A number of other analysts have also recently issued reports on the company. Jefferies Group restated a buy rating and set a $9.50 price objective on shares of Regions Financial Corp. in a research report on Thursday, July 7th. TheStreet upgraded Regions Financial Corp. from a hold rating to a buy rating in a research report on Friday, August 5th. Evercore ISI restated a buy rating and set a $10.00 price objective (up from $9.00) on shares of Regions Financial Corp. in a research report on Friday, July 22nd. FBR & Co restated a buy rating and set a $10.50 price objective on shares of Regions Financial Corp. in a research report on Wednesday, July 20th. Finally, Credit Suisse Group AG restated a hold rating and set a $9.50 price objective on shares of Regions Financial Corp. in a research report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $10.34.
Regions Financial Corp. (NYSE:RF) traded up 0.49% during mid-day trading on Tuesday, hitting $10.31. 4,301,838 shares of the stock were exchanged. Regions Financial Corp. has a one year low of $7.00 and a one year high of $10.47. The company has a 50-day moving average price of $9.86 and a 200-day moving average price of $9.22. The company has a market cap of $12.94 billion, a P/E ratio of 12.97 and a beta of 1.44.
Regions Financial Corp. (NYSE:RF) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. Regions Financial Corp. had a return on equity of 6.65% and a net margin of 18.63%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.37 billion. On average, analysts predict that Regions Financial Corp. will post $0.83 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were issued a $0.065 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $0.26 annualized dividend and a dividend yield of 2.53%. Regions Financial Corp.’s dividend payout ratio (DPR) is currently 32.91%.
In other Regions Financial Corp. news, EVP C. Keith Herron sold 38,753 shares of the stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $9.38, for a total value of $363,503.14. Following the completion of the sale, the executive vice president now directly owns 290,384 shares in the company, valued at $2,723,801.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ellen S. Jones sold 10,000 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $9.53, for a total value of $95,300.00. Following the completion of the sale, the executive vice president now owns 54,886 shares of the company’s stock, valued at $523,063.58. The disclosure for this sale can be found here. 0.88% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. increased its stake in shares of Regions Financial Corp. by 5.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 36,010,738 shares of the company’s stock valued at $282,684,000 after buying an additional 1,878,532 shares during the period. BlackRock Japan Co. Ltd increased its position in Regions Financial Corp. by 0.5% in the first quarter. BlackRock Japan Co. Ltd now owns 1,783,360 shares of the company’s stock worth $13,999,000 after buying an additional 8,310 shares during the last quarter. Columbia Partners L L C Investment Management purchased a new position in Regions Financial Corp. during the first quarter worth about $894,000. Menta Capital LLC increased its position in Regions Financial Corp. by 178.3% in the first quarter. Menta Capital LLC now owns 101,300 shares of the company’s stock worth $795,000 after buying an additional 64,900 shares during the last quarter. Finally, ING Groep NV increased its position in Regions Financial Corp. by 9,978.5% in the first quarter. ING Groep NV now owns 1,622,538 shares of the company’s stock worth $12,721,000 after buying an additional 1,606,439 shares during the last quarter. Institutional investors own 74.29% of the company’s stock.
Regions Financial Corp. Company Profile
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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