Regions Financial (NYSE:RF) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Regions Financial (NYSE:RF) from a sell rating to a hold rating in a research note published on Saturday.

RF has been the topic of several other research reports. Jefferies Financial Group started coverage on Regions Financial in a report on Wednesday, May 21st. They set a “hold” rating and a $24.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Cowen started coverage on Regions Financial in a report on Wednesday, May 14th. They set a “buy” rating on the stock. The Goldman Sachs Group dropped their target price on Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods dropped their target price on Regions Financial from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.15.

Regions Financial Stock Up 0.5%

RF stock opened at $24.68 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market capitalization of $22.19 billion, a P/E ratio of 11.87, a P/E/G ratio of 1.97 and a beta of 0.98. The business has a 50-day moving average of $22.00 and a 200-day moving average of $22.35. Regions Financial has a fifty-two week low of $17.74 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Regions Financial had a return on equity of 13.04% and a net margin of 21.43%. During the same period in the prior year, the firm earned $0.37 earnings per share. On average, sell-side analysts anticipate that Regions Financial will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 4.05%. Regions Financial’s dividend payout ratio (DPR) is presently 48.08%.

Hedge Funds Weigh In On Regions Financial

A number of large investors have recently made changes to their positions in the company. TrueWealth Advisors LLC increased its stake in shares of Regions Financial by 61.8% during the second quarter. TrueWealth Advisors LLC now owns 30,707 shares of the bank’s stock worth $722,000 after purchasing an additional 11,725 shares during the period. AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Regions Financial during the first quarter worth approximately $859,000. Inspire Investing LLC increased its stake in shares of Regions Financial by 32.4% during the first quarter. Inspire Investing LLC now owns 14,529 shares of the bank’s stock worth $316,000 after purchasing an additional 3,553 shares during the period. Strs Ohio bought a new position in shares of Regions Financial during the first quarter worth approximately $6,716,000. Finally, Intrua Financial LLC bought a new position in shares of Regions Financial during the first quarter worth approximately $501,000. 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.