Regions Financial (NYSE:RF) Downgraded by Wells Fargo & Company to “Market Perform”

Wells Fargo & Company downgraded shares of Regions Financial (NYSE:RFGet Rating) to a market perform rating in a research note released on Monday, Stock Target Advisor reports.

Several other brokerages have also commented on RF. Stephens lifted their price objective on shares of Regions Financial from $23.00 to $24.00 and gave the stock an equal weight rating in a research report on Tuesday, October 25th. Raymond James lowered their price target on shares of Regions Financial from $24.00 to $23.00 and set an outperform rating on the stock in a research report on Monday, October 24th. Wedbush reissued an outperform rating and issued a $25.00 price target on shares of Regions Financial in a research report on Wednesday, September 28th. JPMorgan Chase & Co. boosted their price target on shares of Regions Financial from $23.50 to $25.00 in a research report on Wednesday, November 2nd. Finally, Compass Point lowered their price target on shares of Regions Financial to $23.00 in a research report on Thursday, October 20th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $24.50.

Regions Financial Stock Up 0.1 %

RF opened at $22.51 on Monday. The firm has a market capitalization of $21.03 billion, a P/E ratio of 11.26, a PEG ratio of 0.95 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.81 and a quick ratio of 0.81. Regions Financial has a fifty-two week low of $18.01 and a fifty-two week high of $25.57. The company’s 50-day moving average is $21.50 and its 200 day moving average is $20.98.

Regions Financial (NYSE:RFGet Rating) last announced its quarterly earnings data on Friday, October 21st. The bank reported $0.43 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.16). The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.81 billion. Regions Financial had a return on equity of 14.13% and a net margin of 28.34%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. Research analysts expect that Regions Financial will post 2.35 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 8th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Wednesday, December 7th. Regions Financial’s dividend payout ratio is presently 40.00%.

Institutional Trading of Regions Financial

Several institutional investors have recently bought and sold shares of RF. CI Investments Inc. boosted its holdings in shares of Regions Financial by 991.2% during the 3rd quarter. CI Investments Inc. now owns 1,244 shares of the bank’s stock valued at $25,000 after acquiring an additional 1,130 shares during the last quarter. Tcwp LLC bought a new position in shares of Regions Financial in the 1st quarter worth approximately $28,000. Hudock Inc. bought a new position in shares of Regions Financial in the 2nd quarter worth approximately $37,000. SRS Capital Advisors Inc. lifted its stake in shares of Regions Financial by 89.7% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,174 shares of the bank’s stock worth $48,000 after purchasing an additional 1,028 shares during the period. Finally, Curi Wealth Management LLC lifted its stake in shares of Regions Financial by 5,557.5% in the 1st quarter. Curi Wealth Management LLC now owns 2,263 shares of the bank’s stock worth $50,000 after purchasing an additional 2,223 shares during the period. 73.61% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Company Profile

(Get Rating)

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.

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