Regions Financial (NYSE:RF) Upgraded by Keefe, Bruyette & Woods to Outperform Rating

Regions Financial (NYSE:RF) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, MarketBeat.com reports. The firm currently has a $28.00 price objective on the bank’s stock, up from their prior price objective of $27.00. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 18.85% from the company’s current price.

RF has been the topic of several other research reports. Royal Bank of Canada increased their price target on shares of Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Morgan Stanley increased their price objective on Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Stephens raised Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a research note on Tuesday. Finally, Barclays increased their price target on Regions Financial from $22.00 to $25.00 and gave the company an “underweight” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.45.

Regions Financial Stock Down 1.3 %

Shares of NYSE:RF opened at $23.56 on Thursday. The company has a market capitalization of $21.56 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 2.52 and a beta of 1.17. Regions Financial has a 12-month low of $14.60 and a 12-month high of $24.47. The business has a 50-day moving average price of $23.09 and a 200 day moving average price of $21.14. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. Regions Financial’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. Sell-side analysts expect that Regions Financial will post 2.1 EPS for the current year.

Institutional Trading of Regions Financial

A number of institutional investors have recently modified their holdings of the company. Private Advisor Group LLC raised its holdings in Regions Financial by 1.8% in the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock valued at $581,000 after buying an additional 429 shares during the period. CWM LLC raised its stake in shares of Regions Financial by 1.1% in the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after acquiring an additional 480 shares during the period. Resonant Capital Advisors LLC lifted its holdings in shares of Regions Financial by 2.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock valued at $515,000 after acquiring an additional 506 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Regions Financial by 2.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,267 shares of the bank’s stock worth $473,000 after purchasing an additional 545 shares during the period. Finally, IFG Advisory LLC increased its holdings in Regions Financial by 1.8% in the 2nd quarter. IFG Advisory LLC now owns 30,928 shares of the bank’s stock valued at $620,000 after purchasing an additional 546 shares in the last quarter. Hedge funds and other institutional investors 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.