Regions Financial (NYSE:RF) Stock Rating Upgraded by Wall Street Zen

Regions Financial (NYSE:RF) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other research analysts have also weighed in on RF. DA Davidson increased their price objective on shares of Regions Financial from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Citigroup boosted their target price on shares of Regions Financial from $32.00 to $36.00 and gave the company a “buy” rating in a report on Monday, July 20th. JPMorgan Chase & Co. upped their price target on shares of Regions Financial from $31.50 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regions Financial in a research note on Friday, July 17th. Finally, Cantor Fitzgerald increased their price target on shares of Regions Financial from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.29.

Regions Financial Stock Performance

Regions Financial stock opened at $28.50 on Friday. The firm has a market capitalization of $24.28 billion, a P/E ratio of 11.63, a PEG ratio of 1.17 and a beta of 0.99. The stock has a fifty day moving average price of $30.72 and a 200 day moving average price of $28.83. Regions Financial has a 52 week low of $22.70 and a 52 week high of $32.47. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.26.

Regions Financial (NYSE:RF) last released its earnings results on Friday, July 17th. The bank reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.05. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. Equities research analysts anticipate that Regions Financial will post 2.63 earnings per share for the current year.

Institutional Trading of Regions Financial

Institutional investors have recently modified their holdings of the company. WPG Advisers LLC lifted its position in Regions Financial by 83.5% during the second quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock valued at $25,000 after buying an additional 370 shares in the last quarter. Keating Financial Advisory Services Inc. purchased a new stake in Regions Financial during the second quarter worth approximately $25,000. Trust Co. of Vermont purchased a new stake in Regions Financial during the second quarter worth approximately $26,000. Gables Capital Management Inc. acquired a new stake in shares of Regions Financial in the second quarter worth $30,000. Finally, SouthState Bank Corp increased its position in shares of Regions Financial by 94.1% in the fourth quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock worth $30,000 after acquiring an additional 538 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

About Regions Financial

Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumer, commercial and institutional customers.

Regions Bank offers checking and savings accounts, consumer loans, credit cards, mortgages, home equity products and other personal banking services. Its commercial and corporate offerings include business loans, treasury management, equipment financing, capital markets services and other solutions for companies, municipalities and institutions.