 1,856.7% during the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,114 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Regions Financial during the 1st quarter valued at about $26,000. Quarry LP boosted 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 valued at $27,000 after purchasing an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of 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 valued at $30,000 after purchasing an additional 1,256 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Regions Financial during the 2nd quarter valued at about $32,000. Institutional investors and hedge funds 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.