Regions Financial Corporation (RF) Given Consensus Rating of “Hold” by Brokerages
Regions Financial Corporation (NYSE:RF) has been assigned a consensus rating of “Hold” from the twenty-four analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $16.63.
Several research analysts recently commented on the stock. Piper Jaffray Companies reiterated a “hold” rating and set a $17.00 price objective on shares of Regions Financial in a research note on Tuesday. Robert W. Baird reiterated a “sell” rating and set a $17.00 price objective on shares of Regions Financial in a research note on Wednesday, January 3rd. Barclays boosted their price objective on shares of Regions Financial from $15.00 to $19.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. Wedbush upgraded shares of Regions Financial from a “neutral” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Thursday, December 21st. Finally, UBS Group upgraded shares of Regions Financial from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $15.00 to $18.00 in a research note on Tuesday, December 12th.
In other news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total value of $255,600.00. Following the sale, the director now directly owns 59,436 shares of the company’s stock, valued at approximately $1,012,789.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John B. Owen sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total transaction of $626,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,000 shares of company stock worth $1,278,400. 0.52% of the stock is owned by insiders.
Regions Financial (NYSE:RF) opened at $17.78 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market cap of $20,620.00, a P/E ratio of 18.72, a P/E/G ratio of 1.23 and a beta of 1.30. Regions Financial has a 52 week low of $13.00 and a 52 week high of $17.92.
Regions Financial (NYSE:RF) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. Regions Financial had a net margin of 20.14% and a return on equity of 7.56%. Regions Financial’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 EPS. analysts forecast that Regions Financial will post 0.99 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, December 7th. Regions Financial’s dividend payout ratio is presently 37.89%.
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About Regions Financial
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.
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