Credit Suisse Group AG set a $9.50 price objective on Regions Financial Corp. (NYSE:RF) in a report released on Wednesday morning. The brokerage currently has a a hold rating on the stock.

Other analysts have also recently issued reports about the stock. Nomura reaffirmed a hold rating on shares of Regions Financial Corp. in a research note on Saturday, July 9th. Barclays PLC reaffirmed a sell rating on shares of Regions Financial Corp. in a research note on Saturday, July 9th. Wells Fargo & Co. reaffirmed a hold rating on shares of Regions Financial Corp. in a research note on Saturday, July 9th. Deutsche Bank AG reaffirmed a hold rating on shares of Regions Financial Corp. in a research note on Saturday, June 4th. Finally, Vetr raised shares of Regions Financial Corp. from a buy rating to a strong-buy rating and set a $10.50 target price for the company in a research note on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Regions Financial Corp. presently has an average rating of Buy and a consensus target price of $10.31.

Shares of Regions Financial Corp. (NYSE:RF) opened at 9.56 on Wednesday. The stock’s 50 day moving average price is $9.53 and its 200-day moving average price is $8.98. The stock has a market cap of $12.00 billion, a price-to-earnings ratio of 12.03 and a beta of 1.64. Regions Financial Corp. has a 52-week low of $7.00 and a 52-week high of $10.28.

Regions Financial Corp. (NYSE:RF) last released its earnings results on Tuesday, July 19th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The firm earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Regions Financial Corp. had a return on equity of 6.65% and a net margin of 18.63%. On average, analysts predict that Regions Financial Corp. will post $0.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be given a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, September 7th. Regions Financial Corp.’s payout ratio is currently 32.91%.

In related news, EVP Scott M. Peters sold 23,391 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $9.73, for a total transaction of $227,594.43. Following the completion of the sale, the executive vice president now owns 201,391 shares of the company’s stock, valued at approximately $1,959,534.43. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ellen S. Jones sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $9.53, for a total transaction of $95,300.00. Following the sale, the executive vice president now directly owns 54,886 shares of the company’s stock, valued at approximately $523,063.58. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Pioneer Investment Management Inc. increased its stake in shares of Regions Financial Corp. by 0.7% in the fourth quarter. Pioneer Investment Management Inc. now owns 3,536,577 shares of the company’s stock worth $33,951,000 after buying an additional 25,141 shares in the last quarter. Norges Bank acquired a new stake in shares of Regions Financial Corp. during the fourth quarter worth $82,786,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of Regions Financial Corp. by 2.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,109,459 shares of the company’s stock worth $8,709,000 after buying an additional 22,372 shares in the last quarter. DnB Asset Management AS increased its stake in shares of Regions Financial Corp. by 87.8% in the first quarter. DnB Asset Management AS now owns 185,914 shares of the company’s stock worth $1,459,000 after buying an additional 86,900 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Regions Financial Corp. by 13.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 302,580 shares of the company’s stock worth $2,375,000 after buying an additional 34,719 shares in the last quarter. 74.55% of the stock is owned by institutional investors and hedge funds.

About Regions Financial Corp.

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

5 Day Chart for NYSE:RF

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