Regions Financial Co. (NYSE:RF) Receives Average Rating of “Hold” from Analysts

Regions Financial Co. (NYSE:RFGet Free Report) has received an average recommendation of “Hold” from the seventeen analysts that are covering the company, reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $20.12.

RF has been the subject of several analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $16.50 price target (down previously from $19.00) on shares of Regions Financial in a report on Friday, October 27th. Keefe, Bruyette & Woods raised their price target on shares of Regions Financial from $20.00 to $21.00 and gave the stock a “market perform” rating in a research note on Monday, January 22nd. UBS Group lowered shares of Regions Financial from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $22.00 to $15.00 in a report on Tuesday, October 24th. Morgan Stanley increased their price objective on shares of Regions Financial from $21.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Finally, downgraded shares of Regions Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th.

Read Our Latest Report on RF

Regions Financial Price Performance

RF opened at $18.48 on Tuesday. Regions Financial has a 1 year low of $13.72 and a 1 year high of $24.02. The firm has a market capitalization of $17.19 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The business’s 50-day moving average is $18.64 and its two-hundred day moving average is $17.80.

Regions Financial (NYSE:RFGet Free Report) last announced its earnings results on Friday, January 19th. The bank reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.09). Regions Financial had a return on equity of 14.50% and a net margin of 22.66%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the company earned $0.67 earnings per share. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. Research analysts anticipate that Regions Financial will post 1.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Regions Financial

Several institutional investors and hedge funds have recently made changes to their positions in RF. Vestmark Advisory Solutions Inc. raised its holdings in Regions Financial by 126.3% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 26,436 shares of the bank’s stock valued at $455,000 after acquiring an additional 14,756 shares during the period. Point72 Europe London LLP bought a new position in shares of Regions Financial during the second quarter valued at $7,515,000. Bridgeworth LLC raised its stake in Regions Financial by 18.8% during the second quarter. Bridgeworth LLC now owns 69,712 shares of the bank’s stock worth $1,242,000 after buying an additional 11,015 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in Regions Financial in the third quarter valued at $986,000. Finally, Wealthcare Advisory Partners LLC increased its stake in Regions Financial by 19.9% in the third quarter. Wealthcare Advisory Partners LLC now owns 77,899 shares of the bank’s stock valued at $1,340,000 after purchasing an additional 12,938 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

Regions Financial Company Profile

(Get Free Report

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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Analyst Recommendations for Regions Financial (NYSE:RF)

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