Regions Financial (NYSE:RF) Stock Gets Price Target Reduction from Stephens

Regions Financial (NYSE:RF) had its price objective cut by Stephens from $32.00 to $30.00 in a research note issued to investors on Monday morning, Marketbeat Ratings reports. They currently have an equal weight rating on the bank’s stock.

Other research analysts also recently issued research reports about the company. Evercore reissued an “underperform” rating and issued a $31.00 target price on shares of Regions Financial in a report on Monday, July 6th. Keefe, Bruyette & Woods boosted their price target on Regions Financial from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Monday, July 20th. Morgan Stanley cut their price target on Regions Financial from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, September 28th. Citigroup upped their price target on shares of Regions Financial from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $34.00 price target on shares of Regions Financial in a research report on Monday, July 20th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Regions Financial presently has a consensus rating of “Hold” and a consensus price target of $31.12.

Regions Financial Price Performance

NYSE RF opened at $28.05 on Monday. The stock has a market capitalization of $23.90 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 1.12 and a beta of 1.05. Regions Financial has a 1-year low of $23.59 and a 1-year high of $32.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.82 and a quick ratio of 0.81. The business’s fifty day moving average price is $28.89 and its 200-day moving average price is $29.03.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, October 16th. The bank reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Regions Financial had a return on equity of 13.43% and a net margin of 23.97%. Regions Financial’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. On average, equities analysts predict that Regions Financial will post 2.70 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, December 1st. Regions Financial’s dividend payout ratio (DPR) is currently 47.06%.

Institutional Investors Weigh In On Regions Financial

A number of hedge funds have recently modified their holdings of RF. WPG Advisers LLC raised its holdings in Regions Financial by 83.5% in the 2nd quarter. WPG Advisers LLC now owns 813 shares of the bank’s stock worth $25,000 after purchasing an additional 370 shares during the period. Keating Financial Advisory Services Inc. bought a new stake in Regions Financial during the second quarter valued at about $25,000. Trust Co. of Vermont bought a new stake in Regions Financial during the second quarter valued at about $26,000. Gables Capital Management Inc. purchased a new stake in Regions Financial in the second quarter worth about $30,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in Regions Financial in the second quarter worth about $36,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, institutions and governments.

Regions Bank offers checking and savings accounts, consumer and commercial loans, credit products, mortgages, treasury and cash-management services, investment and wealth-management solutions, and insurance-related services.