Regions Financial Co. (NYSE:RF) Given Average Rating of “Hold” by Brokerages

Regions Financial Co. (NYSE:RF) has been assigned an average rating of “Hold” from the eighteen ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $20.39.

Several analysts have commented on RF shares. Jefferies Financial Group boosted their price target on shares of Regions Financial from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Truist Financial boosted their price target on shares of Regions Financial from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Monday, July 8th. Evercore ISI decreased their price target on shares of Regions Financial from $22.00 to $21.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Morgan Stanley decreased their price target on shares of Regions Financial from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday, April 22nd. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th.

Insider Activity at Regions Financial

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

Hedge Funds Weigh In On Regions Financial

Hedge funds have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC bought a new position in Regions Financial in the 1st quarter worth about $26,000. Laurel Wealth Advisors LLC boosted its stake in shares of Regions Financial by 86.5% during the fourth quarter. Laurel Wealth Advisors LLC now owns 1,399 shares of the bank’s stock valued at $27,000 after purchasing an additional 649 shares in the last quarter. MV Capital Management Inc. boosted its stake in shares of Regions Financial by 75.6% during the first quarter. MV Capital Management Inc. now owns 1,435 shares of the bank’s stock valued at $30,000 after purchasing an additional 618 shares in the last quarter. ICA Group Wealth Management LLC bought a new position in shares of Regions Financial during the fourth quarter valued at approximately $28,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Regions Financial by 103.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,477 shares of the bank’s stock valued at $29,000 after purchasing an additional 750 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Up 3.7 %

RF opened at $21.78 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. Regions Financial has a fifty-two week low of $13.72 and a fifty-two week high of $21.83. The firm’s fifty day moving average is $19.42 and its 200 day moving average is $19.24. The stock has a market cap of $19.94 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 2.34 and a beta of 1.18.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, April 19th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.08). The company had revenue of $1.75 billion during 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 revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. On average, sell-side analysts forecast that Regions Financial will post 1.96 earnings per share for the current fiscal year.

Regions Financial Company Profile

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.