Regions Financial (NYSE:RF) Upgraded to “Hold” at StockNews.com

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

RF has been the subject of several other reports. Piper Sandler lifted their price objective on shares of Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Keefe, Bruyette & Woods lifted their price objective on shares of Regions Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Morgan Stanley lowered their target price on shares of Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, April 22nd. Evercore ISI lowered their target price on shares of Regions Financial from $22.00 to $21.00 and set an “in-line” rating for the company in a research note on Tuesday. Finally, Truist Financial lowered their target price on shares of Regions Financial from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.28.

Regions Financial Trading Up 1.7 %

NYSE RF traded up $0.32 on Thursday, hitting $19.20. 7,364,795 shares of the stock were exchanged, compared to its average volume of 8,023,479. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a fifty day moving average price of $19.27 and a two-hundred day moving average price of $19.14. The firm has a market capitalization of $17.58 billion, a P/E ratio of 10.43, a P/E/G ratio of 2.08 and a beta of 1.19. Regions Financial has a 52-week low of $13.72 and a 52-week high of $21.08.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.08). The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Regions Financial had a return on equity of 13.28% and a net margin of 19.75%. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 earnings per share. Research analysts forecast that Regions Financial will post 1.96 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director William C. Rhodes III bought 50,000 shares of Regions Financial stock in a transaction on Tuesday, April 23rd. The stock was acquired at an average cost of $19.37 per share, for a total transaction of $968,500.00. Following the completion of the acquisition, the director now owns 50,000 shares of the company’s stock, valued at approximately $968,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Regions Financial news, EVP William D. Ritter sold 23,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $19.95, for a total value of $458,850.00. Following the completion of the transaction, the executive vice president now directly owns 41,671 shares in the company, valued at $831,336.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William C. Rhodes III bought 50,000 shares of Regions Financial stock in a transaction on Tuesday, April 23rd. The stock was purchased at an average price of $19.37 per share, with a total value of $968,500.00. Following the completion of the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $968,500. The disclosure for this purchase can be found here. 0.33% of the stock is owned by insiders.

Hedge Funds Weigh In On Regions Financial

A number of large investors have recently added to or reduced their stakes in RF. Whittier Trust Co. increased its holdings in shares of Regions Financial by 16.5% during the fourth quarter. Whittier Trust Co. now owns 3,881 shares of the bank’s stock valued at $75,000 after acquiring an additional 549 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of Regions Financial by 0.6% during the first quarter. HB Wealth Management LLC now owns 96,720 shares of the bank’s stock valued at $2,035,000 after acquiring an additional 551 shares in the last quarter. CWM LLC increased its holdings in shares of Regions Financial by 1.4% during the first quarter. CWM LLC now owns 41,137 shares of the bank’s stock valued at $866,000 after acquiring an additional 556 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Regions Financial by 2.8% during the first quarter. Perigon Wealth Management LLC now owns 20,594 shares of the bank’s stock valued at $433,000 after acquiring an additional 565 shares in the last quarter. Finally, Signet Financial Management LLC increased its holdings in shares of Regions Financial by 4.9% during the first quarter. Signet Financial Management LLC now owns 12,438 shares of the bank’s stock valued at $262,000 after acquiring an additional 584 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

About Regions Financial

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.