Regions Financial (NYSE:RF) Stock Rating Upgraded by StockNews.com

Regions Financial (NYSE:RF) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley upped their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Wedbush raised their price objective on Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Royal Bank of Canada boosted their target price on Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. The Goldman Sachs Group lifted their price target on Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, Barclays increased their price objective on shares of 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, ten have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Regions Financial has a consensus rating of “Hold” and a consensus price target of $24.35.

Regions Financial Stock Down 1.1 %

RF stock opened at $23.50 on Friday. Regions Financial has a fifty-two week low of $13.95 and a fifty-two week high of $24.47. The company has a market capitalization of $21.51 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 2.54 and a beta of 1.17. The business’s 50 day moving average price is $22.91 and its two-hundred day moving average price is $21.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last posted its quarterly earnings data 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). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the company posted $0.49 EPS. Regions Financial’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, analysts forecast that Regions Financial will post 2.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Regions Financial

A number of institutional investors and hedge funds have recently made changes to their positions in RF. Cincinnati Insurance Co. purchased a new position in Regions Financial during the first quarter valued at $74,606,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Regions Financial during the 1st quarter valued at about $33,829,000. Allspring Global Investments Holdings LLC grew its stake in shares of Regions Financial by 13.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock valued at $201,238,000 after acquiring an additional 1,014,706 shares during the period. Dimensional Fund Advisors LP increased its holdings in Regions Financial by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock worth $285,562,000 after acquiring an additional 979,597 shares in the last quarter. Finally, Swedbank AB bought a new stake in Regions Financial during the 1st quarter worth approximately $19,322,000. 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.