Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Regions Financial Corporation (NYSE:RF) in a research note published on Tuesday. They currently have a $15.00 target price on the bank’s stock.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada restated a hold rating and issued a $15.00 price target on shares of Regions Financial Corporation in a research note on Friday, June 23rd. Deutsche Bank AG reaffirmed a hold rating on shares of Regions Financial Corporation in a research report on Monday, July 3rd. BidaskClub cut Regions Financial Corporation from a hold rating to a sell rating in a research report on Tuesday, July 25th. Bank of America Corporation reiterated a buy rating and issued a $17.00 price objective on shares of Regions Financial Corporation in a report on Wednesday, July 26th. Finally, Instinet reiterated a neutral rating and issued a $16.00 price objective on shares of Regions Financial Corporation in a report on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $14.78.

Regions Financial Corporation (NYSE:RF) traded down 0.494% during trading on Tuesday, reaching $15.095. 3,306,028 shares of the company’s stock traded hands. Regions Financial Corporation has a 12-month low of $9.78 and a 12-month high of $16.03. The company has a market cap of $18.04 billion, a PE ratio of 15.773 and a beta of 1.34. The company has a 50 day moving average price of $14.22 and a 200-day moving average price of $14.25.

Regions Financial Corporation (NYSE:RF) last announced its quarterly earnings data on Friday, July 21st. The bank reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. Regions Financial Corporation had a return on equity of 7.51% and a net margin of 20.25%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the company posted $0.20 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that Regions Financial Corporation will post $1.00 EPS for the current fiscal year.

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Regions Financial Corporation declared that its board has authorized a share repurchase plan on Wednesday, June 28th that permits the company to repurchase $1.47 billion in outstanding shares. This repurchase authorization permits the bank to repurchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Thursday, September 7th. This is a boost from Regions Financial Corporation’s previous quarterly dividend of $0.07. Regions Financial Corporation’s dividend payout ratio is 37.89%.

In other news, EVP Scott M. Peters sold 13,689 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $14.61, for a total transaction of $199,996.29. Following the completion of the transaction, the executive vice president now directly owns 147,528 shares of the company’s stock, valued at approximately $2,155,384.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Fournier J. Gale III sold 35,825 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $14.59, for a total value of $522,686.75. Following the transaction, the executive vice president now directly owns 109,318 shares of the company’s stock, valued at $1,594,949.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,514 shares of company stock worth $1,846,733. 0.52% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of RF. Salem Investment Counselors Inc. boosted its stake in shares of Regions Financial Corporation by 0.3% in the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after buying an additional 26 shares in the last quarter. IFC Holdings Incorporated FL raised its position in Regions Financial Corporation by 0.3% in the second quarter. IFC Holdings Incorporated FL now owns 20,289 shares of the bank’s stock worth $295,000 after acquiring an additional 58 shares in the last quarter. Advisor Partners LLC raised its position in Regions Financial Corporation by 0.3% in the second quarter. Advisor Partners LLC now owns 20,041 shares of the bank’s stock worth $293,000 after acquiring an additional 59 shares in the last quarter. Lbmc Investment Advisors LLC raised its position in Regions Financial Corporation by 0.3% in the second quarter. Lbmc Investment Advisors LLC now owns 31,904 shares of the bank’s stock worth $467,000 after acquiring an additional 109 shares in the last quarter. Finally, Huntington National Bank raised its position in Regions Financial Corporation by 0.9% in the second quarter. Huntington National Bank now owns 17,347 shares of the bank’s stock worth $254,000 after acquiring an additional 161 shares in the last quarter. 75.56% of the stock is owned by institutional investors and hedge funds.

About Regions Financial Corporation

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.

Analyst Recommendations for Regions Financial Corporation (NYSE:RF)

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