Regions Financial (NYSE:RF) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Regions Financial (NYSE:RF) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued on Thursday, MarketBeat reports. The firm presently has a $26.00 price objective on the bank’s stock, up from their prior price objective of $24.00. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 9.98% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Evercore ISI upped their target price on Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group upped their price objective on Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. DA Davidson lifted their target price on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday. Keefe, Bruyette & Woods lowered their target price on Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a research note on Tuesday, July 9th. Finally, Barclays lifted their price target on shares of Regions Financial from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Regions Financial currently has a consensus rating of “Hold” and a consensus target price of $23.77.

Regions Financial Stock Performance

Shares of NYSE:RF opened at $23.64 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.83. Regions Financial has a 1 year low of $13.72 and a 1 year high of $24.47. The company has a market capitalization of $21.65 billion, a P/E ratio of 12.85, a P/E/G ratio of 2.80 and a beta of 1.17. The business’s 50 day simple moving average is $22.81 and its 200 day simple moving average is $20.96.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share. On average, research analysts anticipate that Regions Financial will post 2.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. raised its holdings in shares of Regions Financial by 281.7% during the first quarter. Bessemer Group Inc. now owns 79,593 shares of the bank’s stock valued at $1,675,000 after purchasing an additional 58,739 shares during the period. UniSuper Management Pty Ltd lifted its holdings in shares of Regions Financial by 1,075.7% in the first quarter. UniSuper Management Pty Ltd now owns 44,781 shares of the bank’s stock valued at $942,000 after purchasing an additional 40,972 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Regions Financial by 30.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 415,105 shares of the bank’s stock valued at $8,734,000 after buying an additional 98,003 shares during the last quarter. Swedbank AB bought a new stake in Regions Financial during the first quarter worth $19,322,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in Regions Financial in the 1st quarter valued at $33,829,000. 79.39% of the stock is 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.